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:
-0.00
^GSPC:
2.10
TAP:
0.15
^GSPC:
2.80
TAP:
1.02
^GSPC:
1.39
TAP:
-0.00
^GSPC:
3.09
TAP:
-0.01
^GSPC:
13.49
TAP:
15.14%
^GSPC:
1.94%
TAP:
23.02%
^GSPC:
12.52%
TAP:
-67.73%
^GSPC:
-56.78%
TAP:
-35.03%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, TAP achieves a -0.02% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, TAP has underperformed ^GSPC with an annualized return of -0.19%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
TAP
-0.02%
-1.16%
18.28%
-0.27%
4.63%
-0.19%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
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 4.14% compared to S&P 500 (^GSPC) at 3.79%. 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.