^NYA vs. ^GSPC
Compare and contrast key facts about NYSE Composite (^NYA) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NYA or ^GSPC.
Correlation
The correlation between ^NYA and ^GSPC is 0.97, 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
^NYA vs. ^GSPC - Performance Comparison
Key characteristics
^NYA:
1.48
^GSPC:
2.10
^NYA:
2.07
^GSPC:
2.80
^NYA:
1.26
^GSPC:
1.39
^NYA:
2.41
^GSPC:
3.09
^NYA:
8.44
^GSPC:
13.49
^NYA:
1.85%
^GSPC:
1.94%
^NYA:
10.58%
^GSPC:
12.52%
^NYA:
-59.01%
^GSPC:
-56.78%
^NYA:
-5.69%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, ^NYA achieves a 13.45% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, ^NYA has underperformed ^GSPC with an annualized return of 5.74%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
^NYA
13.45%
-3.19%
6.24%
14.32%
6.61%
5.74%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
^NYA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) and S&P 500 (^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.
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. For additional features, visit the drawdowns tool.
Volatility
^NYA vs. ^GSPC - Volatility Comparison
The current volatility for NYSE Composite (^NYA) is 3.52%, while S&P 500 (^GSPC) has a volatility of 3.79%. 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.