^XSP vs. SPY
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) 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: ^XSP or SPY.
Correlation
The correlation between ^XSP and SPY is 1.00, 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. SPY - Performance Comparison
Key characteristics
^XSP:
0.46
SPY:
0.51
^XSP:
0.77
SPY:
0.86
^XSP:
1.11
SPY:
1.13
^XSP:
0.47
SPY:
0.55
^XSP:
1.94
SPY:
2.26
^XSP:
4.61%
SPY:
4.55%
^XSP:
19.44%
SPY:
20.08%
^XSP:
-25.43%
SPY:
-55.19%
^XSP:
-10.07%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both investments are quite close, with ^XSP having a -6.06% return and SPY slightly higher at -5.76%.
^XSP
-6.06%
-3.27%
-4.87%
9.44%
N/A
N/A
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
^XSP vs. SPY — Risk-Adjusted Performance Rank
^XSP
SPY
^XSP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) 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
^XSP vs. SPY - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XSP and SPY. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. SPY - Volatility Comparison
The current volatility for S&P 500 Mini-SPX Options Index (^XSP) is 14.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that ^XSP 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.