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:
-0.03
^GSPC:
1.62
TAP:
0.14
^GSPC:
2.20
TAP:
1.02
^GSPC:
1.30
TAP:
-0.02
^GSPC:
2.46
TAP:
-0.05
^GSPC:
10.01
TAP:
16.45%
^GSPC:
2.08%
TAP:
26.10%
^GSPC:
12.88%
TAP:
-67.73%
^GSPC:
-56.78%
TAP:
-33.95%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, TAP achieves a 5.25% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of -0.07%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
TAP
5.25%
9.93%
13.82%
-0.71%
4.11%
-0.07%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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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
Molson Coors Brewing Company (TAP) has a higher volatility of 11.58% compared to S&P 500 (^GSPC) at 3.43%. 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.