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
Key characteristics
SHLS:
-0.97
^GSPC:
1.74
SHLS:
-1.79
^GSPC:
2.36
SHLS:
0.79
^GSPC:
1.32
SHLS:
-0.80
^GSPC:
2.62
SHLS:
-1.22
^GSPC:
10.69
SHLS:
59.19%
^GSPC:
2.08%
SHLS:
74.00%
^GSPC:
12.76%
SHLS:
-90.14%
^GSPC:
-56.78%
SHLS:
-88.57%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, SHLS achieves a -17.00% return, which is significantly lower than ^GSPC's 4.01% return.
SHLS
-17.00%
-0.65%
-10.00%
-69.52%
N/A
N/A
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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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.
Drawdowns
SHLS vs. ^GSPC - Drawdown Comparison
The maximum SHLS drawdown since its inception was -90.14%, 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.
Volatility
SHLS vs. ^GSPC - Volatility Comparison
Shoals Technologies Group, Inc. (SHLS) has a higher volatility of 19.69% compared to S&P 500 (^GSPC) at 3.01%. 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.