^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.
Key characteristics
| ^SPXEW | ^OEX | |
|---|---|---|
| YTD Return | 11.41% | 20.92% |
| 1Y Return | 19.71% | 29.24% |
| 3Y Return (Ann) | 4.82% | 9.95% |
| 5Y Return (Ann) | 10.12% | 15.34% |
| 10Y Return (Ann) | 8.55% | 11.70% |
| Sharpe Ratio | 1.56 | 2.14 |
| Daily Std Dev | 12.50% | 13.72% |
| Max Drawdown | -60.83% | -61.31% |
| Current Drawdown | 0.00% | -1.95% |
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
In the year-to-date period, ^SPXEW achieves a 11.41% return, which is significantly lower than ^OEX's 20.92% return. Over the past 10 years, ^SPXEW has underperformed ^OEX with an annualized return of 8.55%, while ^OEX has yielded a comparatively higher 11.70% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^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 3.16%, while S&P 100 Index (^OEX) has a volatility of 4.55%. 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.