Correlation
The correlation between ^SIXU and SO is 0.32, 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.
^SIXU vs. SO
Compare and contrast key facts about Utilities Select Sector Index (^SIXU) and The Southern Company (SO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXU or SO.
Performance
^SIXU vs. SO - Performance Comparison
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Key characteristics
^SIXU:
0.87
SO:
1.01
^SIXU:
1.13
SO:
1.54
^SIXU:
1.15
SO:
1.19
^SIXU:
1.04
SO:
1.50
^SIXU:
3.03
SO:
3.58
^SIXU:
4.42%
SO:
5.58%
^SIXU:
17.41%
SO:
19.13%
^SIXU:
-36.56%
SO:
-38.43%
^SIXU:
-2.16%
SO:
-2.37%
Returns By Period
In the year-to-date period, ^SIXU achieves a 6.52% return, which is significantly lower than SO's 11.18% return. Over the past 10 years, ^SIXU has underperformed SO with an annualized return of 6.20%, while SO has yielded a comparatively higher 12.30% annualized return.
^SIXU
6.52%
2.26%
-2.07%
13.45%
2.48%
6.30%
6.20%
SO
11.18%
-1.23%
2.69%
19.17%
10.00%
13.89%
12.30%
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Risk-Adjusted Performance
^SIXU vs. SO — Risk-Adjusted Performance Rank
^SIXU
SO
^SIXU vs. SO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Utilities Select Sector Index (^SIXU) and The Southern Company (SO). 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
^SIXU vs. SO - Drawdown Comparison
The maximum ^SIXU drawdown since its inception was -36.56%, roughly equal to the maximum SO drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for ^SIXU and SO.
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Volatility
^SIXU vs. SO - Volatility Comparison
The current volatility for Utilities Select Sector Index (^SIXU) is 4.65%, while The Southern Company (SO) has a volatility of 6.93%. This indicates that ^SIXU experiences smaller price fluctuations and is considered to be less risky than SO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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