Below is the graph screen comparing Disney to the S&P500 in two different periods: 1) from January 1, 2018 to December 31, 2018; 2) August 1, 2018 to August 1, 2019. Describe how the comparison has changed from two periods above and discuss the reason behind the change

1/1/2018 - 31/12/2018

1/8/2018 - 1/8/2019

WALT DISNEY CO Equity GP Related Functions Menu Message ? DIS US $ C 149.44 +1.43 N149.44/149.45N 410x9 On 01 Dec c Vol 8,827,829 0 149.57E. H 151.40N L 149.00T Val 1.325B DIS US Equity 95) Compare 96 Actions , 97) Edit - Line Chart 01/01/2018 - 12/31/2018 Last Px Local CCY Mov Avgs Key Events 1D 3D 1M 6M YTD 14 5Y Max Daily ~ 14 Table ... Edit Chart Track Annotate News Zoom 2900 120 Last Price DIS US Equity (R1) 109.65 SPX Index (L1) 2506.85 2800- han 115 2700- man 109.65 2600- When -105 2506.85 ww, 2400 100 DIS US Equity - Volume 7.242M. 20M 7.242M 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 | WALT DISNEY CO Equity GP Related Functions Menu Message ? DIS US $ C 149.44 +1.43 N149.44/149.45N 410x9 On 01 Dec c Vol 8,827,829 0 149.57E. H 151.40N L 149.00T Val 1.325B DIS US Equity 95) Compare 96 Actions , 97) Edit - Line Chart 08/01/2018 0 - 08/01/20196 Last Px Local CCY Mov Avgs Key Events 1D 3D 1M 6M YTD 14 54 Max Daily ~ 1 Table . Edit Chart * Track 2 Annotate News Zoom 150 Last Price 3600- DIS US Equity (R1) 141.85 141.85 SPX Index (41) 2953.56 3400 130 3200- 2953.56 120 2800- 110 2600 100 2400- DIS US Equity - Volume 8.912M 60M -40M milarulmatia inurumiliathurath.. 20M 8.912M tuulluututtu Jan Feb uulattinititi. Jul Aug Sep Nov Dec Mar May Jun Oct 2018 Apr 2019