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 0.38, 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:
-0.43
^GSPC:
0.44
SHLS:
-0.42
^GSPC:
0.79
SHLS:
0.95
^GSPC:
1.12
SHLS:
-0.45
^GSPC:
0.48
SHLS:
-1.05
^GSPC:
1.85
SHLS:
40.09%
^GSPC:
4.92%
SHLS:
78.36%
^GSPC:
19.37%
SHLS:
-93.00%
^GSPC:
-56.78%
SHLS:
-87.33%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, SHLS achieves a -7.96% return, which is significantly lower than ^GSPC's -3.77% return.
SHLS
-7.96%
51.49%
-10.86%
-26.66%
N/A
N/A
^GSPC
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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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 23.10% compared to S&P 500 (^GSPC) at 6.82%. 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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