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Relative Intelligence · Automobiles

How Ferrari (RACE) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on RACE alone. It places RACE (Ferrari N.V.) against 17 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where RACE stands in the market, and of the alternatives worth a closer look.

Period covered: RACE's full trading record, from October 2015 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against RACE →Chart RACE vs. 17 alternatives →
On this page12 sections

Key findings

How much would $10,000 in RACE have grown?

This chart tracks a hypothetical $10,000 investment in RACE over the past 10 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of RACE over the same span and RACE's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: RACE began trading on October 21, 2015, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or two other sell-offs. It covers the most recent 10 years of RACE's record, starting at the end of September 2016.

Choose a period

From the end of September 2016 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 184 of the 2,697 stocks and funds worth at least $500 million that traded the whole period ended ahead of RACE; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$20,000$50,000$100,000$200,000201620182020202220242026$10,000$100,0002016201920222025
  • TSLA$260,889+2,509% total · +38.6% a year
  • LLY$168,620+1,586% total · +32.6% a year
  • AAPL$128,826+1,188% total · +29.1% a year
  • XLK$90,753+808% total · +24.7% a year
  • PGR$86,883+769% total · +24.1% a year
  • RACE$81,004+710% total · +23.3% a year
  • RL$42,558+326% total · +15.6% a year
  • SPY (S&P 500)$41,286+313% total · +15.2% a year
  • TPR$41,174+312% total · +15.2% a year
  • GM$29,245+192% total · +11.3% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 833 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of RACE; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • GTX$36,407+264% total · +29.5% a year
  • TPR$35,288+253% total · +28.7% a year
  • RL$35,246+252% total · +28.7% a year
  • ALSN$34,562+246% total · +28.2% a year
  • NEU$29,325+193% total · +24.0% a year
  • GILD$25,496+155% total · +20.6% a year
  • AMGN$23,160+132% total · +18.3% a year
  • RACE$19,540+95.4% total · +14.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • TSLA$13,726+37.3% total · +6.5% a year
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RACE at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: RACE began trading on October 21, 2015, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or two other sell-offs.

The company

Market value
$70B
Industry
Auto - Manufacturers
Price history from
October 2015

Returns

Past 1 year
+1.6%total return
Past 3 years
+36.1%+10.8% a year
Past 5 years
+86.6%+13.3% a year
Past 10 years
+711%+23.3% a year
Best calendar year
+80.3%2017
Worst calendar year
−16.7%2022
Losing years
3 of 10full calendar years

Risk

Volatility
30.0%typical yearly swing, 5 years
Sharpe ratio
0.57return per unit of risk, 5 years
Worst decline ever
−43.6%Oct 2015 to Feb 2016
From its all-time high
−21.8%below the peak

RACE against the whole market

Where RACE ranks among every stock and fund, and what across the market has done better.

How does RACE rank among all stocks?

This section ranks RACE on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how RACE stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureRACERankStanding
1-year return+1.6%1,923 of 3,287bottom 42%
3-year return+36.1%1,756 of 3,017bottom 43%
5-year return+86.6%774 of 2,893top 27%
10-year return+711%186 of 2,202top 8%
Volatility, 5 years30.0%726 of 2,893top 25%
Sharpe ratio, 5 years0.57745 of 2,893top 26%
Worst decline, past 10 years−39.2%135 of 2,187top 6%

What has beaten RACE on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). RACE sits where the dashed lines cross. Anything in the green box above and to the left earned more than RACE with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to RACE; faint dots are 92 more of the 185 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than RACEMNST: +17.2% a year, volatility 24.9%MSI: +14.8% a year, volatility 23.6%FAST: +15.8% a year, volatility 24.6%RY: +17.3% a year, volatility 18.2%IOO: +15.7% a year, volatility 17.2%ACT: +20.5% a year, volatility 24.3%AAPL: +18.5% a year, volatility 28.0%RSPT: +16.9% a year, volatility 25.1%GARP: +17.5% a year, volatility 22.5%SPUS: +15.0% a year, volatility 19.5%CHCO: +15.9% a year, volatility 22.8%XOM: +27.1% a year, volatility 26.5%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%KO: +14.7% a year, volatility 16.8%CVX: +19.5% a year, volatility 25.2%NXTG: +16.2% a year, volatility 19.1%QQQ: +14.5% a year, volatility 23.0%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%SHEL: +21.0% a year, volatility 24.8%MCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%WELL: +26.0% a year, volatility 23.8%WMT: +20.8% a year, volatility 22.6%TD: +15.8% a year, volatility 20.0%TTE: +18.0% a year, volatility 25.8%MO: +17.8% a year, volatility 21.4%TRV: +22.4% a year, volatility 22.3%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%LVHI: +17.0% a year, volatility 11.1%GWW: +26.3% a year, volatility 24.9%COST: +17.4% a year, volatility 22.9%HLT: +21.0% a year, volatility 26.8%CTAS: +16.5% a year, volatility 23.1%WAB: +25.6% a year, volatility 26.2%NVS: +17.1% a year, volatility 20.7%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%XLE: +22.6% a year, volatility 25.5%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%SDCI: +20.6% a year, volatility 18.4%GLD: +17.7% a year, volatility 18.9%KOF: +22.3% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%RS: +24.8% a year, volatility 28.1%PVAL: +16.1% a year, volatility 15.1%WES: +23.5% a year, volatility 27.6%PKG: +15.4% a year, volatility 25.8%RGA: +19.7% a year, volatility 27.3%RNR: +20.1% a year, volatility 27.8%EWT: +20.4% a year, volatility 24.2%ARMK: +17.9% a year, volatility 28.5%EHC: +18.4% a year, volatility 26.8%VLUE: +15.9% a year, volatility 18.4%PSO: +18.5% a year, volatility 27.9%MSGS: +18.4% a year, volatility 25.6%WTS: +15.3% a year, volatility 28.4%PAGP: +26.8% a year, volatility 26.1%THG: +14.4% a year, volatility 22.9%NHC: +32.0% a year, volatility 28.5%FLTW: +21.8% a year, volatility 24.3%ATO: +14.9% a year, volatility 18.4%DFIV: +14.8% a year, volatility 16.4%PSMT: +18.6% a year, volatility 28.2%CNO: +18.8% a year, volatility 28.1%IXC: +20.7% a year, volatility 23.2%NI: +15.1% a year, volatility 20.3%DTM: +24.5% a year, volatility 25.2%SRCE: +15.1% a year, volatility 27.0%IUS: +14.7% a year, volatility 14.9%RBCAA: +14.8% a year, volatility 27.9%VFMF: +14.3% a year, volatility 17.6%CTBI: +16.0% a year, volatility 26.0%CRAK: +19.8% a year, volatility 20.9%GSG: +15.3% a year, volatility 22.9%ATMP: +21.2% a year, volatility 21.5%NPK: +16.3% a year, volatility 27.3%NANR: +17.4% a year, volatility 22.6%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%TRST: +15.5% a year, volatility 26.8%THFF: +15.9% a year, volatility 26.2%RSPG: +21.6% a year, volatility 27.4%SMBK: +15.2% a year, volatility 28.4%RCBC: +14.6% a year, volatility 27.2%FLBR: +16.0% a year, volatility 27.7%FFLC: +15.7% a year, volatility 16.8%RACE: +13.3% a year, volatility 30.0%SPY (S&P 500): +12.7% a year, volatility 17.1%NEU: +21.0% a year, volatility 26.8%GTX: +27.0% a year, volatility 41.4%ALSN: +27.3% a year, volatility 29.9%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%XLK: +19.4% a year, volatility 26.0%COR: +24.2% a year, volatility 22.8%SPMO: +18.7% a year, volatility 20.8%PGR: +21.3% a year, volatility 25.6%LLY: +40.7% a year, volatility 32.8%RSG: +13.9% a year, volatility 18.5%CAH: +42.1% a year, volatility 24.7%RACESPY (S&P 500)NEUGTXALSNAMGNGILDCORSPMOPGRLLYCAH0.0%10.0%20.0%30.0%40.0%50.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than RACEMNST: +17.2% a year, volatility 24.9%MSI: +14.8% a year, volatility 23.6%FAST: +15.8% a year, volatility 24.6%RY: +17.3% a year, volatility 18.2%IOO: +15.7% a year, volatility 17.2%ACT: +20.5% a year, volatility 24.3%AAPL: +18.5% a year, volatility 28.0%RSPT: +16.9% a year, volatility 25.1%GARP: +17.5% a year, volatility 22.5%SPUS: +15.0% a year, volatility 19.5%CHCO: +15.9% a year, volatility 22.8%XOM: +27.1% a year, volatility 26.5%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%KO: +14.7% a year, volatility 16.8%CVX: +19.5% a year, volatility 25.2%NXTG: +16.2% a year, volatility 19.1%QQQ: +14.5% a year, volatility 23.0%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%SHEL: +21.0% a year, volatility 24.8%MCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%WELL: +26.0% a year, volatility 23.8%WMT: +20.8% a year, volatility 22.6%TD: +15.8% a year, volatility 20.0%TTE: +18.0% a year, volatility 25.8%MO: +17.8% a year, volatility 21.4%TRV: +22.4% a year, volatility 22.3%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%LVHI: +17.0% a year, volatility 11.1%GWW: +26.3% a year, volatility 24.9%COST: +17.4% a year, volatility 22.9%HLT: +21.0% a year, volatility 26.8%CTAS: +16.5% a year, volatility 23.1%WAB: +25.6% a year, volatility 26.2%NVS: +17.1% a year, volatility 20.7%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%XLE: +22.6% a year, volatility 25.5%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%SDCI: +20.6% a year, volatility 18.4%GLD: +17.7% a year, volatility 18.9%KOF: +22.3% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%RS: +24.8% a year, volatility 28.1%PVAL: +16.1% a year, volatility 15.1%WES: +23.5% a year, volatility 27.6%PKG: +15.4% a year, volatility 25.8%RGA: +19.7% a year, volatility 27.3%RNR: +20.1% a year, volatility 27.8%EWT: +20.4% a year, volatility 24.2%ARMK: +17.9% a year, volatility 28.5%EHC: +18.4% a year, volatility 26.8%VLUE: +15.9% a year, volatility 18.4%PSO: +18.5% a year, volatility 27.9%MSGS: +18.4% a year, volatility 25.6%WTS: +15.3% a year, volatility 28.4%PAGP: +26.8% a year, volatility 26.1%THG: +14.4% a year, volatility 22.9%NHC: +32.0% a year, volatility 28.5%FLTW: +21.8% a year, volatility 24.3%ATO: +14.9% a year, volatility 18.4%DFIV: +14.8% a year, volatility 16.4%PSMT: +18.6% a year, volatility 28.2%CNO: +18.8% a year, volatility 28.1%IXC: +20.7% a year, volatility 23.2%NI: +15.1% a year, volatility 20.3%DTM: +24.5% a year, volatility 25.2%SRCE: +15.1% a year, volatility 27.0%IUS: +14.7% a year, volatility 14.9%RBCAA: +14.8% a year, volatility 27.9%VFMF: +14.3% a year, volatility 17.6%CTBI: +16.0% a year, volatility 26.0%CRAK: +19.8% a year, volatility 20.9%GSG: +15.3% a year, volatility 22.9%ATMP: +21.2% a year, volatility 21.5%NPK: +16.3% a year, volatility 27.3%NANR: +17.4% a year, volatility 22.6%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%TRST: +15.5% a year, volatility 26.8%THFF: +15.9% a year, volatility 26.2%RSPG: +21.6% a year, volatility 27.4%SMBK: +15.2% a year, volatility 28.4%RCBC: +14.6% a year, volatility 27.2%FLBR: +16.0% a year, volatility 27.7%FFLC: +15.7% a year, volatility 16.8%RACE: +13.3% a year, volatility 30.0%SPY (S&P 500): +12.7% a year, volatility 17.1%NEU: +21.0% a year, volatility 26.8%GTX: +27.0% a year, volatility 41.4%ALSN: +27.3% a year, volatility 29.9%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%XLK: +19.4% a year, volatility 26.0%COR: +24.2% a year, volatility 22.8%SPMO: +18.7% a year, volatility 20.8%PGR: +21.3% a year, volatility 25.6%LLY: +40.7% a year, volatility 32.8%RSG: +13.9% a year, volatility 18.5%CAH: +42.1% a year, volatility 24.7%RACESPY (S&P 500)NEUGTXALSNAMGNGILDCORLLYRSGCAH
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than RACE?

Investments that beat RACE over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat RACE over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks RACE's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than RACE follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than RACE's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× RACE's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than RACE's.

Screen the whole market against RACE for any period in BetterThanSPYOpen these 12 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with RACE?lower diversifies moreExpenseper year
RACEFerrari N.V. · this page
+13.3%30.0%0.57−39.2%+711%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.480.09%
Same and neighboring categories, and shared themesbest 3 shownEverything else in Automobiles and the categories next to it (Auto Parts, Specialty Chemicals), plus RACE's specific themes. 3 of 25 passed at least one test.
NEUNewMarket Corporation · Specialty Chemicals
Higher return, lower volatilityHigher return in most periods+21.0%26.8%0.85−40.7%+165%0.46—
GTXGarrett Motion Inc. · Auto Parts
Higher return in most periods+27.0%41.4%0.78−93.1%—-0.07—
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Higher return, similar volatility+27.3%29.9%0.96−48.7%+367%0.35—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 560 of 3,593 passed at least one test.
AMGNAmgen Inc. · Biotechnology
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.6%24.9%0.85−24.9%+266%0.05—
GILDGilead Sciences, Inc. · Biotechnology
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+22.8%24.9%0.95−30.5%+200%-0.03—
XLKState Street Technology Select Sector SPDR ETF · Technology Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.4%26.0%0.82−33.6%+767%0.370.08%
CORCencora, Inc. · Health Care Distribution
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+24.2%22.8%1.07−32.4%+406%0.25—
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.7%20.8%0.93−30.9%+499%0.370.13%
PGRThe Progressive Corporation · Property & Casualty Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+21.3%25.6%0.89−30.3%+816%0.39—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%0.30—
RSGRepublic Services, Inc. · Environmental Services
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+13.9%18.5%0.80−34.0%+446%0.55—
What these numbers mean for RACE
Annual return
RACE returned 13.3% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $18,700. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
RACE's volatility over the past 5 years was 30.0%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, RACE's return lands within 30.0% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
RACE's Sharpe ratio over the past 5 years was 0.57, against 0.79 for the S&P 500, so RACE earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
RACE's worst fall from a peak to a low over the past 10 years was 39.2%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 39.2% fall takes a 64.5% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, RACE's monthly returns had a correlation of 0.48 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against RACE instead: the lower it is, the more that option would diversify a RACE holding. Guide: Correlation and diversification →
Show all 185 stocks and funds worth at least $500 million that earned more than RACE with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with RACEExpense
1
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.05—
2
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%-0.03—
3
XLKState Street Technology Select Sector SPDR ETF · Technology Equity
Whole market+19.4%26.0%0.82−33.6%+767%0.370.08%
4
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.25—
5
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.26—
6
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.56—
7
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.43—
8
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.370.13%
9
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.31—
10
IOOiShares Global 100 ETF · Global Equity
Whole market+15.7%17.2%0.94−31.4%+361%0.430.40%
11
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.23—
12
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.31—
13
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.37—
14
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.390.40%
15
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.39—
16
GARPiShares MSCI USA Quality GARP ETF · Broad Market
Whole market+17.5%22.5%0.83−31.4%—0.460.15%
17
SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF · Technology
Whole market+15.0%19.5%0.82−30.8%—0.460.45%
18
CHCOCity Holding Company · Banks - Regional
Whole market+15.9%22.8%0.77−32.3%+286%0.12—
19
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%-0.05—
20
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.21—
21
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.310.48%
22
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.31—
23
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%-0.05—
24
NXTGFirst Trust Indxx NextG ETF · Technology
Whole market+16.2%19.1%0.89−33.6%+330%0.380.70%
25
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.430.18%
26
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.23—
27
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+374%0.11—
28
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%-0.05—
29
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.13—
30
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%0.15—
31
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.44—
32
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.33—
33
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.23—
34
TTETotalEnergies SE · Integrated Oil & Gas
Whole market+18.0%25.8%0.78−59.6%+234%-0.05—
35
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%0.26—
36
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.26—
37
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.04—
38
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.23—
39
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.380.40%
40
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.45—
41
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.49—
42
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.41—
43
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+808%0.48—
44
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+264%0.41—
45
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.33—
46
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.37—
47
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+356%0.16—
48
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.000.08%
49
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.27—
50
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.38—
51
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—-0.180.80%
52
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.130.40%
53
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.24—
54
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.20—
55
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.4%26.6%0.86−59.3%+383%0.32—
56
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.12—
57
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.26—
58
PVALPutnam Focused Large Cap Value ETF · US Large-Cap Value
Whole market+16.1%15.1%1.07−41.3%—0.410.56%
59
WESWestern Midstream Partners, LP · Oil & Gas Midstream
Whole market+23.5%27.6%0.91−91.9%+128%0.14—
60
PKGPackaging Corporation of America · Packaging
Whole market+15.4%25.8%0.69−38.2%+294%0.37—
61
RGAReinsurance Group of America, Incorporated · Insurance
Whole market+19.7%27.3%0.80−65.8%+199%0.06—
62
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.1%27.8%0.80−40.7%+215%0.16—
63
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.340.59%
64
ARMKAramark · Food Services
Whole market+17.9%28.5%0.72−72.3%+137%0.33—
65
EHCEncompass Health Corporation · Health Care Facilities
Whole market+18.4%26.8%0.77−39.5%+340%0.40—
66
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+15.9%18.4%0.90−39.5%+286%0.260.15%
67
PSOPearson plc · Education Services
Whole market+18.5%27.9%0.75−58.4%+155%0.13—
68
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%0.12—
69
WTSWatts Water Technologies, Inc. · Industrial Machinery
Whole market+15.3%28.4%0.65−44.1%+539%0.44—
70
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Whole market+26.8%26.1%1.05−88.0%+56.3%0.11—
71
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Whole market+14.4%22.9%0.70−40.1%+291%0.18—
72
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.18—
73
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.310.19%
74
ATOAtmos Energy Corporation · Gas Utilities
Whole market+14.9%18.4%0.85−32.9%+194%0.36—
75
DFIVDimensional - International Value ETF · International Equity
Whole market+14.8%16.4%0.93−25.4%—0.380.27%
76
PSMTPriceSmart, Inc. · Discount Retail
Whole market+18.6%28.2%0.75−53.2%+124%0.25—
77
CNOCNO Financial Group, Inc. · Life Insurance
Whole market+18.8%28.1%0.76−63.8%+342%0.23—
78
IXCiShares Global Energy ETF · International
Whole market+20.7%23.2%0.93−64.2%+183%0.000.37%
79
NINiSource Inc · Gas Utilities
Whole market+15.1%20.3%0.80−30.9%+158%0.19—
80
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.21—
81
NEUNewMarket Corporation · Specialty Chemicals
Same or nearby category+21.0%26.8%0.85−40.7%+165%0.46—
82
SRCE1st Source Corporation · Banks - Regional
Whole market+15.1%27.0%0.66−51.7%+210%0.05—
83
IUSInvesco RAFI Strategic US ETF · Broad Market
Whole market+14.7%14.9%1.00−34.7%—0.440.19%
84
RBCAARepublic Bancorp, Inc. · Banks - Regional
Whole market+14.8%27.9%0.64−44.7%+318%0.09—
85
VFMFVanguard U.S. Multifactor ETF · Broad Market
Whole market+14.3%17.6%0.85−41.3%—0.410.18%
86
CTBICommunity Trust Bancorp, Inc. · Banks - Regional
Whole market+16.0%26.0%0.70−43.0%+192%0.06—
87
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.070.61%
88
GSGiShares S&P GSCI Commodity-Indexed Trust · Commodities
Whole market+15.3%22.9%0.74−57.6%+144%-0.270.75%
89
ATMPBarclays ETN+ Select MLP ETN · Broad Market
Whole market+21.2%21.5%1.01−70.3%+172%0.240.95%
90
NPKNational Presto Industries, Inc. · Aerospace & Defense
Whole market+16.3%27.3%0.69−45.5%+181%0.16—
91
NANRState Street SPDR S&P North American Natural Resources ETF · Broad Market
Whole market+17.4%22.6%0.83−49.1%+241%0.160.35%
92
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.390.50%
93
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.18—
94
TRSTTrustCo Bank Corp NY · Banks - Regional
Whole market+15.5%26.8%0.68−49.5%+126%0.05—
95
THFFFirst Financial Corporation · Banks - Regional
Whole market+15.9%26.2%0.69−42.8%+161%0.04—
96
RSPGInvesco S&P 500 Equal Weight Energy ETF · Energy
Whole market+21.6%27.4%0.85−73.2%+158%0.030.40%
97
SMBKSmartFinancial, Inc. · Banks - Regional
Whole market+15.2%28.4%0.64−56.4%+226%0.07—
98
RCBCRiver City Bank · Banks - Regional
Whole market+14.6%27.2%0.64−45.5%+345%0.09—
99
FLBRFranklin FTSE Brazil ETF · International
Whole market+16.0%27.7%0.68−57.4%—0.160.19%
100
FFLCFidelity Fundamental Large Cap Core ETF · Broad Market
Whole market+15.7%16.8%0.95−19.7%—0.410.38%

RACE against its popular alternatives

The investments people most often weigh against RACE, compared period by period and year by year.

How do RACE's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at RACE, which divides the map into what did better or worse on each measure.

Green points earned more than RACE with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

0.0%20.0%40.0%60.0%80.0%100%120%140%160%−60.0%−40.0%−20.0%0.0%20.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityRACE: 13.3% a year, volatility 30.0%SPY (S&P 500): 12.7% a year, volatility 17.1%TSLA: 5.3% a year, volatility 60.0%GM: 6.9% a year, volatility 36.7%F: 0.6% a year, volatility 39.2%CPRI: −20.4% a year, volatility 59.4%LI: −17.5% a year, volatility 62.1%STLA: −21.2% a year, volatility 42.6%FOXF: −36.6% a year, volatility 52.2%LCID: −57.7% a year, volatility 84.2%NIO: −38.8% a year, volatility 70.9%VFS: −21.7% a year, volatility 147%XPEV: −25.4% a year, volatility 77.8%RL: 28.6% a year, volatility 36.9%TPR: 28.1% a year, volatility 40.8%HMC: 6.1% a year, volatility 27.5%TM: 5.0% a year, volatility 27.0%RACESPY (S&P 500)TSLAGMFCPRILISTLAFOXFLCIDNIOVFSXPEVRLHMCTM0.0%50.0%100%150%−60.0%−40.0%−20.0%0.0%20.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityRACE: 13.3% a year, volatility 30.0%SPY (S&P 500): 12.7% a year, volatility 17.1%TSLA: 5.3% a year, volatility 60.0%GM: 6.9% a year, volatility 36.7%F: 0.6% a year, volatility 39.2%CPRI: −20.4% a year, volatility 59.4%LI: −17.5% a year, volatility 62.1%STLA: −21.2% a year, volatility 42.6%FOXF: −36.6% a year, volatility 52.2%LCID: −57.7% a year, volatility 84.2%NIO: −38.8% a year, volatility 70.9%VFS: −21.7% a year, volatility 147%XPEV: −25.4% a year, volatility 77.8%RL: 28.6% a year, volatility 36.9%TPR: 28.1% a year, volatility 40.8%HMC: 6.1% a year, volatility 27.5%TM: 5.0% a year, volatility 27.0%RACESPY (S&P 500)TSLAGMFCPRILISTLAFOXFLCIDNIOVFSXPEVRLTPRHMCTM
All figures
InvestmentAnnual returnVolatility
RL Ralph Lauren Corporation+28.6%36.9%
TPR Tapestry, Inc.+28.1%40.8%
RACE This pageFerrari N.V.+13.3%30.0%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
GM General Motors Company+6.9%36.7%
HMC Honda Motor Co., Ltd.+6.1%27.5%
TSLA Tesla, Inc.+5.3%60.0%
TM Toyota Motor Corporation+5.0%27.0%
F Ford Motor Company+0.6%39.2%
LI Li Auto Inc.−17.5%62.1%
CPRI Capri Holdings Limited−20.4%59.4%
STLA Stellantis N.V.−21.2%42.6%
VFS VinFast Auto Ltd.−21.7%147%
XPEV XPeng Inc.−25.4%77.8%
FOXF Fox Factory Holding Corp.−36.6%52.2%
NIO NIO Inc.−38.8%70.9%
LCID Lucid Group, Inc.−57.7%84.2%
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Has RACE consistently beaten its popular alternatives?

This section compares RACE with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than RACE helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than RACE over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
RACE Ferrari N.V. (this page)—−3.8%+7.7%+8.6%+8.9%+1.6%+36.1%+86.6%+711%30.0%0.57−39.2%—$70B—
RL Apparel - ManufacturersRalph Lauren Corporation2/5 short2/3 long+11.7%+0.8%−2.3%+5.2%+14.8%+241%+251%+370%36.9%0.87−55.1%—$23B—
TPR Luxury GoodsTapestry, Inc.2/5 short2/3 long+3.9%−16.4%−23.0%−8.1%+2.3%+346%+245%+328%40.8%0.82−78.9%—$23B—
TSLA Auto - ManufacturersTesla, Inc.1/5 short2/3 long−0.4%+1.1%−4.8%−14.7%−16.5%+76.3%+29.5%+2,716%60.0%0.39−73.6%—$1.5T—
GM Auto - ManufacturersGeneral Motors Company1/5 short1/3 long−8.2%+1.9%−3.9%−4.2%+34.0%+168%+39.5%+193%36.7%0.36−59.9%—$68B—
HMC Auto - ManufacturersHonda Motor Co., Ltd.5/5 short0/3 long+5.3%+21.6%+35.1%+17.4%+12.4%+17.7%+34.5%+63.3%27.5%0.35−42.0%—$44B—
ZGN Apparel - ManufacturersErmenegildo Zegna N.V.3/5 short0/3 long+2.8%−8.5%+4.5%+23.7%+22.7%+9.7%————−61.0%—$3.4B—
TM Auto - ManufacturersToyota Motor Corporation2/5 short0/3 long+3.8%+12.0%−7.1%−6.8%+1.5%+24.1%+27.8%+129%27.0%0.32−36.8%—$234B—
F Auto - ManufacturersFord Motor Company1/5 short0/3 long−7.8%−12.2%−3.5%−5.9%+6.0%+25.9%+3.0%+71.8%39.2%0.21−64.7%—$48B—
CPRI Apparel - Footwear & AccessoriesCapri Holdings Limited1/5 short0/3 long+15.4%+3.6%−22.4%−32.3%−23.0%−67.7%−68.1%−66.7%59.4%-0.08−90.0%—$1.9B—
LI Auto - ManufacturersLi Auto Inc.1/5 short0/3 long+3.6%−3.6%−36.2%−30.8%−47.0%−62.6%−61.8%—62.1%0.00−77.1%—$12B—
STLA Auto - ManufacturersStellantis N.V.0/5 short0/3 long−10.0%−24.7%−50.2%−62.1%−59.5%−73.3%−69.7%+39.2%42.6%-0.35−83.1%—$13B—
FOXF Auto - PartsFox Factory Holding Corp.0/5 short0/3 long−17.8%−17.3%−13.6%−12.8%−33.9%−82.3%−89.8%−30.5%52.2%-0.61−93.0%—$637M—
LCID Auto - ManufacturersLucid Group, Inc.0/5 short0/3 long−24.0%−54.0%−51.6%−70.7%−83.6%−92.4%−98.7%—84.2%-0.62−99.5%—$1.0B—
NIO Auto - ManufacturersNIO Inc.0/5 short0/3 long−6.5%−28.7%−48.5%−33.3%−51.4%−54.7%−91.4%—70.9%-0.34−95.0%—$8.3B—
RIVN Auto - ManufacturersRivian Automotive, Inc.0/5 short0/3 long−19.1%−27.9%−26.5%−36.0%−5.0%−25.7%————−95.1%—$18B—
VFS Auto - ManufacturersVinFast Auto Ltd.0/5 short0/3 long−15.1%−8.0%−34.0%−15.1%−12.5%−46.7%−70.6%—147%0.26−97.1%—$6.7B—
XPEV Auto - ManufacturersXPeng Inc.0/5 short0/3 long−5.3%−24.9%−44.3%−51.5%−53.8%−26.2%−76.9%—77.8%0.00−91.1%—$9.4B—
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How did RACE do year by year?

This table shows each investment's total return in every full calendar year since 2016, along with where RACE ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with RACE and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: RACE began trading on October 21, 2015, so the table starts with 2016, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or two other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of RACE; gray means the two finished within a fraction of a point. The rank row places RACE among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of RACE2025202420232022202120202019201820172016
RACE This pageFerrari N.V.—−12.3%+26.3%+59.1%−16.7%+13.3%+39.7%+67.9%−4.5%+80.3%+22.7%
Rank among alternativesTop quarter in 5 of 1014 of 185 of 184 of 187 of 1812 of 154 of 121 of 124 of 112 of 112 of 11
SPY S&P 500State Street SPDR S&P 500 ETF2 of 10+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%
RL Ralph Lauren Corporation5 of 10+55.0%+62.8%+39.8%−8.4%+16.7%−10.6%+16.1%+1.8%+17.5%−17.2%
TPR Tapestry, Inc.4 of 10+98.7%+82.8%+0.1%−3.3%+32.3%+16.8%−15.9%−21.4%+30.5%+10.8%
TSLA Tesla, Inc.6 of 10+11.4%+62.5%+102%−65.0%+49.8%+743%+25.7%+6.9%+45.7%−10.9%
GM General Motors Company3 of 10+54.2%+49.8%+8.0%−42.4%+40.8%+15.2%+14.0%−15.0%+22.5%+7.4%
HMC Honda Motor Co., Ltd.1 of 10+7.7%−3.8%+39.8%−16.6%+4.0%+2.9%+11.0%−19.8%+20.2%−5.8%
ZGN Ermenegildo Zegna N.V.2 of 4+26.1%−27.8%+12.3%+0.7%——————
TM Toyota Motor Corporation2 of 10+13.8%+8.8%+38.2%−24.4%+23.2%+13.6%+24.9%−5.8%+12.1%−1.5%
F Ford Motor Company2 of 10+42.3%−13.1%+15.9%−42.2%+137%−3.9%+29.7%−34.4%+8.8%−8.0%
CPRI Capri Holdings Limited3 of 10+15.9%−58.1%−12.3%−11.7%+54.5%+10.1%+0.6%−39.8%+46.5%+7.3%
LI Li Auto Inc.1 of 5−29.4%−35.9%+83.5%−36.4%+11.3%—————
STLA Stellantis N.V.4 of 10−9.2%−40.2%+79.0%−18.2%+21.9%+35.0%+17.8%−18.9%+95.3%−0.4%
FOXF Fox Factory Holding Corp.4 of 10−43.5%−55.1%−26.0%−46.4%+60.9%+51.9%+18.2%+51.5%+40.0%+67.9%
LCID Lucid Group, Inc.1 of 5−65.0%−28.3%−38.4%−82.0%+280%—————
NIO NIO Inc.2 of 7+17.0%−51.9%−7.0%−69.2%−35.0%+1,112%−36.9%———
RIVN Rivian Automotive, Inc.1 of 4+48.2%−43.3%+27.3%−82.2%——————
VFS VinFast Auto Ltd.1 of 4−17.1%−51.8%−16.3%+3.2%——————
XPEV XPeng Inc.2 of 5+71.6%−19.0%+46.8%−80.3%+17.5%—————
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Risk and diversification

How RACE has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were RACE's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents RACE's five deepest drawdowns since it began trading in 2015, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: RACE began trading on October 21, 2015, so this list cannot include the dot-com bust, the 2008 financial crisis or two other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means RACE fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringRACE fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2015 China and oil sell-off−43.6%−10.4%Oct 2015Feb 20164 monthsDec 201610 months
No named crash−39.2%+2.7%Jul 2025Mar 20268 monthsNot yet—
2022 bear market−38.3%−19.5%Nov 2021Jun 20227 monthsApr 202310 months
Late-2018 sell-off−35.7%−14.7%Jun 2018Dec 20186 monthsJun 20196 months
Covid crash−27.8%−29.1%Feb 2020Mar 20201 monthJul 20204 months

How did RACE do in stock market crashes?

This section measures how far RACE, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: RACE began trading on October 21, 2015, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or three other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than RACE.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
RACE This pageFerrari N.V.—−3.6%−36.9%−27.8%−31.8%−5.9%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF2 of 5−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
RL Ralph Lauren Corporation1 of 5−4.8%−36.5%−46.3%−30.1%−7.7%−39.1%−18.1%−3.0%−58.2%−43.5%
TPR Tapestry, Inc.2 of 5−4.6%−35.9%−62.8%−35.3%−2.5%−16.1%−31.2%−2.1%−74.1%—
TSLA Tesla, Inc.1 of 5−5.0%−45.4%−60.6%−21.6%−10.0%−45.6%−25.1%———
GM General Motors Company2 of 5−10.1%−53.0%−51.8%−14.9%−3.9%−25.5%−34.4%———
HMC Honda Motor Co., Ltd.3 of 5−3.1%−29.9%−27.3%−16.8%−4.9%−29.4%−29.7%−0.9%−50.5%−40.4%
ZGN Ermenegildo Zegna N.V.2 of 2−3.0%−15.6%————————
TM Toyota Motor Corporation4 of 5−1.9%−36.8%−22.0%−11.1%−3.4%−18.7%−21.2%−0.3%−48.9%−56.4%
F Ford Motor Company2 of 5−7.3%−55.6%−50.0%−21.1%−4.5%−25.7%−29.6%−2.4%−86.3%−75.5%
CPRI Capri Holdings Limited0 of 5−11.7%−47.3%−73.9%−50.4%−9.5%−21.6%————
LI Li Auto Inc.0 of 2−4.1%−53.4%————————
STLA Stellantis N.V.1 of 5−6.2%−42.6%−52.2%−22.4%−5.8%−45.9%−52.2%—−86.9%—
FOXF Fox Factory Holding Corp.2 of 5−4.6%−58.0%−38.2%−29.5%−3.7%−27.0%————
LCID Lucid Group, Inc.0 of 2−6.0%−72.5%————————
NIO NIO Inc.1 of 4−7.3%−59.9%−46.1%−31.3%——————
RIVN Rivian Automotive, Inc.0 of 2−9.3%−79.7%————————
VFS VinFast Auto Ltd.2 of 2−0.3%−1.3%————————
XPEV XPeng Inc.0 of 2−3.1%−81.1%————————
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How closely does RACE move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares RACE with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than RACE's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
RACE This pageFerrari N.V.101%56%1.790.92
TSLA Tesla, Inc.182%129%1.401.91
RL Ralph Lauren Corporation116%128%0.911.40
TPR Tapestry, Inc.119%136%0.881.46
TM Toyota Motor Corporation62%72%0.860.56
GM General Motors Company107%135%0.791.31
HMC Honda Motor Co., Ltd.51%71%0.710.62
F Ford Motor Company105%167%0.631.51
STLA Stellantis N.V.124%215%0.581.61
FOXF Fox Factory Holding Corp.116%236%0.491.62
CPRI Capri Holdings Limited103%273%0.381.92
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What diversifies RACE?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with RACE's. Because such investments tend not to fall at the same time, pairing RACE with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which RACE lost money. The last two columns show a portfolio that is 80% RACE and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20252022201880/20 mix volatility80/20 mix annual return
RACE Ferrari N.V. (this page)1.00+86.6%0.57−12.3%−16.7%−4.5%29.8%+14.3%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.38+119%1.48+27.1%+3.8%−5.2%24.6%+15.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.31+225%1.34+32.8%+6.0%−19.8%24.8%+17.5%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.29+101%1.04+9.7%+10.4%−8.7%24.9%+15.3%
HDV Dividend & IncomeiShares Core High Dividend ETF0.31+83.3%1.00+11.9%+7.1%−3.0%24.9%+14.6%
SMH TechnologyVanEck Semiconductor ETF0.35+323%0.97+49.2%−33.5%−9.1%27.1%+19.9%
GLD CommoditiesSPDR Gold Shares0.13+126%0.96+63.7%−0.8%−1.9%24.5%+16.0%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.37+136%0.93+26.6%−10.4%−0.9%25.7%+16.5%
XLE EnergyState Street Energy Select Sector SPDR ETF0.00+177%0.93+7.9%+64.4%−18.2%24.4%+17.4%

Stocks

InvestmentCorrelation5Y returnSharpe20252022201880/20 mix volatility80/20 mix annual return
RACE Ferrari N.V. (this page)1.00+86.6%0.57−12.3%−16.7%−4.5%29.8%+14.3%
CAH Medical - DistributionCardinal Health, Inc.0.23+479%1.55+76.3%+54.1%−24.5%25.6%+19.8%
CLS Hardware, Equipment & PartsCelestica Inc.0.04+3,143%1.47+220%+1.3%−16.3%27.0%+33.2%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.29+1,636%1.46+121%+17.0%+0.8%27.8%+28.5%
MCK Medical - DistributionMcKesson Corporation0.13+413%1.44+44.5%+51.8%−28.4%25.0%+19.3%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.10+690%1.41+19.2%+86.6%−8.2%25.3%+22.1%
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Common questions

What was RACE's worst drawdown?

RACE's deepest decline since it began trading in 2015 was 43.6%, from October 2015 to February 2016. It took ten months from the low to climb back to its old high. Because RACE launched in October 2015, that record does not include the dot-com bust, the 2008 financial crisis or two other sell-offs.

What were RACE's best and worst years?

Over ten full calendar years, RACE's best year was 2017, when it returned 80.3%. Its worst was 2022, with a return of -16.7%.

Is there a better investment than RACE?

Looking beyond its popular alternatives, NEU (specialty chemicals) earned more than RACE with less volatility over the past 5 years: 21.0% a year at 26.8% volatility, against 13.3% a year at 30.0%. Across the whole market, 185 of the 3,633 stocks and funds worth at least $500 million earned more than RACE with less volatility over the past 5 years, among them AAPL, WMT and JPM.

Is RACE more volatile than the S&P 500?

Yes. RACE's volatility over the past 5 years was 30.0%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, RACE's return lands within 30.0% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is RACE's Sharpe ratio?

RACE's Sharpe ratio over the past 5 years was 0.57, against 0.79 for the S&P 500, so RACE earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is RACE with the S&P 500?

Over the past 5 years, RACE's monthly returns had a correlation of 0.48 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against RACE instead: the lower it is, the more that option would diversify a RACE holding.

What are the best alternatives to RACE?

None of the 17 popular alternatives we compared outperformed RACE in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about RACE's strength than about its alternatives.

Did RACE outperform the S&P 500?

RACE finished ahead of the S&P 500 (SPY) in seven of ten full calendar years. In 2025, it returned -12.3%, against +17.7% for the index.

How did RACE do in stock market crashes?

RACE fell less than the S&P 500 (SPY) in two of the five major crashes it has traded through, and further in two. The clearest case was the Covid crash, when RACE fell 27.8% and the S&P 500 fell 33.7%.

What diversifies RACE?

These had a low correlation with RACE over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.38), DXJ (correlation 0.31) and EMLP (correlation 0.29); among large stocks, CAH (correlation 0.23), CLS (correlation 0.04) and FIX (correlation 0.29). A correlation near zero means the two have moved largely independently.

How we measure

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Popular alternatives to RACE

Other stocks and ETFs