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Performance
^SPXEW Performance Chart
S&P 500 Equal Weighted Index (^SPXEW) is up 8.9% since the beginning of the year. ^SPXEW is currently trading at $8,455 per share. Investors who bought $1,000 worth of ^SPXEW shares 5 years ago would now be looking at an investment worth $1,369.
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Returns By Period
S&P 500 Equal Weighted Index (^SPXEW) has returned 8.90% so far this year and 17.41% over the past 12 months. Over the last ten years, ^SPXEW has returned 9.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
S&P 500 Equal Weighted Index
- 1D
- -0.42%
- 1M
- 3.56%
- YTD
- 8.90%
- 6M
- 9.21%
- 1Y
- 17.41%
- 3Y*
- 13.23%
- 5Y*
- 6.49%
- 10Y*
- 9.93%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
^SPXEW Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 1989, ^SPXEW's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2009 with a return of +18.6%, while the worst month was Oct 2008 at -21.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ^SPXEW closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.28% | 3.40% | -6.18% | 5.87% | 2.51% | 0.15% | 8.90% | ||||||
| 2025 | 3.40% | -0.77% | -3.59% | -2.38% | 4.15% | 3.23% | 0.88% | 2.52% | 0.90% | -1.04% | 1.73% | 0.25% | 9.34% |
| 2024 | -0.91% | 3.96% | 4.25% | -4.95% | 2.63% | -0.65% | 4.39% | 2.30% | 2.15% | -1.72% | 6.24% | -6.44% | 10.90% |
| 2023 | 7.30% | -3.48% | -1.11% | 0.24% | -3.99% | 7.51% | 3.36% | -3.37% | -5.26% | -4.18% | 8.87% | 6.66% | 11.56% |
| 2022 | -4.43% | -1.03% | 2.39% | -6.48% | 0.80% | -9.58% | 8.60% | -3.69% | -9.42% | 9.70% | 6.47% | -4.90% | -13.11% |
| 2021 | -0.90% | 5.90% | 5.76% | 4.65% | 1.76% | -0.01% | 1.20% | 2.22% | -3.94% | 5.24% | -2.72% | 6.02% | 27.48% |
Benchmark Metrics
S&P 500 Equal Weighted Index has an annualized alpha of 0.60%, beta of 0.99, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.
- With beta of 0.99 and R2 of 0.92, this index moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.60%
- Beta
- 0.99
- R²
- 0.92
- Upside Capture
- 104.42%
- Downside Capture
- 102.34%
Return for Risk
Risk / Return Rank
^SPXEW ranks 54 for risk / return — on par with similar indices. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and compare them to S&P 500 Index.
| ^SPXEW | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.24 | -0.73 |
Sortino ratioReturn per unit of downside risk | 2.21 | 3.07 | -0.87 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.93 | -0.75 |
Martin ratioReturn relative to average drawdown | 8.16 | 13.52 | -5.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the S&P 500 Equal Weighted Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the S&P 500 Equal Weighted Index was 60.83%, occurring on Mar 9, 2009. Recovery took 541 trading sessions.
The current S&P 500 Equal Weighted Index drawdown is 0.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.83%Mar 2009 | 1y 7mo | 2y 1mo | 3y 9moJul 2007 - Apr 2011 |
Dot-com crash2000–2002 | -40.33%Oct 2002 | 1y 4mo | 1y 2mo | 2y 7moMay 2001 - Dec 2003 |
COVID crash2020 | -39.21%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 |
1990 bear market1990 | -26.74%Oct 1990 | 9mo 11d | 4mo 25d | 1y 2moJan 1990 - Mar 1991 |
2011 bear market2011 | -23.21%Oct 2011 | 4mo 25d | 5mo 14d | 10mo 9dMay 2011 - Mar 2012 |
Drawdown Indicators
| ^SPXEW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.83% | -56.78% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -9.10% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -18.90% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -25.43% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -33.92% | -5.29% |
Current DrawdownCurrent decline from peak | -0.42% | -0.74% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -10.72% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.97% | +0.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with ^SPXEW
Add S&P 500 Equal Weighted Index to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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