Correlation
The correlation between VAL and ^GSPC is 0.34, 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.
VAL vs. ^GSPC
Compare and contrast key facts about Valaris Limited (VAL) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAL or ^GSPC.
Performance
VAL vs. ^GSPC - Performance Comparison
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Key characteristics
VAL:
-0.97
^GSPC:
0.66
VAL:
-1.45
^GSPC:
0.94
VAL:
0.83
^GSPC:
1.14
VAL:
-0.79
^GSPC:
0.60
VAL:
-1.27
^GSPC:
2.28
VAL:
39.72%
^GSPC:
5.01%
VAL:
52.11%
^GSPC:
19.77%
VAL:
-63.82%
^GSPC:
-56.78%
VAL:
-52.96%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, VAL achieves a -14.96% return, which is significantly lower than ^GSPC's 0.51% return.
VAL
-14.96%
5.82%
-18.55%
-51.40%
-14.15%
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
VAL vs. ^GSPC — Risk-Adjusted Performance Rank
VAL
^GSPC
VAL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valaris Limited (VAL) 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.
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Drawdowns
VAL vs. ^GSPC - Drawdown Comparison
The maximum VAL drawdown since its inception was -63.82%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VAL and ^GSPC.
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Volatility
VAL vs. ^GSPC - Volatility Comparison
Valaris Limited (VAL) has a higher volatility of 14.77% compared to S&P 500 (^GSPC) at 4.77%. This indicates that VAL'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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