^BSE500 vs. SPY
Compare and contrast key facts about S&P BSE-500 (^BSE500) 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: ^BSE500 or SPY.
Key characteristics
^BSE500 | SPY | |
---|---|---|
YTD Return | 23.16% | 19.22% |
1Y Return | 35.52% | 28.25% |
3Y Return (Ann) | 16.64% | 9.99% |
5Y Return (Ann) | 22.43% | 15.19% |
10Y Return (Ann) | 14.03% | 12.84% |
Sharpe Ratio | 2.71 | 2.25 |
Daily Std Dev | 14.14% | 12.59% |
Max Drawdown | -38.39% | -55.19% |
Current Drawdown | 0.00% | -0.32% |
Correlation
The correlation between ^BSE500 and SPY is 0.23, 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.
Performance
^BSE500 vs. SPY - Performance Comparison
In the year-to-date period, ^BSE500 achieves a 23.16% return, which is significantly higher than SPY's 19.22% return. Over the past 10 years, ^BSE500 has outperformed SPY with an annualized return of 14.03%, while SPY has yielded a comparatively lower 12.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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
^BSE500 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE-500 (^BSE500) 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
^BSE500 vs. SPY - Drawdown Comparison
The maximum ^BSE500 drawdown since its inception was -38.39%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^BSE500 and SPY. For additional features, visit the drawdowns tool.
Volatility
^BSE500 vs. SPY - Volatility Comparison
The current volatility for S&P BSE-500 (^BSE500) is 2.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.82%. This indicates that ^BSE500 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.