GBPUSD=X vs. SPY
Compare and contrast key facts about GBP/USD (GBPUSD=X) 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: GBPUSD=X or SPY.
Correlation
The correlation between GBPUSD=X and SPY is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBPUSD=X vs. SPY - Performance Comparison
Key characteristics
GBPUSD=X:
-0.24
SPY:
2.17
GBPUSD=X:
-0.28
SPY:
2.88
GBPUSD=X:
0.97
SPY:
1.41
GBPUSD=X:
-0.04
SPY:
3.19
GBPUSD=X:
-0.59
SPY:
14.10
GBPUSD=X:
2.52%
SPY:
1.90%
GBPUSD=X:
6.15%
SPY:
12.39%
GBPUSD=X:
-49.30%
SPY:
-55.19%
GBPUSD=X:
-40.81%
SPY:
-3.19%
Returns By Period
In the year-to-date period, GBPUSD=X achieves a -2.00% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, GBPUSD=X has underperformed SPY with an annualized return of -2.13%, while SPY has yielded a comparatively higher 12.92% annualized return.
GBPUSD=X
-2.00%
-1.62%
-1.42%
-1.28%
-0.80%
-2.13%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
GBPUSD=X vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GBP/USD (GBPUSD=X) 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
GBPUSD=X vs. SPY - Drawdown Comparison
The maximum GBPUSD=X drawdown since its inception was -49.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and SPY. For additional features, visit the drawdowns tool.
Volatility
GBPUSD=X vs. SPY - Volatility Comparison
The current volatility for GBP/USD (GBPUSD=X) is 2.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.59%. This indicates that GBPUSD=X 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.