Asset Comparison and Correlation

Assuming 30 trading days horizon, SP 500 is expected to generate 1.65 times less return on investment than B of A. But when comparing it to its historical volatility, S&P 500 is 2.49 times less risky than B of A. It trades about 0.35 of its potential returns per unit of risk. Bank of America Corporation is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest  1,244  in Bank of America Corporation on April 24, 2013 and sell it today you would earn a total of  77.00  from holding Bank of America Corporation or generate 6.19% return on investment over 30 days.