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:
-0.20
^GSPC:
0.25
TAP:
-0.11
^GSPC:
0.41
TAP:
0.99
^GSPC:
1.06
TAP:
-0.12
^GSPC:
0.30
TAP:
-0.33
^GSPC:
1.15
TAP:
16.67%
^GSPC:
3.18%
TAP:
26.96%
^GSPC:
14.78%
TAP:
-67.73%
^GSPC:
-56.78%
TAP:
-31.10%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, TAP achieves a 9.80% return, which is significantly higher than ^GSPC's -8.25% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of 0.35%, while ^GSPC has yielded a comparatively higher 10.02% annualized return.
TAP
9.80%
4.83%
14.16%
-5.41%
11.23%
0.35%
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
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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 7.80% compared to S&P 500 (^GSPC) at 7.38%. 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.