^NYA vs. SPY
Compare and contrast key facts about NYSE Composite (^NYA) 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: ^NYA or SPY.
Correlation
The correlation between ^NYA and SPY is 0.95, 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. SPY - Performance Comparison
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Key characteristics
^NYA:
0.53
SPY:
0.66
^NYA:
0.92
SPY:
1.12
^NYA:
1.13
SPY:
1.17
^NYA:
0.63
SPY:
0.75
^NYA:
2.57
SPY:
2.92
^NYA:
3.71%
SPY:
4.86%
^NYA:
16.18%
SPY:
20.32%
^NYA:
-59.01%
SPY:
-55.19%
^NYA:
-2.76%
SPY:
-4.60%
Returns By Period
In the year-to-date period, ^NYA achieves a 3.22% return, which is significantly higher than SPY's -0.23% return. Over the past 10 years, ^NYA has underperformed SPY with an annualized return of 5.81%, while SPY has yielded a comparatively higher 12.59% annualized return.
^NYA
3.22%
8.19%
-1.52%
8.53%
12.78%
5.81%
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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Risk-Adjusted Performance
^NYA vs. SPY — Risk-Adjusted Performance Rank
^NYA
SPY
^NYA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) 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.
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Drawdowns
^NYA vs. SPY - Drawdown Comparison
The maximum ^NYA drawdown since its inception was -59.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NYA and SPY. For additional features, visit the drawdowns tool.
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Volatility
^NYA vs. SPY - Volatility Comparison
The current volatility for NYSE Composite (^NYA) is 4.79%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.39%. This indicates that ^NYA 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.
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