^XCMP vs. SPY
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) 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: ^XCMP or SPY.
Key characteristics
| ^XCMP | SPY | |
|---|---|---|
| YTD Return | 18.43% | 18.37% |
| 1Y Return | 27.95% | 26.96% |
| 3Y Return (Ann) | 6.33% | 9.40% |
| 5Y Return (Ann) | 17.51% | 15.01% |
| 10Y Return (Ann) | 15.62% | 12.90% |
| Sharpe Ratio | 2.06 | 2.14 |
| Daily Std Dev | 17.55% | 12.67% |
| Max Drawdown | -35.83% | -55.19% |
| Current Drawdown | -5.03% | -1.02% |
Correlation
The correlation between ^XCMP and SPY is 0.92, 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
^XCMP vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with ^XCMP having a 18.43% return and SPY slightly lower at 18.37%. Over the past 10 years, ^XCMP has outperformed SPY with an annualized return of 15.62%, while SPY has yielded a comparatively lower 12.90% 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
^XCMP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) 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
^XCMP vs. SPY - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XCMP and SPY. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. SPY - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 6.19% compared to SPDR S&P 500 ETF (SPY) at 3.91%. This indicates that ^XCMP'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.