Correlation
The correlation between ^AXAF and ^GSPC is 0.35, 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.
^AXAF vs. ^GSPC
Compare and contrast key facts about S&P/ASX All Australian 50 Index (^AXAF) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AXAF or ^GSPC.
Performance
^AXAF vs. ^GSPC - Performance Comparison
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Key characteristics
^AXAF:
0.72
^GSPC:
0.66
^AXAF:
0.83
^GSPC:
0.94
^AXAF:
1.12
^GSPC:
1.14
^AXAF:
0.53
^GSPC:
0.60
^AXAF:
1.93
^GSPC:
2.28
^AXAF:
3.87%
^GSPC:
5.01%
^AXAF:
12.98%
^GSPC:
19.77%
^AXAF:
-51.77%
^GSPC:
-56.78%
^AXAF:
-1.78%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ^AXAF achieves a 2.69% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, ^AXAF has underperformed ^GSPC with an annualized return of 3.83%, while ^GSPC has yielded a comparatively higher 10.85% annualized return.
^AXAF
2.69%
3.08%
-0.45%
8.98%
5.57%
8.21%
3.83%
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
^AXAF vs. ^GSPC — Risk-Adjusted Performance Rank
^AXAF
^GSPC
^AXAF vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/ASX All Australian 50 Index (^AXAF) 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
^AXAF vs. ^GSPC - Drawdown Comparison
The maximum ^AXAF drawdown since its inception was -51.77%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^AXAF and ^GSPC.
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Volatility
^AXAF vs. ^GSPC - Volatility Comparison
The current volatility for S&P/ASX All Australian 50 Index (^AXAF) is 2.35%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that ^AXAF 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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