ZECP vs. ^GSPC
ZECP (Zacks Earnings Consistent Portfolio ETF) is Large Cap Blend Equities fund actively managed by Zacks, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, ZECP returned 15.85%/yr vs 20.83%/yr for ^GSPC. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
ZECP vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ZECP achieves a 6.36% return, which is significantly lower than ^GSPC's 10.35% return.
ZECP
- 1D
- -0.48%
- 1M
- 2.51%
- YTD
- 6.36%
- 6M
- 5.67%
- 1Y
- 20.73%
- 3Y*
- 15.85%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ZECP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZECP Zacks Earnings Consistent Portfolio ETF | 6.36% | 15.03% | 17.32% | 13.88% | -13.41% | 7.75% |
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 6.24% |
Correlation
The correlation between ZECP and ^GSPC is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021 | 0.91 |
The correlation between ZECP and ^GSPC has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
ZECP vs. ^GSPC — Risk / Return Rank
ZECP
^GSPC
ZECP vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.
| ZECP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.93 | -0.43 |
| Martin ratioReturn relative to average drawdown | 11.46 | 13.52 | -2.06 |
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
| ZECP | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.24 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.47 | +0.16 |
Drawdowns
ZECP vs. ^GSPC - Drawdown Comparison
The maximum ZECP drawdown since its inception was -21.86%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ZECP and ^GSPC.
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Drawdown Indicators
| ZECP | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -56.78% | +34.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -9.10% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -18.90% | +3.43% |
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 | -0.51% | -0.74% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -10.72% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.97% | -0.16% |
Volatility
ZECP vs. ^GSPC - Volatility Comparison
The current volatility for Zacks Earnings Consistent Portfolio ETF (ZECP) is 2.14%, while S&P 500 Index (^GSPC) has a volatility of 2.93%. This indicates that ZECP 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.
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Volatility by Period
| ZECP | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 2.93% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 8.99% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 11.89% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 16.90% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 18.06% | -3.41% |
Frequently Asked Questions
ZECP and ^GSPC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (2.93%) compared to ZECP (2.14%). In terms of maximum drawdown, ZECP dropped -21.86% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.24 vs 1.98), 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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