Correlation
The correlation between ^BSESN and SPY is 0.17, 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.
^BSESN vs. SPY
Compare and contrast key facts about S&P BSE SENSEX (^BSESN) 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: ^BSESN or SPY.
Performance
^BSESN vs. SPY - Performance Comparison
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Key characteristics
^BSESN:
0.55
SPY:
0.57
^BSESN:
1.08
SPY:
0.87
^BSESN:
1.15
SPY:
1.13
^BSESN:
0.73
SPY:
0.55
^BSESN:
1.50
SPY:
2.11
^BSESN:
7.28%
SPY:
4.91%
^BSESN:
15.45%
SPY:
20.35%
^BSESN:
-60.91%
SPY:
-55.19%
^BSESN:
-4.79%
SPY:
-5.23%
Returns By Period
In the year-to-date period, ^BSESN achieves a 4.58% return, which is significantly higher than SPY's -0.89% return. Over the past 10 years, ^BSESN has underperformed SPY with an annualized return of 11.49%, while SPY has yielded a comparatively higher 12.57% annualized return.
^BSESN
4.58%
3.17%
3.29%
8.37%
14.77%
21.65%
11.49%
SPY
-0.89%
5.17%
-2.13%
10.77%
15.38%
16.09%
12.57%
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Risk-Adjusted Performance
^BSESN vs. SPY — Risk-Adjusted Performance Rank
^BSESN
SPY
^BSESN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) 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.
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Drawdowns
^BSESN vs. SPY - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^BSESN and SPY.
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Volatility
^BSESN vs. SPY - Volatility Comparison
S&P BSE SENSEX (^BSESN) has a higher volatility of 5.14% compared to SPDR S&P 500 ETF (SPY) at 4.45%. This indicates that ^BSESN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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