^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:
0.47
SPY:
0.56
^NIFTY500:
0.72
SPY:
0.92
^NIFTY500:
1.11
SPY:
1.14
^NIFTY500:
0.42
SPY:
0.59
^NIFTY500:
0.91
SPY:
2.32
^NIFTY500:
8.61%
SPY:
4.80%
^NIFTY500:
16.54%
SPY:
20.01%
^NIFTY500:
-68.02%
SPY:
-55.19%
^NIFTY500:
-9.90%
SPY:
-8.17%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -1.35% return, which is significantly higher than SPY's -3.97% return. Over the past 10 years, ^NIFTY500 has outperformed SPY with an annualized return of 12.85%, while SPY has yielded a comparatively lower 12.19% annualized return.
^NIFTY500
-1.35%
9.78%
-4.16%
6.96%
24.20%
12.85%
SPY
-3.97%
11.26%
-4.45%
9.89%
15.66%
12.19%
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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
The current volatility for Nifty 500 (^NIFTY500) is 5.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.55%. This indicates that ^NIFTY500 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.