^SPXEW vs. ^GSPC
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or ^GSPC.
Correlation
The correlation between ^SPXEW and ^GSPC 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
^SPXEW vs. ^GSPC - Performance Comparison
Key characteristics
^SPXEW:
1.98
^GSPC:
2.62
^SPXEW:
2.79
^GSPC:
3.48
^SPXEW:
1.35
^GSPC:
1.48
^SPXEW:
2.66
^GSPC:
3.77
^SPXEW:
10.83
^GSPC:
16.74
^SPXEW:
2.10%
^GSPC:
1.91%
^SPXEW:
11.49%
^GSPC:
12.25%
^SPXEW:
-60.83%
^GSPC:
-56.78%
^SPXEW:
-1.75%
^GSPC:
-0.61%
Returns By Period
In the year-to-date period, ^SPXEW achieves a 16.46% return, which is significantly lower than ^GSPC's 26.90% return. Over the past 10 years, ^SPXEW has underperformed ^GSPC with an annualized return of 9.05%, while ^GSPC has yielded a comparatively higher 11.73% annualized return.
^SPXEW
16.46%
0.04%
11.77%
22.38%
10.32%
9.05%
^GSPC
26.90%
0.96%
12.91%
31.46%
14.06%
11.73%
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Risk-Adjusted Performance
^SPXEW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and S&P 500 (^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.
Drawdowns
^SPXEW vs. ^GSPC - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. ^GSPC - Volatility Comparison
S&P 500 Equal Weighted Index (^SPXEW) has a higher volatility of 2.61% compared to S&P 500 (^GSPC) at 2.24%. This indicates that ^SPXEW's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.