Correlation
The correlation between SNPG and ^BSE500 is 0.14, 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.
SNPG vs. ^BSE500
Compare and contrast key facts about Xtrackers S&P 500 Growth ESG ETF (SNPG) and S&P BSE-500 (^BSE500).
SNPG is a passively managed fund by Xtrackers that tracks the performance of the S&P 500 Growth ESG Index. It was launched on Nov 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNPG or ^BSE500.
Performance
SNPG vs. ^BSE500 - Performance Comparison
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Key characteristics
SNPG:
0.67
^BSE500:
0.46
SNPG:
0.97
^BSE500:
0.55
SNPG:
1.13
^BSE500:
1.08
SNPG:
0.63
^BSE500:
0.29
SNPG:
2.15
^BSE500:
0.62
SNPG:
6.32%
^BSE500:
8.96%
SNPG:
23.37%
^BSE500:
17.07%
SNPG:
-21.69%
^BSE500:
-38.39%
SNPG:
-4.35%
^BSE500:
-7.26%
Returns By Period
In the year-to-date period, SNPG achieves a 0.15% return, which is significantly lower than ^BSE500's 1.78% return.
SNPG
0.15%
6.29%
-0.73%
15.06%
N/A
N/A
N/A
^BSE500
1.78%
3.39%
0.25%
7.41%
16.76%
23.60%
12.77%
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Risk-Adjusted Performance
SNPG vs. ^BSE500 — Risk-Adjusted Performance Rank
SNPG
^BSE500
SNPG vs. ^BSE500 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Growth ESG ETF (SNPG) and S&P BSE-500 (^BSE500). 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
SNPG vs. ^BSE500 - Drawdown Comparison
The maximum SNPG drawdown since its inception was -21.69%, smaller than the maximum ^BSE500 drawdown of -38.39%. Use the drawdown chart below to compare losses from any high point for SNPG and ^BSE500.
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Volatility
SNPG vs. ^BSE500 - Volatility Comparison
Xtrackers S&P 500 Growth ESG ETF (SNPG) and S&P BSE-500 (^BSE500) have volatilities of 5.04% and 4.99%, 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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