^XBD vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about NYSE Arca Securities Broker/Dealer Index (^XBD) and S&P 500 Index (^GSPC).

Performance

^XBD vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYSE Arca Securities Broker/Dealer Index (^XBD) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

^XBD vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^XBD NYSE Arca Securities Broker/Dealer Index	-3.11%	27.31%	44.51%	24.08%	-7.75%	28.94%	30.03%	22.35%	-10.52%	29.21%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ^XBD achieves a -3.11% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, ^XBD has outperformed ^GSPC with an annualized return of 19.75%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

^XBD

• 1D: 0.14%
• 1M: -4.44%
• YTD: -3.11%
• 6M: -4.77%
• 1Y: 22.11%
• 3Y*: 29.11%
• 5Y*: 17.16%
• 10Y*: 19.75%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^XBD vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^XBD

^XBD Risk / Return Rank: 56
^XBD Sharpe Ratio Rank: 55
^XBD Sortino Ratio Rank: 54
^XBD Omega Ratio Rank: 52
^XBD Calmar Ratio Rank: 66
^XBD Martin Ratio Rank: 54

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^XBD vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Securities Broker/Dealer Index (^XBD) and S&P 500 Index (^GSPC). 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.

	^XBD	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.86	0.92	-0.05
Sortino ratio Return per unit of downside risk	1.32	1.41	-0.09
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.58	1.41	+0.16
Martin ratio Return relative to average drawdown	4.87	6.61	-1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^XBD vs. ^GSPC - Sharpe Ratio Comparison

The current ^XBD Sharpe Ratio is 0.86, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ^XBD and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^XBD	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.92	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.61	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.68	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.46	0.00

Correlation

The correlation between ^XBD and ^GSPC is 0.77, 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.

Drawdowns

^XBD vs. ^GSPC - Drawdown Comparison

The maximum ^XBD drawdown since its inception was -80.20%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^XBD and ^GSPC.

Drawdown Indicators

	^XBD	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-80.20%	-56.78%	-23.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-12.14%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-27.98%	-25.43%	-2.55%
Max Drawdown (10Y) Largest decline over 10 years	-41.25%	-33.92%	-7.33%
Current Drawdown Current decline from peak	-9.59%	-5.78%	-3.81%
Average Drawdown Average peak-to-trough decline	-22.41%	-10.75%	-11.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	2.60%	+2.14%

Volatility

^XBD vs. ^GSPC - Volatility Comparison

NYSE Arca Securities Broker/Dealer Index (^XBD) has a higher volatility of 6.98% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that ^XBD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^XBD	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	5.37%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	9.55%	+7.06%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	18.33%	+7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	16.90%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	18.05%	+6.58%