^XSP vs. ^SPXEW
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) and S&P 500 Equal Weighted Index (^SPXEW).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XSP or ^SPXEW.
Correlation
The correlation between ^XSP and ^SPXEW is 0.89, 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
^XSP vs. ^SPXEW - Performance Comparison
Key characteristics
^XSP:
0.89
^SPXEW:
0.60
^XSP:
1.26
^SPXEW:
0.90
^XSP:
1.17
^SPXEW:
1.11
^XSP:
1.40
^SPXEW:
0.93
^XSP:
5.26
^SPXEW:
2.29
^XSP:
2.25%
^SPXEW:
3.05%
^XSP:
13.22%
^SPXEW:
11.70%
^XSP:
-25.43%
^SPXEW:
-60.83%
^XSP:
-6.60%
^SPXEW:
-6.76%
Returns By Period
In the year-to-date period, ^XSP achieves a -2.43% return, which is significantly lower than ^SPXEW's -0.34% return.
^XSP
-2.43%
-4.96%
4.27%
12.41%
N/A
N/A
^SPXEW
-0.34%
-3.16%
1.50%
6.34%
11.29%
8.01%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^XSP vs. ^SPXEW — Risk-Adjusted Performance Rank
^XSP
^SPXEW
^XSP vs. ^SPXEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) and S&P 500 Equal Weighted Index (^SPXEW). 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
^XSP vs. ^SPXEW - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for ^XSP and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. ^SPXEW - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) has a higher volatility of 5.16% compared to S&P 500 Equal Weighted Index (^SPXEW) at 4.06%. This indicates that ^XSP's price experiences larger fluctuations and is considered to be riskier than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.