^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:
0.40
^GSPC:
0.48
^AXAF:
0.71
^GSPC:
0.80
^AXAF:
1.10
^GSPC:
1.12
^AXAF:
0.45
^GSPC:
0.49
^AXAF:
1.64
^GSPC:
1.90
^AXAF:
3.82%
^GSPC:
4.90%
^AXAF:
13.25%
^GSPC:
19.37%
^AXAF:
-51.77%
^GSPC:
-56.78%
^AXAF:
-4.61%
^GSPC:
-7.82%
Returns By Period
In the year-to-date period, ^AXAF achieves a -0.26% return, which is significantly higher than ^GSPC's -3.70% return. Over the past 10 years, ^AXAF has underperformed ^GSPC with an annualized return of 3.49%, while ^GSPC has yielded a comparatively higher 10.43% annualized return.
^AXAF
-0.26%
8.59%
-1.07%
4.36%
8.76%
3.49%
^GSPC
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
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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 6.20%, while S&P 500 (^GSPC) has a volatility of 6.82%. 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.