^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:
1.19
^OEX:
2.35
^SPXEW:
1.69
^OEX:
3.07
^SPXEW:
1.21
^OEX:
1.44
^SPXEW:
1.90
^OEX:
3.25
^SPXEW:
6.06
^OEX:
14.30
^SPXEW:
2.27%
^OEX:
2.24%
^SPXEW:
11.57%
^OEX:
13.66%
^SPXEW:
-60.83%
^OEX:
-61.31%
^SPXEW:
-5.96%
^OEX:
-2.08%
Returns By Period
In the year-to-date period, ^SPXEW achieves a 11.47% return, which is significantly lower than ^OEX's 30.39% return. Over the past 10 years, ^SPXEW has underperformed ^OEX with an annualized return of 8.09%, while ^OEX has yielded a comparatively higher 12.26% annualized return.
^SPXEW
11.47%
-3.00%
6.66%
12.37%
8.82%
8.09%
^OEX
30.39%
1.96%
10.34%
30.81%
15.26%
12.26%
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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
S&P 500 Equal Weighted Index (^SPXEW) has a higher volatility of 4.09% compared to S&P 100 Index (^OEX) at 3.88%. This indicates that ^SPXEW's price experiences larger fluctuations and is considered to be riskier than ^OEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.