SHLS vs. ^GSPC
Compare and contrast key facts about Shoals Technologies Group, Inc. (SHLS) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHLS or ^GSPC.
Correlation
The correlation between SHLS and ^GSPC is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHLS vs. ^GSPC - Performance Comparison
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Key characteristics
SHLS:
-0.29
^GSPC:
0.61
SHLS:
-0.06
^GSPC:
1.03
SHLS:
0.99
^GSPC:
1.15
SHLS:
-0.31
^GSPC:
0.67
SHLS:
-0.71
^GSPC:
2.57
SHLS:
40.15%
^GSPC:
4.93%
SHLS:
78.08%
^GSPC:
19.67%
SHLS:
-93.00%
^GSPC:
-56.78%
SHLS:
-86.66%
^GSPC:
-4.88%
Returns By Period
In the year-to-date period, SHLS achieves a -3.07% return, which is significantly lower than ^GSPC's -0.64% return.
SHLS
-3.07%
57.18%
-7.11%
-22.77%
N/A
N/A
^GSPC
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
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Risk-Adjusted Performance
SHLS vs. ^GSPC — Risk-Adjusted Performance Rank
SHLS
^GSPC
SHLS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shoals Technologies Group, Inc. (SHLS) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
SHLS vs. ^GSPC - Drawdown Comparison
The maximum SHLS drawdown since its inception was -93.00%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SHLS and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
SHLS vs. ^GSPC - Volatility Comparison
Shoals Technologies Group, Inc. (SHLS) has a higher volatility of 20.74% compared to S&P 500 (^GSPC) at 6.29%. This indicates that SHLS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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