^PUT vs. SPY
Compare and contrast key facts about CBOE S&P 500 PutWrite Index (^PUT) 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: ^PUT or SPY.
Correlation
The correlation between ^PUT and SPY is 0.87, 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
^PUT vs. SPY - Performance Comparison
Loading data...
Key characteristics
^PUT:
0.53
SPY:
0.69
^PUT:
0.87
SPY:
1.17
^PUT:
1.17
SPY:
1.18
^PUT:
0.52
SPY:
0.80
^PUT:
2.20
SPY:
3.08
^PUT:
3.55%
SPY:
4.88%
^PUT:
14.80%
SPY:
20.26%
^PUT:
-15.06%
SPY:
-55.19%
^PUT:
-6.59%
SPY:
-2.76%
Returns By Period
In the year-to-date period, ^PUT achieves a -3.58% return, which is significantly lower than SPY's 1.69% return.
^PUT
-3.58%
3.33%
-2.41%
7.66%
N/A
N/A
N/A
SPY
1.69%
12.88%
2.09%
13.66%
16.96%
17.03%
12.75%
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
^PUT vs. SPY — Risk-Adjusted Performance Rank
^PUT
SPY
^PUT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE S&P 500 PutWrite Index (^PUT) 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.
Loading data...
Drawdowns
^PUT vs. SPY - Drawdown Comparison
The maximum ^PUT drawdown since its inception was -15.06%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^PUT and SPY. For additional features, visit the drawdowns tool.
Loading data...
Volatility
^PUT vs. SPY - Volatility Comparison
The current volatility for CBOE S&P 500 PutWrite Index (^PUT) is 2.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. This indicates that ^PUT 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.
Loading data...