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.
Correlation
The correlation between WFRPX and ^GSPC is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WFRPX vs. ^GSPC - Performance Comparison
Key characteristics
Returns By Period
WFRPX
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
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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.
Drawdowns
WFRPX vs. ^GSPC - Drawdown Comparison
Volatility
WFRPX vs. ^GSPC - Volatility Comparison
The current volatility for Wealthfront Risk Parity Fund Class W (WFRPX) is 0.00%, while S&P 500 (^GSPC) has a volatility of 5.79%. This indicates that WFRPX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.