TAP vs. ^GSPC
Compare and contrast key facts about Molson Coors Brewing Company (TAP) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAP or ^GSPC.
Correlation
The correlation between TAP and ^GSPC is 0.36, 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
TAP vs. ^GSPC - Performance Comparison
Key characteristics
TAP:
-0.27
^GSPC:
-0.17
TAP:
-0.21
^GSPC:
-0.11
TAP:
0.97
^GSPC:
0.98
TAP:
-0.16
^GSPC:
-0.15
TAP:
-0.45
^GSPC:
-0.79
TAP:
16.31%
^GSPC:
3.36%
TAP:
27.05%
^GSPC:
15.95%
TAP:
-67.73%
^GSPC:
-56.78%
TAP:
-32.54%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, TAP achieves a 7.50% return, which is significantly higher than ^GSPC's -13.73% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of -0.13%, while ^GSPC has yielded a comparatively higher 9.37% annualized return.
TAP
7.50%
3.12%
10.69%
-6.35%
10.75%
-0.13%
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
TAP vs. ^GSPC — Risk-Adjusted Performance Rank
TAP
^GSPC
TAP vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) 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
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. For additional features, visit the drawdowns tool.
Volatility
TAP vs. ^GSPC - Volatility Comparison
The current volatility for Molson Coors Brewing Company (TAP) is 8.16%, while S&P 500 (^GSPC) has a volatility of 9.30%. This indicates that TAP experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.