^NIFTY500 vs. SPY
Compare and contrast key facts about Nifty 500 (^NIFTY500) 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: ^NIFTY500 or SPY.
Correlation
The correlation between ^NIFTY500 and SPY is 0.22, 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.
Performance
^NIFTY500 vs. SPY - Performance Comparison
Key characteristics
^NIFTY500:
0.13
SPY:
1.93
^NIFTY500:
0.84
SPY:
2.59
^NIFTY500:
1.29
SPY:
1.35
^NIFTY500:
0.22
SPY:
2.93
^NIFTY500:
1.63
SPY:
12.16
^NIFTY500:
5.90%
SPY:
2.02%
^NIFTY500:
71.96%
SPY:
12.73%
^NIFTY500:
-68.02%
SPY:
-55.19%
^NIFTY500:
-10.85%
SPY:
-1.31%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -2.39% return, which is significantly lower than SPY's 2.68% return. Over the past 10 years, ^NIFTY500 has underperformed SPY with an annualized return of 12.21%, while SPY has yielded a comparatively higher 13.34% annualized return.
^NIFTY500
-2.39%
-3.82%
-2.69%
10.00%
17.06%
12.21%
SPY
2.68%
1.66%
15.99%
23.74%
14.27%
13.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^NIFTY500 vs. SPY — Risk-Adjusted Performance Rank
^NIFTY500
SPY
^NIFTY500 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) 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
^NIFTY500 vs. SPY - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and SPY. For additional features, visit the drawdowns tool.
Volatility
^NIFTY500 vs. SPY - Volatility Comparison
Nifty 500 (^NIFTY500) has a higher volatility of 6.11% compared to SPDR S&P 500 ETF (SPY) at 3.62%. This indicates that ^NIFTY500'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.