^AW03 vs. SPY
Compare and contrast key facts about FTSE All World ex UK Index (^AW03) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AW03 or SPY.
Key characteristics
^AW03 | SPY | |
---|---|---|
YTD Return | 10.45% | 14.41% |
1Y Return | 18.46% | 23.17% |
3Y Return (Ann) | 2.39% | 7.77% |
5Y Return (Ann) | 8.96% | 14.45% |
10Y Return (Ann) | 6.66% | 12.50% |
Sharpe Ratio | 1.77 | 1.81 |
Daily Std Dev | 10.62% | 12.61% |
Max Drawdown | -58.89% | -55.19% |
Current Drawdown | -3.67% | -4.34% |
Correlation
The correlation between ^AW03 and SPY is 0.86, 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
^AW03 vs. SPY - Performance Comparison
In the year-to-date period, ^AW03 achieves a 10.45% return, which is significantly lower than SPY's 14.41% return. Over the past 10 years, ^AW03 has underperformed SPY with an annualized return of 6.66%, while SPY has yielded a comparatively higher 12.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^AW03 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FTSE All World ex UK Index (^AW03) and SPDR S&P 500 ETF (SPY). 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.
Drawdowns
^AW03 vs. SPY - Drawdown Comparison
The maximum ^AW03 drawdown since its inception was -58.89%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^AW03 and SPY. For additional features, visit the drawdowns tool.
Volatility
^AW03 vs. SPY - Volatility Comparison
The current volatility for FTSE All World ex UK Index (^AW03) is 3.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.24%. This indicates that ^AW03 experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.