Correlation
The correlation between SSPY and ^GSPC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SSPY vs. ^GSPC
Compare and contrast key facts about Syntax Stratified LargeCap ETF (SSPY) and S&P 500 (^GSPC).
SSPY is a passively managed fund by Syntax Advisors that tracks the performance of the Syntax Stratified LargeCap Index. It was launched on Jan 4, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSPY or ^GSPC.
Performance
SSPY vs. ^GSPC - Performance Comparison
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Key characteristics
SSPY:
0.43
^GSPC:
0.66
SSPY:
0.67
^GSPC:
0.94
SSPY:
1.09
^GSPC:
1.14
SSPY:
0.41
^GSPC:
0.60
SSPY:
1.58
^GSPC:
2.28
SSPY:
4.21%
^GSPC:
5.01%
SSPY:
17.28%
^GSPC:
19.77%
SSPY:
-36.67%
^GSPC:
-56.78%
SSPY:
-3.64%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, SSPY achieves a 2.16% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, SSPY has underperformed ^GSPC with an annualized return of 10.20%, while ^GSPC has yielded a comparatively higher 10.85% annualized return.
SSPY
2.16%
3.98%
-3.64%
6.01%
7.50%
13.56%
10.20%
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
SSPY vs. ^GSPC — Risk-Adjusted Performance Rank
SSPY
^GSPC
SSPY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Syntax Stratified LargeCap ETF (SSPY) and S&P 500 (^GSPC). 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
SSPY vs. ^GSPC - Drawdown Comparison
The maximum SSPY drawdown since its inception was -36.67%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SSPY and ^GSPC.
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Volatility
SSPY vs. ^GSPC - Volatility Comparison
The current volatility for Syntax Stratified LargeCap ETF (SSPY) is 4.45%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that SSPY experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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