^BSE500 vs. SPY
Compare and contrast key facts about S&P BSE-500 (^BSE500) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BSE500 or SPY.
Correlation
The correlation between ^BSE500 and SPY is 0.23, 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
^BSE500 vs. SPY - Performance Comparison
Key characteristics
^BSE500:
0.22
SPY:
0.51
^BSE500:
0.40
SPY:
0.86
^BSE500:
1.06
SPY:
1.13
^BSE500:
0.19
SPY:
0.55
^BSE500:
0.43
SPY:
2.26
^BSE500:
8.56%
SPY:
4.55%
^BSE500:
16.39%
SPY:
20.08%
^BSE500:
-38.39%
SPY:
-55.19%
^BSE500:
-11.03%
SPY:
-9.89%
Returns By Period
In the year-to-date period, ^BSE500 achieves a -2.36% return, which is significantly higher than SPY's -5.76% return. Both investments have delivered pretty close results over the past 10 years, with ^BSE500 having a 12.51% annualized return and SPY not far behind at 11.99%.
^BSE500
-2.36%
2.58%
-3.10%
4.34%
23.84%
12.51%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
^BSE500 vs. SPY — Risk-Adjusted Performance Rank
^BSE500
SPY
^BSE500 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE-500 (^BSE500) and SPDR S&P 500 ETF (SPY). 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
^BSE500 vs. SPY - Drawdown Comparison
The maximum ^BSE500 drawdown since its inception was -38.39%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^BSE500 and SPY. For additional features, visit the drawdowns tool.
Volatility
^BSE500 vs. SPY - Volatility Comparison
The current volatility for S&P BSE-500 (^BSE500) is 7.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that ^BSE500 experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.