^SPXEW vs. SPY
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or SPY.
Key characteristics
| ^SPXEW | SPY | |
|---|---|---|
| YTD Return | 11.20% | 18.86% |
| 1Y Return | 19.72% | 28.13% |
| 3Y Return (Ann) | 4.75% | 9.87% |
| 5Y Return (Ann) | 10.16% | 15.23% |
| 10Y Return (Ann) | 8.52% | 12.80% |
| Sharpe Ratio | 1.56 | 2.21 |
| Daily Std Dev | 12.50% | 12.60% |
| Max Drawdown | -60.83% | -55.19% |
| Current Drawdown | -0.19% | -0.61% |
Correlation
The correlation between ^SPXEW and SPY is 0.93, 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. SPY - Performance Comparison
In the year-to-date period, ^SPXEW achieves a 11.20% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, ^SPXEW has underperformed SPY with an annualized return of 8.52%, while SPY has yielded a comparatively higher 12.80% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and SPY. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. SPY - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 3.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that ^SPXEW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.