^XAX vs. SPY
Compare and contrast key facts about NYSE American Composite Index (^XAX) 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: ^XAX or SPY.
Correlation
The correlation between ^XAX and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^XAX vs. SPY - Performance Comparison
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Key characteristics
^XAX:
0.18
SPY:
0.50
^XAX:
0.46
SPY:
0.88
^XAX:
1.06
SPY:
1.13
^XAX:
0.29
SPY:
0.56
^XAX:
0.81
SPY:
2.17
^XAX:
6.75%
SPY:
4.85%
^XAX:
23.54%
SPY:
20.02%
^XAX:
-54.41%
SPY:
-55.19%
^XAX:
-5.32%
SPY:
-7.65%
Returns By Period
In the year-to-date period, ^XAX achieves a 9.21% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, ^XAX has underperformed SPY with an annualized return of 7.54%, while SPY has yielded a comparatively higher 12.24% annualized return.
^XAX
9.21%
11.64%
-2.42%
4.66%
22.49%
7.54%
SPY
-3.42%
5.69%
-5.06%
9.73%
16.26%
12.24%
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Risk-Adjusted Performance
^XAX vs. SPY — Risk-Adjusted Performance Rank
^XAX
SPY
^XAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE American Composite Index (^XAX) 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.
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Drawdowns
^XAX vs. SPY - Drawdown Comparison
The maximum ^XAX drawdown since its inception was -54.41%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XAX and SPY. For additional features, visit the drawdowns tool.
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Volatility
^XAX vs. SPY - Volatility Comparison
NYSE American Composite Index (^XAX) has a higher volatility of 7.86% compared to SPDR S&P 500 ETF (SPY) at 7.48%. This indicates that ^XAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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