^SP400 vs. SPY
Compare and contrast key facts about S&P 400 Index (^SP400) 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: ^SP400 or SPY.
Correlation
The correlation between ^SP400 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
^SP400 vs. SPY - Performance Comparison
Key characteristics
^SP400:
-0.03
SPY:
0.54
^SP400:
0.09
SPY:
0.90
^SP400:
1.01
SPY:
1.13
^SP400:
-0.04
SPY:
0.57
^SP400:
-0.12
SPY:
2.24
^SP400:
7.78%
SPY:
4.82%
^SP400:
21.51%
SPY:
20.02%
^SP400:
-56.32%
SPY:
-55.19%
^SP400:
-13.03%
SPY:
-7.53%
Returns By Period
In the year-to-date period, ^SP400 achieves a -5.52% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, ^SP400 has underperformed SPY with an annualized return of 6.88%, while SPY has yielded a comparatively higher 12.33% annualized return.
^SP400
-5.52%
15.14%
-10.14%
-0.65%
11.99%
6.88%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
^SP400 vs. SPY — Risk-Adjusted Performance Rank
^SP400
SPY
^SP400 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 400 Index (^SP400) 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
^SP400 vs. SPY - Drawdown Comparison
The maximum ^SP400 drawdown since its inception was -56.32%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SP400 and SPY. For additional features, visit the drawdowns tool.
Volatility
^SP400 vs. SPY - Volatility Comparison
The current volatility for S&P 400 Index (^SP400) is 11.14%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that ^SP400 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.