^SPXEW vs. ^OEX
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and S&P 100 Index (^OEX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or ^OEX.
Correlation
The correlation between ^SPXEW and ^OEX is 0.90, 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. ^OEX - Performance Comparison
Key characteristics
^SPXEW:
0.12
^OEX:
0.30
^SPXEW:
0.29
^OEX:
0.56
^SPXEW:
1.04
^OEX:
1.08
^SPXEW:
0.11
^OEX:
0.31
^SPXEW:
0.46
^OEX:
1.31
^SPXEW:
4.43%
^OEX:
4.67%
^SPXEW:
16.70%
^OEX:
20.44%
^SPXEW:
-60.83%
^OEX:
-61.31%
^SPXEW:
-13.13%
^OEX:
-15.28%
Returns By Period
In the year-to-date period, ^SPXEW achieves a -7.14% return, which is significantly higher than ^OEX's -11.98% return. Over the past 10 years, ^SPXEW has underperformed ^OEX with an annualized return of 7.08%, while ^OEX has yielded a comparatively higher 10.77% annualized return.
^SPXEW
-7.14%
-6.87%
-10.55%
2.07%
11.81%
7.08%
^OEX
-11.98%
-7.26%
-9.89%
6.96%
14.06%
10.77%
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Risk-Adjusted Performance
^SPXEW vs. ^OEX — Risk-Adjusted Performance Rank
^SPXEW
^OEX
^SPXEW vs. ^OEX - 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 100 Index (^OEX). 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. ^OEX - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, roughly equal to the maximum ^OEX drawdown of -61.31%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and ^OEX. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. ^OEX - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 12.25%, while S&P 100 Index (^OEX) has a volatility of 14.28%. This indicates that ^SPXEW experiences smaller price fluctuations and is considered to be less risky than ^OEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.