TAP vs. ^GSPC
TAP (Molson Coors Brewing Company) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, TAP returned -6.68%/yr vs 13.41%/yr for ^GSPC. At a 0.35 correlation, their price movements are largely independent.
Performance
TAP vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, TAP achieves a -14.21% return, which is significantly lower than ^GSPC's 10.66% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of -6.68%, while ^GSPC has yielded a comparatively higher 13.41% annualized return.
TAP
- 1D
- 1.11%
- 1M
- -5.80%
- 6M
- -16.79%
- YTD
- -14.21%
- 1Y
- -18.30%
- 3Y*
- -12.34%
- 5Y*
- -2.85%
- 10Y*
- -6.68%
^GSPC
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
TAP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAP Molson Coors Brewing Company | -14.21% | -15.53% | -3.43% | 22.15% | 14.39% | 4.12% | -15.20% | -0.44% | -29.88% | -14.11% |
^GSPC S&P 500 Index | 10.66% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between TAP and ^GSPC is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.35 |
The correlation between TAP and ^GSPC shifts across timeframes, from -0.07 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAP vs. ^GSPC — Risk / Return Rank
TAP
^GSPC
TAP vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) 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.
| TAP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.30 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.28 | -2.93 |
| Martin ratioReturn relative to average drawdown | -1.20 | 9.88 | -11.08 |
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Drawdowns
TAP vs. ^GSPC - Drawdown Comparison
The maximum TAP drawdown since its inception was -67.73%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TAP and ^GSPC.
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Drawdown Indicators
| TAP | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.73% | -56.78% | -10.95% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -9.10% | -18.65% |
Max Drawdown (3Y)Largest decline over 3 years | -39.73% | -18.90% | -20.83% |
Max Drawdown (5Y)Largest decline over 5 years | -39.73% | -25.43% | -14.30% |
Max Drawdown (10Y)Largest decline over 10 years | -67.73% | -33.92% | -33.81% |
Current DrawdownCurrent decline from peak | -54.52% | -0.45% | -54.07% |
Average DrawdownAverage peak-to-trough decline | -22.85% | -10.71% | -12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.02% | 2.09% | +12.93% |
Volatility
TAP vs. ^GSPC - Volatility Comparison
Molson Coors Brewing Company (TAP) has a higher volatility of 8.39% compared to S&P 500 Index (^GSPC) at 4.25%. This indicates that TAP'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
| TAP | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 4.25% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | 9.96% | +10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 12.52% | +14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 17.00% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.54% | 18.05% | +10.49% |
Frequently Asked Questions
TAP and ^GSPC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAP has higher volatility (8.39%) compared to ^GSPC (4.25%). In terms of maximum drawdown, TAP dropped -67.73% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.65 vs -0.67), 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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