^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:
1.39
^OEX:
2.16
^SPXEW:
1.95
^OEX:
2.84
^SPXEW:
1.25
^OEX:
1.40
^SPXEW:
2.16
^OEX:
3.09
^SPXEW:
5.92
^OEX:
13.07
^SPXEW:
2.74%
^OEX:
2.33%
^SPXEW:
11.65%
^OEX:
14.12%
^SPXEW:
-60.83%
^OEX:
-61.31%
^SPXEW:
-2.65%
^OEX:
0.00%
Returns By Period
In the year-to-date period, ^SPXEW achieves a 4.06% return, which is significantly higher than ^OEX's 3.45% return. Over the past 10 years, ^SPXEW has underperformed ^OEX with an annualized return of 8.61%, while ^OEX has yielded a comparatively higher 12.74% annualized return.
^SPXEW
4.06%
2.54%
8.94%
16.85%
9.36%
8.61%
^OEX
3.45%
0.38%
15.04%
29.50%
15.25%
12.74%
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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 3.21%, while S&P 100 Index (^OEX) has a volatility of 4.57%. 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.