^SPSY vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about S&P 500 Financials Index (^SPSY) and S&P 500 Index (^GSPC).

Performance

^SPSY vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Financials Index (^SPSY) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

^SPSY vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SPSY S&P 500 Financials Index	-12.64%	13.32%	28.43%	9.94%	-12.35%	32.54%	-4.10%	29.17%	-14.67%	20.03%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ^SPSY achieves a -12.64% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, ^SPSY has underperformed ^GSPC with an annualized return of 10.16%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

^SPSY

• 1D: -2.49%
• 1M: -6.46%
• YTD: -12.64%
• 6M: -10.38%
• 1Y: -3.84%
• 3Y*: 15.05%
• 5Y*: 6.84%
• 10Y*: 10.16%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^SPSY vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SPSY

^SPSY Risk / Return Rank: 4
^SPSY Sharpe Ratio Rank: 4
^SPSY Sortino Ratio Rank: 4
^SPSY Omega Ratio Rank: 4
^SPSY Calmar Ratio Rank: 4
^SPSY Martin Ratio Rank: 4

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SPSY vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Financials Index (^SPSY) and S&P 500 Index (^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.

	^SPSY	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.24	0.92	-1.16
Sortino ratio Return per unit of downside risk	-0.20	1.41	-1.62
Omega ratio Gain probability vs. loss probability	0.97	1.21	-0.24
Calmar ratio Return relative to maximum drawdown	-0.32	1.41	-1.74
Martin ratio Return relative to average drawdown	-1.01	6.61	-7.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SPSY vs. ^GSPC - Sharpe Ratio Comparison

The current ^SPSY Sharpe Ratio is -0.24, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ^SPSY and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SPSY	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	0.92	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.61	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.68	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.46	-0.21

Correlation

The correlation between ^SPSY and ^GSPC is 0.82, 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.

Drawdowns

^SPSY vs. ^GSPC - Drawdown Comparison

The maximum ^SPSY drawdown since its inception was -83.96%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^SPSY and ^GSPC.

Drawdown Indicators

	^SPSY	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-83.96%	-56.78%	-27.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.06%	-12.14%	-2.92%
Max Drawdown (5Y) Largest decline over 5 years	-26.95%	-25.43%	-1.52%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	-33.92%	-9.21%
Current Drawdown Current decline from peak	-15.06%	-5.78%	-9.28%
Average Drawdown Average peak-to-trough decline	-19.68%	-10.75%	-8.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	2.60%	+2.27%

Volatility

^SPSY vs. ^GSPC - Volatility Comparison

The current volatility for S&P 500 Financials Index (^SPSY) is 4.19%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that ^SPSY 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.

Volatility by Period

	^SPSY	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	5.37%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	9.55%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	18.33%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	16.90%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	18.05%	+4.25%