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.
Key characteristics
GBPUSD=X | SPY | |
---|---|---|
YTD Return | -0.45% | 11.74% |
1Y Return | 2.13% | 28.12% |
3Y Return (Ann) | -3.52% | 10.36% |
5Y Return (Ann) | -0.07% | 14.97% |
10Y Return (Ann) | -2.70% | 12.97% |
Sharpe Ratio | -0.17 | 2.56 |
Daily Std Dev | 6.72% | 11.48% |
Max Drawdown | -57.14% | -55.19% |
Current Drawdown | -48.37% | -0.06% |
Correlation
The correlation between GBPUSD=X and SPY is 0.08, 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
In the year-to-date period, GBPUSD=X achieves a -0.45% return, which is significantly lower than SPY's 11.74% return. Over the past 10 years, GBPUSD=X has underperformed SPY with an annualized return of -2.70%, while SPY has yielded a comparatively higher 12.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 -57.14%, roughly equal to 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 1.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.96%. 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.