^DJI vs. ^GSPC
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJI or ^GSPC.
Key characteristics
| ^DJI | ^GSPC | |
|---|---|---|
| YTD Return | 9.83% | 17.95% |
| 1Y Return | 18.58% | 24.88% |
| 3Y Return (Ann) | 6.20% | 8.21% |
| 5Y Return (Ann) | 8.76% | 13.37% |
| 10Y Return (Ann) | 9.25% | 10.92% |
| Sharpe Ratio | 1.82 | 2.03 |
| Daily Std Dev | 10.83% | 12.77% |
| Max Drawdown | -53.78% | -56.78% |
| Current Drawdown | -0.41% | -0.73% |
Correlation
The correlation between ^DJI and ^GSPC is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^DJI vs. ^GSPC - Performance Comparison
In the year-to-date period, ^DJI achieves a 9.83% return, which is significantly lower than ^GSPC's 17.95% return. Over the past 10 years, ^DJI has underperformed ^GSPC with an annualized return of 9.25%, while ^GSPC has yielded a comparatively higher 10.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^DJI vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) 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
^DJI vs. ^GSPC - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^DJI and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. ^GSPC - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 3.26%, while S&P 500 (^GSPC) has a volatility of 4.36%. This indicates that ^DJI 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.