SNAP vs. ^GSPC
SNAP (Snap Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, SNAP returned -41.95%/yr vs 11.54%/yr for ^GSPC. At a 0.45 correlation, their price movements are largely independent.
Performance
SNAP vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, SNAP achieves a -44.73% return, which is significantly lower than ^GSPC's 7.60% return.
SNAP
- 1D
- -3.67%
- 1M
- -22.03%
- YTD
- -44.73%
- 6M
- -42.89%
- 1Y
- -43.62%
- 3Y*
- -25.58%
- 5Y*
- -41.95%
- 10Y*
- —
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SNAP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNAP Snap Inc. | -44.73% | -25.07% | -36.39% | 89.16% | -80.97% | -6.07% | 206.61% | 196.37% | -62.29% | -39.12% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 11.59% |
Correlation
The correlation between SNAP and ^GSPC is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2017 | 0.45 |
The correlation between SNAP and ^GSPC shifts across timeframes, from 0.42 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SNAP vs. ^GSPC — Risk / Return Rank
SNAP
^GSPC
SNAP vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snap Inc. (SNAP) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SNAP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.46 | -3.16 |
| Martin ratioReturn relative to average drawdown | -1.23 | 10.92 | -12.15 |
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Drawdowns
SNAP vs. ^GSPC - Drawdown Comparison
The maximum SNAP drawdown since its inception was -95.27%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SNAP and ^GSPC.
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Drawdown Indicators
| SNAP | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.27% | -56.78% | -38.49% |
Max Drawdown (1Y)Largest decline over 1 year | -62.03% | -9.10% | -52.93% |
Max Drawdown (3Y)Largest decline over 3 years | -77.48% | -18.90% | -58.58% |
Max Drawdown (5Y)Largest decline over 5 years | -95.27% | -25.43% | -69.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -94.63% | -3.21% | -91.42% |
Average DrawdownAverage peak-to-trough decline | -60.13% | -10.71% | -49.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.40% | 2.04% | +33.36% |
Volatility
SNAP vs. ^GSPC - Volatility Comparison
Snap Inc. (SNAP) has a higher volatility of 18.94% compared to S&P 500 Index (^GSPC) at 4.89%. This indicates that SNAP'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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Volatility by Period
| SNAP | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 4.89% | +14.05% |
Volatility (6M)Calculated over the trailing 6-month period | 43.65% | 9.93% | +33.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.12% | 12.57% | +44.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.26% | 17.00% | +59.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.82% | 18.08% | +53.74% |
Frequently Asked Questions
SNAP and ^GSPC have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNAP has higher volatility (18.94%) compared to ^GSPC (4.89%). In terms of maximum drawdown, SNAP dropped -95.27% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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