^SPXEW vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and S&P 500 Index (^GSPC).

Performance

^SPXEW vs. ^GSPC - Performance Comparison

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

^SPXEW vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SPXEW S&P 500 Equal Weighted Index	0.50%	9.34%	10.90%	11.56%	-13.11%	27.48%	10.47%	26.57%	-9.43%	16.68%
^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, ^SPXEW achieves a 0.50% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, ^SPXEW has underperformed ^GSPC with an annualized return of 9.30%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

^SPXEW

• 1D: 0.32%
• 1M: -5.69%
• YTD: 0.50%
• 6M: 1.23%
• 1Y: 10.97%
• 3Y*: 9.90%
• 5Y*: 6.06%
• 10Y*: 9.30%

^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

^SPXEW vs. ^GSPC — Risk / Return Rank

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

^SPXEW

^SPXEW Risk / Return Rank: 40
^SPXEW Sharpe Ratio Rank: 40
^SPXEW Sortino Ratio Rank: 39
^SPXEW Omega Ratio Rank: 42
^SPXEW Calmar Ratio Rank: 37
^SPXEW Martin Ratio Rank: 44

^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.

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

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) 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.

	^SPXEW	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.92	-0.28
Sortino ratio Return per unit of downside risk	1.02	1.41	-0.40
Omega ratio Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	0.88	1.41	-0.54
Martin ratio Return relative to average drawdown	3.88	6.61	-2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SPXEW vs. ^GSPC - Sharpe Ratio Comparison

The current ^SPXEW Sharpe Ratio is 0.64, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ^SPXEW 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

	^SPXEW	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.92	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.61	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.68	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.46	+0.02

Correlation

The correlation between ^SPXEW and ^GSPC is 0.94, 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

^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.

Drawdown Indicators

	^SPXEW	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-60.83%	-56.78%	-4.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-12.14%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-25.43%	+2.96%
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	-33.92%	-5.29%
Current Drawdown Current decline from peak	-5.88%	-5.78%	-0.10%
Average Drawdown Average peak-to-trough decline	-7.05%	-10.75%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.60%	+0.26%

Volatility

^SPXEW vs. ^GSPC - Volatility Comparison

The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 4.39%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that ^SPXEW 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

	^SPXEW	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	5.37%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	9.55%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	18.33%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	16.90%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	18.05%	+0.38%