XMAG vs. ^GSPC
Compare and contrast key facts about Defiance Large Cap ex-Mag 7 ETF (XMAG) and S&P 500 (^GSPC).
XMAG is a passively managed fund by Defiance that tracks the performance of the BITA US 500 ex Magnificent 7 Index. It was launched on Oct 21, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMAG or ^GSPC.
Correlation
The correlation between XMAG and ^GSPC is 0.87, 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.
Performance
XMAG vs. ^GSPC - Performance Comparison
Key characteristics
XMAG:
20.84%
^GSPC:
19.41%
XMAG:
-16.17%
^GSPC:
-56.78%
XMAG:
-5.60%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, XMAG achieves a 0.89% return, which is significantly higher than ^GSPC's -3.31% return.
XMAG
0.89%
-0.02%
1.50%
N/A
N/A
N/A
^GSPC
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
XMAG vs. ^GSPC — Risk-Adjusted Performance Rank
XMAG
^GSPC
XMAG vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Large Cap ex-Mag 7 ETF (XMAG) 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.
Not enough dataDrawdowns
XMAG vs. ^GSPC - Drawdown Comparison
The maximum XMAG drawdown since its inception was -16.17%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XMAG and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
XMAG vs. ^GSPC - Volatility Comparison
The current volatility for Defiance Large Cap ex-Mag 7 ETF (XMAG) is 12.54%, while S&P 500 (^GSPC) has a volatility of 14.17%. This indicates that XMAG 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.