^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.
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
Key characteristics
^SPXEW:
0.12
SPY:
0.30
^SPXEW:
0.29
SPY:
0.56
^SPXEW:
1.04
SPY:
1.08
^SPXEW:
0.11
SPY:
0.31
^SPXEW:
0.46
SPY:
1.40
^SPXEW:
4.43%
SPY:
4.18%
^SPXEW:
16.70%
SPY:
19.64%
^SPXEW:
-60.83%
SPY:
-55.19%
^SPXEW:
-13.13%
SPY:
-13.86%
Returns By Period
In the year-to-date period, ^SPXEW achieves a -7.14% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, ^SPXEW has underperformed SPY with an annualized return of 7.08%, while SPY has yielded a comparatively higher 11.59% annualized return.
^SPXEW
-7.14%
-6.87%
-10.55%
2.07%
11.81%
7.08%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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Risk-Adjusted Performance
^SPXEW vs. SPY — Risk-Adjusted Performance Rank
^SPXEW
SPY
^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 12.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. 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.