^DJT vs. SPY
Compare and contrast key facts about Dow Jones Transportation Average (^DJT) 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: ^DJT or SPY.
Correlation
The correlation between ^DJT and SPY is 0.73, 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
^DJT vs. SPY - Performance Comparison
Key characteristics
^DJT:
-0.44
SPY:
0.51
^DJT:
-0.48
SPY:
0.86
^DJT:
0.94
SPY:
1.13
^DJT:
-0.36
SPY:
0.55
^DJT:
-1.14
SPY:
2.26
^DJT:
9.16%
SPY:
4.55%
^DJT:
23.86%
SPY:
20.08%
^DJT:
-60.92%
SPY:
-55.19%
^DJT:
-23.98%
SPY:
-9.89%
Returns By Period
In the year-to-date period, ^DJT achieves a -15.09% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, ^DJT has underperformed SPY with an annualized return of 4.64%, while SPY has yielded a comparatively higher 12.16% annualized return.
^DJT
-15.09%
-7.51%
-16.19%
-11.03%
9.97%
4.64%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
^DJT vs. SPY — Risk-Adjusted Performance Rank
^DJT
SPY
^DJT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Transportation Average (^DJT) 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
^DJT vs. SPY - Drawdown Comparison
The maximum ^DJT drawdown since its inception was -60.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DJT and SPY. For additional features, visit the drawdowns tool.
Volatility
^DJT vs. SPY - Volatility Comparison
Dow Jones Transportation Average (^DJT) has a higher volatility of 16.38% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that ^DJT'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.