TAP vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Molson Coors Brewing Company (TAP) and S&P 500 Index (^GSPC).

Performance

TAP vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Molson Coors Brewing Company (TAP) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

TAP vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAP Molson Coors Brewing Company	-7.15%	-15.53%	-3.43%	22.15%	14.39%	4.12%	-15.20%	-0.44%	-29.88%	-14.11%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, TAP achieves a -7.15% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of -5.48%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

TAP

• 1D: -0.37%
• 1M: -10.80%
• YTD: -7.15%
• 6M: -4.86%
• 1Y: -27.15%
• 3Y*: -2.91%
• 5Y*: -0.82%
• 10Y*: -5.48%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TAP vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAP

TAP Risk / Return Rank: 8
TAP Sharpe Ratio Rank: 3
TAP Sortino Ratio Rank: 6
TAP Omega Ratio Rank: 8
TAP Calmar Ratio Rank: 10
TAP Martin Ratio Rank: 15

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	TAP	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-1.06	0.92	-1.98
Sortino ratio Return per unit of downside risk	-1.47	1.41	-2.89
Omega ratio Gain probability vs. loss probability	0.84	1.21	-0.38
Calmar ratio Return relative to maximum drawdown	-0.85	1.41	-2.26
Martin ratio Return relative to average drawdown	-1.30	6.61	-7.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TAP vs. ^GSPC - Sharpe Ratio Comparison

The current TAP Sharpe Ratio is -1.06, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of TAP and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TAP	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.06	0.92	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.61	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.19	0.68	-0.87
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.46	-0.22

Correlation

The correlation between TAP and ^GSPC is 0.35, 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.

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.

Drawdown Indicators

	TAP	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-67.73%	-56.78%	-10.95%
Max Drawdown (1Y) Largest decline over 1 year	-31.47%	-12.14%	-19.33%
Max Drawdown (5Y) Largest decline over 5 years	-36.21%	-25.43%	-10.78%
Max Drawdown (10Y) Largest decline over 10 years	-67.73%	-33.92%	-33.81%
Current Drawdown Current decline from peak	-50.78%	-5.78%	-45.00%
Average Drawdown Average peak-to-trough decline	-22.66%	-10.75%	-11.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.57%	2.60%	+17.97%

Volatility

TAP vs. ^GSPC - Volatility Comparison

Molson Coors Brewing Company (TAP) has a higher volatility of 7.59% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	TAP	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	5.37%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	9.55%	+10.54%
Volatility (1Y) Calculated over the trailing 1-year period	25.66%	18.33%	+7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.93%	16.90%	+9.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.39%	18.05%	+10.34%