TECH vs. ^SP500TR
Compare and contrast key facts about Bio-Techne Corporation (TECH) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECH or ^SP500TR.
Correlation
The correlation between TECH and ^SP500TR is 0.40, 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
TECH vs. ^SP500TR - Performance Comparison
Key characteristics
TECH:
-0.20
^SP500TR:
1.75
TECH:
-0.04
^SP500TR:
2.36
TECH:
1.00
^SP500TR:
1.32
TECH:
-0.14
^SP500TR:
2.66
TECH:
-0.62
^SP500TR:
11.02
TECH:
11.68%
^SP500TR:
2.04%
TECH:
36.57%
^SP500TR:
12.89%
TECH:
-74.39%
^SP500TR:
-55.25%
TECH:
-50.94%
^SP500TR:
-2.12%
Returns By Period
In the year-to-date period, TECH achieves a -9.76% return, which is significantly lower than ^SP500TR's 2.42% return. Over the past 10 years, TECH has underperformed ^SP500TR with an annualized return of 11.14%, while ^SP500TR has yielded a comparatively higher 13.06% annualized return.
TECH
-9.76%
-17.42%
-9.99%
-9.14%
5.25%
11.14%
^SP500TR
2.42%
-1.08%
7.42%
19.81%
14.30%
13.06%
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
TECH vs. ^SP500TR — Risk-Adjusted Performance Rank
TECH
^SP500TR
TECH vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bio-Techne Corporation (TECH) and S&P 500 Total Return (^SP500TR). 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
TECH vs. ^SP500TR - Drawdown Comparison
The maximum TECH drawdown since its inception was -74.39%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for TECH and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
TECH vs. ^SP500TR - Volatility Comparison
Bio-Techne Corporation (TECH) has a higher volatility of 8.39% compared to S&P 500 Total Return (^SP500TR) at 3.43%. This indicates that TECH's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.