^W1DOW vs. SPY
Compare and contrast key facts about Dow Jones Global Index (^W1DOW) 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: ^W1DOW or SPY.
Correlation
The correlation between ^W1DOW and SPY is 0.83, 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
^W1DOW vs. SPY - Performance Comparison
Key characteristics
^W1DOW:
1.28
SPY:
1.75
^W1DOW:
1.74
SPY:
2.36
^W1DOW:
1.24
SPY:
1.32
^W1DOW:
1.60
SPY:
2.66
^W1DOW:
6.52
SPY:
11.01
^W1DOW:
2.04%
SPY:
2.03%
^W1DOW:
10.39%
SPY:
12.77%
^W1DOW:
-59.33%
SPY:
-55.19%
^W1DOW:
-1.49%
SPY:
-2.12%
Returns By Period
In the year-to-date period, ^W1DOW achieves a 3.72% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, ^W1DOW has underperformed SPY with an annualized return of 6.06%, while SPY has yielded a comparatively higher 12.96% annualized return.
^W1DOW
3.72%
0.59%
4.69%
14.24%
7.73%
6.06%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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Risk-Adjusted Performance
^W1DOW vs. SPY — Risk-Adjusted Performance Rank
^W1DOW
SPY
^W1DOW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Global Index (^W1DOW) 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
^W1DOW vs. SPY - Drawdown Comparison
The maximum ^W1DOW drawdown since its inception was -59.33%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^W1DOW and SPY. For additional features, visit the drawdowns tool.
Volatility
^W1DOW vs. SPY - Volatility Comparison
The current volatility for Dow Jones Global Index (^W1DOW) is 2.85%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.32%. This indicates that ^W1DOW 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.