GlossaryPerformance vs S&P

Performance vs S&P

Tier 3 · Market Sentiment · 0.5× weight

Did this stock beat just buying the index?

Definition

Compares the stock's total price return against the S&P 500 benchmark over the longest available history — 5 years where data exists, falling back to 1 year or YTD for newer listings. Sustained outperformance indicates the equity has generated alpha above the passive benchmark. Scores are capped at 6/10 for 1YR and YTD windows to reflect the shorter and statistically less significant measurement period. The question is consistent regardless of window: did shareholders get compensated for taking individual stock risk over just owning the market?

Formula
Relative Return = Stock Total Return % − S&P 500 Return % (same period)
Why It Matters

Five years of market outperformance is signal, not noise. Single-year blowouts can be luck or a favorable macro environment. Consistently beating the index over a full cycle requires a durable competitive advantage and disciplined capital allocation.

Sector Adjustments

The S&P 500 is the universal benchmark regardless of sector. The question is always the same: did shareholders get compensated for taking individual stock risk versus just owning the market?

Scoring Breakdown
10 / 10
Perfect

Outperforming S&P 500 by +20pp or more over 5 years

5 / 10
Mid

Roughly in line with the S&P 500 benchmark

0 / 10
Fail

Underperforming S&P 500 by -20pp or more

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BanterIQ · Live data via Financial Modeling Prep · Not investment advice