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:
-0.32
^GSPC:
0.46
TAP:
-0.28
^GSPC:
0.77
TAP:
0.96
^GSPC:
1.11
TAP:
-0.19
^GSPC:
0.47
TAP:
-0.72
^GSPC:
1.94
TAP:
12.09%
^GSPC:
4.61%
TAP:
27.53%
^GSPC:
19.44%
TAP:
-67.73%
^GSPC:
-56.78%
TAP:
-37.34%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, TAP achieves a -0.15% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of -0.32%, while ^GSPC has yielded a comparatively higher 10.15% annualized return.
TAP
-0.15%
-6.82%
3.36%
-6.28%
7.32%
-0.32%
^GSPC
-6.06%
-2.95%
-4.87%
8.34%
13.98%
10.15%
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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
The current volatility for Molson Coors Brewing Company (TAP) is 7.31%, while S&P 500 (^GSPC) has a volatility of 14.23%. 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.