UA vs. ^GSPC
UA (Under Armour, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, UA returned -16.89%/yr vs 13.65%/yr for ^GSPC. At a 0.48 correlation, their price movements are largely independent.
Performance
UA vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, UA achieves a 12.71% return, which is significantly higher than ^GSPC's 10.79% return. Over the past 10 years, UA has underperformed ^GSPC with an annualized return of -16.89%, while ^GSPC has yielded a comparatively higher 13.65% annualized return.
UA
- 1D
- 2.08%
- 1M
- -11.02%
- YTD
- 12.71%
- 6M
- 24.37%
- 1Y
- -12.32%
- 3Y*
- -7.70%
- 5Y*
- -22.23%
- 10Y*
- -16.89%
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
UA vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UA Under Armour, Inc. | 12.71% | -35.66% | -10.66% | -6.39% | -50.55% | 21.24% | -22.42% | 18.61% | 21.40% | -47.08% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between UA and ^GSPC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2016 | 0.48 |
The correlation between UA and ^GSPC shifts across timeframes, from 0.34 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UA vs. ^GSPC — Risk / Return Rank
UA
^GSPC
UA vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Under Armour, Inc. (UA) 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.
| UA | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.98 | -3.27 |
| Martin ratioReturn relative to average drawdown | -0.48 | 13.78 | -14.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UA | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 2.28 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.74 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.34 | 0.76 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 0.47 | -0.84 |
Drawdowns
UA vs. ^GSPC - Drawdown Comparison
The maximum UA drawdown since its inception was -91.34%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for UA and ^GSPC.
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Drawdown Indicators
| UA | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.34% | -56.78% | -34.56% |
Max Drawdown (1Y)Largest decline over 1 year | -42.86% | -9.10% | -33.76% |
Max Drawdown (3Y)Largest decline over 3 years | -60.16% | -18.90% | -41.26% |
Max Drawdown (5Y)Largest decline over 5 years | -82.50% | -25.43% | -57.07% |
Max Drawdown (10Y)Largest decline over 10 years | -89.92% | -33.92% | -56.00% |
Current DrawdownCurrent decline from peak | -88.17% | -0.33% | -87.84% |
Average DrawdownAverage peak-to-trough decline | -69.17% | -10.72% | -58.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.89% | 1.97% | +23.92% |
Volatility
UA vs. ^GSPC - Volatility Comparison
Under Armour, Inc. (UA) has a higher volatility of 22.49% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that UA'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.
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Volatility by Period
| UA | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.49% | 2.88% | +19.61% |
Volatility (6M)Calculated over the trailing 6-month period | 43.24% | 9.00% | +34.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.66% | 11.89% | +41.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.25% | 16.90% | +33.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.36% | 18.06% | +32.30% |
Frequently Asked Questions
UA and ^GSPC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UA has higher volatility (22.49%) compared to ^GSPC (2.88%). In terms of maximum drawdown, UA dropped -91.34% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs -0.23), 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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