TGLR vs. ^GSPC
TGLR (Wedbush LAFFER|TENGLER New Era Value ETF) is Dividend fund actively managed by Wedbush, while ^GSPC (S&P 500 Index) is an index. Over the past year, TGLR returned 25.36% vs 21.84% for ^GSPC. Their correlation of 0.87 means they have usually moved in the same direction.
Performance
TGLR vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, TGLR achieves a 13.03% return, which is significantly higher than ^GSPC's 11.03% return.
TGLR
- 1D
- 1.01%
- 1M
- 1.21%
- 6M
- 7.68%
- YTD
- 13.03%
- 1Y
- 25.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.26%
^GSPC
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.00T | $37.50T | $41.55T |
| $127.00K | $118.29K | $218.46K |
TGLR vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TGLR Wedbush LAFFER|TENGLER New Era Value ETF | 13.03% | 23.30% | 18.71% | 4.88% |
^GSPC S&P 500 Index | 11.03% | 16.39% | 23.31% | 5.56% |
Correlation
The correlation between TGLR and ^GSPC is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.87 |
The correlation between TGLR and ^GSPC has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
TGLR vs. ^GSPC — Risk / Return Rank
TGLR
^GSPC
TGLR vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TGLR | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.41 | +0.54 |
| Martin ratioReturn relative to average drawdown | 11.79 | 10.22 | +1.57 |
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Drawdowns
TGLR vs. ^GSPC - Drawdown Comparison
The maximum TGLR drawdown since its inception was -19.82%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TGLR and ^GSPC.
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Drawdown Indicators
| TGLR | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.82% | -56.78% | +36.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -9.10% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.12% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -10.70% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.14% | +0.02% |
Volatility
TGLR vs. ^GSPC - Volatility Comparison
Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) and S&P 500 Index (^GSPC) have volatilities of 3.67% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGLR | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.80% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 10.20% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 12.86% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 17.02% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 18.08% | -2.91% |
Frequently Asked Questions
TGLR and ^GSPC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (3.80%) compared to TGLR (3.67%). In terms of maximum drawdown, TGLR dropped -19.82% vs ^GSPC's -56.78%.
TGLR currently has the higher Sharpe Ratio (1.93 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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