BIGT vs. ^SPXEW
Compare and contrast key facts about Roundhill Magnificent Seven ETF (BIGT) and S&P 500 Equal Weighted Index (^SPXEW).
BIGT is an actively managed fund by Roundhill. It was launched on Apr 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIGT or ^SPXEW.
Performance
BIGT vs. ^SPXEW - Performance Comparison
Returns By Period
In the year-to-date period, BIGT achieves a 54.53% return, which is significantly higher than ^SPXEW's 16.41% return.
BIGT
54.53%
7.71%
25.86%
57.99%
N/A
N/A
^SPXEW
16.41%
2.43%
11.65%
25.57%
10.50%
8.66%
Key characteristics
| BIGT | ^SPXEW | |
|---|---|---|
| Sharpe Ratio | 2.30 | 2.26 |
| Sortino Ratio | 2.94 | 3.14 |
| Omega Ratio | 1.39 | 1.40 |
| Calmar Ratio | 3.16 | 2.38 |
| Martin Ratio | 10.27 | 12.47 |
| Ulcer Index | 5.57% | 2.10% |
| Daily Std Dev | 24.92% | 11.55% |
| Max Drawdown | -18.10% | -60.83% |
| Current Drawdown | -1.22% | -0.54% |
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Correlation
The correlation between BIGT and ^SPXEW is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BIGT vs. ^SPXEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (BIGT) 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
BIGT vs. ^SPXEW - Drawdown Comparison
The maximum BIGT drawdown since its inception was -18.10%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for BIGT and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
BIGT vs. ^SPXEW - Volatility Comparison
Roundhill Magnificent Seven ETF (BIGT) has a higher volatility of 7.95% compared to S&P 500 Equal Weighted Index (^SPXEW) at 3.64%. This indicates that BIGT'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.