Correlation
The correlation between SNPE and ^XSP is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SNPE vs. ^XSP
Compare and contrast key facts about Xtrackers S&P 500 ESG ETF (SNPE) and S&P 500 Mini-SPX Options Index (^XSP).
SNPE is a passively managed fund by Deutsche Bank that tracks the performance of the S&P 500 ESG Index. It was launched on Jun 26, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNPE or ^XSP.
Performance
SNPE vs. ^XSP - Performance Comparison
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Key characteristics
SNPE:
0.52
^XSP:
0.66
SNPE:
0.77
^XSP:
0.94
SNPE:
1.11
^XSP:
1.14
SNPE:
0.46
^XSP:
0.60
SNPE:
1.68
^XSP:
2.28
SNPE:
5.27%
^XSP:
5.01%
SNPE:
19.83%
^XSP:
19.77%
SNPE:
-33.38%
^XSP:
-25.43%
SNPE:
-5.04%
^XSP:
-3.78%
Returns By Period
In the year-to-date period, SNPE achieves a -1.33% return, which is significantly lower than ^XSP's 0.51% return.
SNPE
-1.33%
5.60%
-4.18%
10.27%
13.60%
16.04%
N/A
^XSP
0.51%
6.15%
-2.00%
12.92%
12.68%
N/A
N/A
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Risk-Adjusted Performance
SNPE vs. ^XSP — Risk-Adjusted Performance Rank
SNPE
^XSP
SNPE vs. ^XSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 ESG ETF (SNPE) and S&P 500 Mini-SPX Options Index (^XSP). 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.
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Drawdowns
SNPE vs. ^XSP - Drawdown Comparison
The maximum SNPE drawdown since its inception was -33.38%, which is greater than ^XSP's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for SNPE and ^XSP.
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Volatility
SNPE vs. ^XSP - Volatility Comparison
Xtrackers S&P 500 ESG ETF (SNPE) and S&P 500 Mini-SPX Options Index (^XSP) have volatilities of 4.93% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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