^NYA vs. ^GSPC

Last updated Aug 4, 2026

^NYA (NYSE Composite) and ^GSPC (S&P 500 Index) are both indexes. Over the past 10 years, ^NYA returned 8.44%/yr vs 13.29%/yr for ^GSPC. Their 0.96 correlation means they have historically moved very closely together.

Performance

^NYA vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYSE Composite (^NYA) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^NYA achieves a 10.23% return, which is significantly lower than ^GSPC's 11.03% return. Over the past 10 years, ^NYA has underperformed ^GSPC with an annualized return of 8.44%, while ^GSPC has yielded a comparatively higher 13.29% annualized return.

^NYA

• 1D: 0.61%
• 1M: 1.25%
• 6M: 5.99%
• YTD: 10.23%
• 1Y: 19.68%
• 3Y*: 14.71%
• 5Y*: 7.89%
• 10Y*: 8.44%
• ALL TIME*: 6.92%

^GSPC

• 1D: 1.48%
• 1M: 1.57%
• 6M: 8.95%
• YTD: 11.03%
• 1Y: 21.84%
• 3Y*: 19.28%
• 5Y*: 11.54%
• 10Y*: 13.29%
• ALL TIME*: 8.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
^GSPC S&P 500 Index	$38.00T	$37.50T	$41.55T
^NYA NYSE Composite	$114.99T	$116.40T	$129.81T

^NYA vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^NYA NYSE Composite	10.23%	15.22%	13.32%	10.99%	-11.53%	18.17%	4.40%	22.32%	-11.20%	15.84%
^GSPC S&P 500 Index	11.03%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Correlation

The correlation between ^NYA and ^GSPC is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 1970	0.96

Over the past year, the correlation between ^NYA and ^GSPC has dropped to 0.76 - well below their long-term average of 0.96, suggesting their price drivers have been diverging.

Return for Risk

^NYA vs. ^GSPC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

^NYA

^NYA Risk / Return Rank: 75
^NYA Sharpe Ratio Rank: 76
^NYA Sortino Ratio Rank: 80
^NYA Omega Ratio Rank: 77
^NYA Calmar Ratio Rank: 67
^NYA Martin Ratio Rank: 74

^GSPC

^GSPC Risk / Return Rank: 79
^GSPC Sharpe Ratio Rank: 76
^GSPC Sortino Ratio Rank: 76
^GSPC Omega Ratio Rank: 78
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

^NYA vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) and S&P 500 Index (^GSPC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	^NYA	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.71	+0.06
Sortino ratio: Return per unit of downside risk	2.51	2.36	+0.15
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	2.39	2.41	-0.02
Martin ratio: Return relative to average drawdown	9.02	10.22	-1.20

^NYA vs. ^GSPC - Sharpe Ratio Comparison

The current ^NYA Sharpe Ratio is 1.77, which is comparable to the ^GSPC Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of ^NYA and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

^NYA vs. ^GSPC - Drawdown Comparison

The maximum ^NYA drawdown since its inception was -59.01%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^NYA and ^GSPC.

Drawdown Indicators

	^NYA	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-59.01%	-56.78%	-2.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-9.10%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-15.21%	-18.90%	+3.69%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-25.43%	+3.06%
Max Drawdown (10Y) Largest decline over 10 years	-38.11%	-33.92%	-4.19%
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-9.83%	-10.70%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.14%	+0.05%

Volatility

^NYA vs. ^GSPC - Volatility Comparison

The current volatility for NYSE Composite (^NYA) is 2.56%, while S&P 500 Index (^GSPC) has a volatility of 3.80%. This indicates that ^NYA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^NYA	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	3.80%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	10.20%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	12.86%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	17.02%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	18.08%	-1.26%

Frequently Asked Questions

Can I hold both ^NYA and ^GSPC in my portfolio?

^NYA and ^GSPC have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^NYA or ^GSPC?

^GSPC has higher volatility (3.80%) compared to ^NYA (2.56%). In terms of maximum drawdown, ^NYA dropped -59.01% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^NYA currently has the higher Sharpe Ratio (1.77 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.