^XSP vs. TGT
^XSP (Cboe Mini-SPX Index) is an index, while TGT (Target Corporation) is a stock. Over the past 5 years, ^XSP returned 11.25%/yr vs -8.42%/yr for TGT. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
^XSP vs. TGT - Performance Comparison
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Returns By Period
In the year-to-date period, ^XSP achieves a 9.41% return, which is significantly lower than TGT's 50.73% return.
^XSP
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- —
- ALL TIME*
- 13.12%
TGT
- 1D
- -0.01%
- 1M
- 10.97%
- 6M
- 39.70%
- YTD
- 50.73%
- 1Y
- 51.16%
- 3Y*
- 6.67%
- 5Y*
- -8.42%
- 10Y*
- 10.20%
- ALL TIME*
- 11.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $431.21M | $508.68M | $632.93M |
^XSP vs. TGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
^XSP Cboe Mini-SPX Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 24.04% |
TGT Target Corporation | 50.73% | -24.50% | -2.27% | -1.35% | -34.24% | 27.44% |
Correlation
The correlation between ^XSP and TGT is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2021 | 0.44 |
Over the past year, the correlation between ^XSP and TGT has dropped to 0.17 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
^XSP vs. TGT — Risk / Return Rank
^XSP
TGT
^XSP vs. TGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Mini-SPX Index (^XSP) and Target Corporation (TGT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^XSP | TGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.57 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.49 | 6.07 | +2.42 |
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Drawdowns
^XSP vs. TGT - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum TGT drawdown of -64.40%. Use the drawdown chart below to compare losses from any high point for ^XSP and TGT.
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Drawdown Indicators
| ^XSP | TGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -64.40% | +38.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -19.58% | +10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -49.78% | +30.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -64.40% | +38.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.40% | — |
Current DrawdownCurrent decline from peak | -1.58% | -37.31% | +35.73% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -17.17% | +11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 8.27% | -6.13% |
Volatility
^XSP vs. TGT - Volatility Comparison
The current volatility for Cboe Mini-SPX Index (^XSP) is 3.51%, while Target Corporation (TGT) has a volatility of 8.19%. This indicates that ^XSP experiences smaller price fluctuations and is considered to be less risky than TGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^XSP | TGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 8.19% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 22.84% | -12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 30.72% | -17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 35.90% | -18.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 33.49% | -16.77% |
Frequently Asked Questions
^XSP and TGT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGT has higher volatility (8.19%) compared to ^XSP (3.51%). In terms of maximum drawdown, ^XSP dropped -25.43% vs TGT's -64.40%.
TGT currently has the higher Sharpe Ratio (1.64 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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