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:
-0.59
^SP500TR:
0.32
TECH:
-0.69
^SP500TR:
0.57
TECH:
0.92
^SP500TR:
1.08
TECH:
-0.39
^SP500TR:
0.32
TECH:
-1.52
^SP500TR:
1.43
TECH:
16.17%
^SP500TR:
4.19%
TECH:
41.55%
^SP500TR:
18.99%
TECH:
-74.39%
^SP500TR:
-55.25%
TECH:
-63.65%
^SP500TR:
-13.83%
Returns By Period
In the year-to-date period, TECH achieves a -33.14% return, which is significantly lower than ^SP500TR's -9.83% return. Over the past 10 years, TECH has underperformed ^SP500TR with an annualized return of 7.38%, while ^SP500TR has yielded a comparatively higher 11.70% annualized return.
TECH
-33.14%
-21.01%
-32.33%
-22.35%
-1.63%
7.38%
^SP500TR
-9.83%
-6.83%
-9.33%
6.85%
14.73%
11.70%
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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 19.31% compared to S&P 500 Total Return (^SP500TR) at 13.59%. 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.