^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:
1.39
^GSPC:
2.04
^SPXEW:
1.95
^GSPC:
2.71
^SPXEW:
1.25
^GSPC:
1.37
^SPXEW:
2.16
^GSPC:
3.08
^SPXEW:
5.92
^GSPC:
12.65
^SPXEW:
2.74%
^GSPC:
2.07%
^SPXEW:
11.65%
^GSPC:
12.86%
^SPXEW:
-60.83%
^GSPC:
-56.78%
^SPXEW:
-2.65%
^GSPC:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ^SPXEW having a 4.06% return and ^GSPC slightly lower at 4.03%. Over the past 10 years, ^SPXEW has underperformed ^GSPC with an annualized return of 8.61%, while ^GSPC has yielded a comparatively higher 11.55% annualized return.
^SPXEW
4.06%
2.54%
8.94%
16.85%
9.36%
8.61%
^GSPC
4.03%
1.30%
13.33%
25.68%
13.22%
11.55%
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Risk-Adjusted Performance
^SPXEW vs. ^GSPC — Risk-Adjusted Performance Rank
^SPXEW
^GSPC
^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
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 3.21%, while S&P 500 (^GSPC) has a volatility of 4.00%. 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.