^AXAF vs. ^GSPC
Compare and contrast key facts about S&P/ASX All Australian 50 Index (^AXAF) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AXAF or ^GSPC.
Correlation
The correlation between ^AXAF and ^GSPC is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^AXAF vs. ^GSPC - Performance Comparison
Key characteristics
^AXAF:
0.05
^GSPC:
0.24
^AXAF:
0.16
^GSPC:
0.47
^AXAF:
1.02
^GSPC:
1.07
^AXAF:
0.05
^GSPC:
0.24
^AXAF:
0.20
^GSPC:
1.08
^AXAF:
3.62%
^GSPC:
4.25%
^AXAF:
13.30%
^GSPC:
19.00%
^AXAF:
-51.77%
^GSPC:
-56.78%
^AXAF:
-8.70%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, ^AXAF achieves a -4.54% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, ^AXAF has underperformed ^GSPC with an annualized return of 2.59%, while ^GSPC has yielded a comparatively higher 9.63% annualized return.
^AXAF
-4.54%
-1.08%
-6.33%
2.77%
8.22%
2.59%
^GSPC
-10.18%
-6.79%
-9.92%
6.35%
14.12%
9.63%
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Risk-Adjusted Performance
^AXAF vs. ^GSPC — Risk-Adjusted Performance Rank
^AXAF
^GSPC
^AXAF vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/ASX All Australian 50 Index (^AXAF) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^AXAF vs. ^GSPC - Drawdown Comparison
The maximum ^AXAF drawdown since its inception was -51.77%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^AXAF and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^AXAF vs. ^GSPC - Volatility Comparison
The current volatility for S&P/ASX All Australian 50 Index (^AXAF) is 11.48%, while S&P 500 (^GSPC) has a volatility of 13.60%. This indicates that ^AXAF experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.