^OEX vs. SPY
Compare and contrast key facts about S&P 100 Index (^OEX) 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: ^OEX or SPY.
Correlation
The correlation between ^OEX and SPY is 0.96, 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
^OEX vs. SPY - Performance Comparison
Key characteristics
^OEX:
2.09
SPY:
2.12
^OEX:
2.77
SPY:
2.81
^OEX:
1.38
SPY:
1.39
^OEX:
3.00
SPY:
3.21
^OEX:
12.66
SPY:
13.42
^OEX:
2.33%
SPY:
2.01%
^OEX:
14.13%
SPY:
12.78%
^OEX:
-61.31%
SPY:
-55.19%
^OEX:
-0.30%
SPY:
-0.29%
Returns By Period
In the year-to-date period, ^OEX achieves a 3.14% return, which is significantly lower than SPY's 3.73% return. Both investments have delivered pretty close results over the past 10 years, with ^OEX having a 13.05% annualized return and SPY not far ahead at 13.60%.
^OEX
3.14%
0.15%
13.53%
28.69%
15.55%
13.05%
SPY
3.73%
1.11%
12.39%
26.17%
14.85%
13.60%
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
^OEX vs. SPY — Risk-Adjusted Performance Rank
^OEX
SPY
^OEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) 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
^OEX vs. SPY - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^OEX and SPY. For additional features, visit the drawdowns tool.
Volatility
^OEX vs. SPY - Volatility Comparison
S&P 100 Index (^OEX) has a higher volatility of 4.59% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that ^OEX'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.