^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 0.34, 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:
0.61
GNE:
-0.66
^SP600:
1.01
GNE:
-0.75
^SP600:
1.12
GNE:
0.90
^SP600:
0.75
GNE:
-0.39
^SP600:
2.62
GNE:
-1.23
^SP600:
4.39%
GNE:
16.95%
^SP600:
18.82%
GNE:
31.71%
^SP600:
-59.17%
GNE:
-75.12%
^SP600:
-6.95%
GNE:
-51.91%
Returns By Period
In the year-to-date period, ^SP600 achieves a 2.07% return, which is significantly higher than GNE's -7.27% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 7.35%, while GNE has yielded a comparatively higher 10.70% annualized return.
^SP600
2.07%
-0.33%
5.24%
9.52%
7.11%
7.35%
GNE
-7.27%
-2.19%
-9.97%
-19.92%
14.23%
10.70%
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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 4.14%, while Genie Energy Ltd. (GNE) has a volatility of 6.95%. 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.