^DJI vs. SPY
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) 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: ^DJI or SPY.
Correlation
The correlation between ^DJI and SPY is 0.91, 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. SPY - Performance Comparison
Key characteristics
^DJI:
-0.17
SPY:
-0.03
^DJI:
-0.13
SPY:
0.06
^DJI:
0.98
SPY:
1.01
^DJI:
-0.15
SPY:
-0.03
^DJI:
-0.71
SPY:
-0.13
^DJI:
3.41%
SPY:
3.49%
^DJI:
14.21%
SPY:
15.82%
^DJI:
-53.78%
SPY:
-55.19%
^DJI:
-15.66%
SPY:
-17.46%
Returns By Period
In the year-to-date period, ^DJI achieves a -10.76% return, which is significantly higher than SPY's -13.68% return. Over the past 10 years, ^DJI has underperformed SPY with an annualized return of 7.74%, while SPY has yielded a comparatively higher 11.09% annualized return.
^DJI
-10.76%
-11.30%
-9.51%
-2.41%
10.17%
7.74%
SPY
-13.68%
-12.16%
-10.60%
-1.47%
14.70%
11.09%
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Risk-Adjusted Performance
^DJI vs. SPY — Risk-Adjusted Performance Rank
^DJI
SPY
^DJI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) 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
^DJI vs. SPY - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DJI and SPY. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. SPY - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 8.01%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.22%. This indicates that ^DJI 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.