Correlation
The correlation between WFRPX and ^GSPC is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
WFRPX vs. ^GSPC
Compare and contrast key facts about Wealthfront Risk Parity Fund Class W (WFRPX) and S&P 500 (^GSPC).
WFRPX is managed by Wealthfront. It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WFRPX or ^GSPC.
Performance
WFRPX vs. ^GSPC - Performance Comparison
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Key characteristics
Returns By Period
WFRPX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
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Risk-Adjusted Performance
WFRPX vs. ^GSPC — Risk-Adjusted Performance Rank
WFRPX
^GSPC
WFRPX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthfront Risk Parity Fund Class W (WFRPX) 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
WFRPX vs. ^GSPC - Drawdown Comparison
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Volatility
WFRPX vs. ^GSPC - Volatility Comparison
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