^SP600 vs. GNE
Compare and contrast key facts about S&P 600 (^SP600) and Genie Energy Ltd. (GNE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP600 or GNE.
Correlation
The correlation between ^SP600 and GNE is 0.33, 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.
Performance
^SP600 vs. GNE - Performance Comparison
Key characteristics
^SP600:
-0.12
GNE:
-0.04
^SP600:
-0.03
GNE:
0.15
^SP600:
1.00
GNE:
1.02
^SP600:
-0.12
GNE:
-0.02
^SP600:
-0.35
GNE:
-0.13
^SP600:
6.74%
GNE:
10.57%
^SP600:
19.67%
GNE:
30.06%
^SP600:
-59.17%
GNE:
-75.12%
^SP600:
-15.87%
GNE:
-48.86%
Returns By Period
In the year-to-date period, ^SP600 achieves a -7.71% return, which is significantly lower than GNE's -1.40% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 6.08%, while GNE has yielded a comparatively higher 8.66% annualized return.
^SP600
-7.71%
-2.37%
-6.93%
-0.63%
15.93%
6.08%
GNE
-1.40%
3.52%
-4.74%
-0.38%
20.48%
8.66%
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Risk-Adjusted Performance
^SP600 vs. GNE — Risk-Adjusted Performance Rank
^SP600
GNE
^SP600 vs. GNE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Genie Energy Ltd. (GNE). 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
^SP600 vs. GNE - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, smaller than the maximum GNE drawdown of -75.12%. Use the drawdown chart below to compare losses from any high point for ^SP600 and GNE. For additional features, visit the drawdowns tool.
Volatility
^SP600 vs. GNE - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 6.26%, while Genie Energy Ltd. (GNE) has a volatility of 11.07%. This indicates that ^SP600 experiences smaller price fluctuations and is considered to be less risky than GNE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.