NYT vs. INDEX

Last updated Jun 3, 2026

NYT (The New York Times Company) is a stock, while INDEX (Index Funds S&P 500 Equal Weight) is Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, NYT returned 21.21%/yr vs 13.11%/yr for INDEX. At a 0.46 correlation, their price movements are largely independent.

Performance

NYT vs. INDEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The New York Times Company (NYT) and Index Funds S&P 500 Equal Weight (INDEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NYT achieves a 8.96% return, which is significantly lower than INDEX's 11.39% return. Over the past 10 years, NYT has outperformed INDEX with an annualized return of 21.21%, while INDEX has yielded a comparatively lower 13.11% annualized return.

NYT

• 1D: -1.27%
• 1M: -4.42%
• YTD: 8.96%
• 6M: 17.99%
• 1Y: 33.59%
• 3Y*: 28.23%
• 5Y*: 13.46%
• 10Y*: 21.21%

INDEX

• 1D: 0.27%
• 1M: 5.21%
• YTD: 11.39%
• 6M: 11.76%
• 1Y: 29.43%
• 3Y*: 20.96%
• 5Y*: 11.55%
• 10Y*: 13.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NYT vs. INDEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NYT The New York Times Company	8.96%	35.06%	7.33%	52.60%	-32.16%	-6.18%	61.92%	45.26%	21.35%	40.50%
INDEX Index Funds S&P 500 Equal Weight	11.39%	17.77%	24.73%	10.58%	-11.84%	29.10%	12.75%	28.98%	-7.83%	18.70%

Correlation

The correlation between NYT and INDEX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 12, 2015	0.46

Over the past year, the correlation between NYT and INDEX has dropped to 0.10 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

NYT vs. INDEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NYT

NYT Risk / Return Rank: 76
NYT Sharpe Ratio Rank: 75
NYT Sortino Ratio Rank: 73
NYT Omega Ratio Rank: 75
NYT Calmar Ratio Rank: 78
NYT Martin Ratio Rank: 77

INDEX

INDEX Risk / Return Rank: 74
INDEX Sharpe Ratio Rank: 77
INDEX Sortino Ratio Rank: 69
INDEX Omega Ratio Rank: 69
INDEX Calmar Ratio Rank: 73
INDEX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NYT vs. INDEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The New York Times Company (NYT) and Index Funds S&P 500 Equal Weight (INDEX). 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.

	NYT	INDEX	Difference
Sharpe ratio Return per unit of total volatility	1.18	2.55	-1.37
Sortino ratio Return per unit of downside risk	1.95	3.46	-1.51
Omega ratio Gain probability vs. loss probability	1.27	1.46	-0.19
Calmar ratio Return relative to maximum drawdown	2.46	3.36	-0.89
Martin ratio Return relative to average drawdown	5.84	15.77	-9.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NYT vs. INDEX - Sharpe Ratio Comparison

The current NYT Sharpe Ratio is 1.18, which is lower than the INDEX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of NYT and INDEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NYT	INDEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.55	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.69	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.71	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.63	-0.36

Drawdowns

NYT vs. INDEX - Drawdown Comparison

The maximum NYT drawdown since its inception was -92.09%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for NYT and INDEX.

Drawdown Indicators

	NYT	INDEX	Difference
Max Drawdown Largest peak-to-trough decline	-92.09%	-38.82%	-53.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.51%	-8.93%	-4.58%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-18.75%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-49.83%	-21.52%	-28.31%
Max Drawdown (10Y) Largest decline over 10 years	-49.93%	-38.82%	-11.11%
Current Drawdown Current decline from peak	-12.37%	0.00%	-12.37%
Average Drawdown Average peak-to-trough decline	-32.19%	-4.63%	-27.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	1.90%	+3.80%

Volatility

NYT vs. INDEX - Volatility Comparison

The New York Times Company (NYT) has a higher volatility of 11.08% compared to Index Funds S&P 500 Equal Weight (INDEX) at 2.83%. This indicates that NYT's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NYT	INDEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.08%	2.83%	+8.25%
Volatility (6M) Calculated over the trailing 6-month period	19.44%	8.97%	+10.47%
Volatility (1Y) Calculated over the trailing 1-year period	28.62%	11.83%	+16.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.45%	16.76%	+12.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.71%	18.65%	+12.06%

Dividends

NYT vs. INDEX - Dividend Comparison

NYT's dividend yield for the trailing twelve months is around 1.02%, more than INDEX's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDEX Index Funds S&P 500 Equal Weight	0.93%	1.04%	1.97%	1.56%	3.25%	1.81%	1.53%	1.61%	3.09%	1.15%	0.00%	0.00%
NYT The New York Times Company	1.02%	0.97%	0.96%	0.86%	1.05%	0.56%	0.44%	0.59%	0.72%	0.86%	1.20%	1.19%

Frequently Asked Questions

Can I hold both NYT and INDEX in my portfolio?

NYT and INDEX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NYT or INDEX?

NYT has higher volatility (11.08%) compared to INDEX (2.83%). In terms of maximum drawdown, NYT dropped -92.09% vs INDEX's -38.82%.

Which has better risk-adjusted returns?

INDEX currently has the higher Sharpe Ratio (2.55 vs 1.18), 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.