^IXIC vs. SPY
Compare and contrast key facts about NASDAQ Composite (^IXIC) 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: ^IXIC or SPY.
Correlation
The correlation between ^IXIC and SPY is 0.86, 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
^IXIC vs. SPY - Performance Comparison
Key characteristics
^IXIC:
1.42
SPY:
1.87
^IXIC:
1.92
SPY:
2.52
^IXIC:
1.26
SPY:
1.35
^IXIC:
1.98
SPY:
2.81
^IXIC:
7.07
SPY:
11.69
^IXIC:
3.69%
SPY:
2.02%
^IXIC:
18.40%
SPY:
12.65%
^IXIC:
-77.93%
SPY:
-55.19%
^IXIC:
-0.58%
SPY:
0.00%
Returns By Period
In the year-to-date period, ^IXIC achieves a 3.86% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, ^IXIC has outperformed SPY with an annualized return of 15.04%, while SPY has yielded a comparatively lower 13.23% annualized return.
^IXIC
3.86%
2.17%
11.93%
28.31%
16.00%
15.04%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
^IXIC vs. SPY — Risk-Adjusted Performance Rank
^IXIC
SPY
^IXIC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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
^IXIC vs. SPY - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^IXIC and SPY. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. SPY - Volatility Comparison
NASDAQ Composite (^IXIC) has a higher volatility of 5.14% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that ^IXIC'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.