^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.
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
Key characteristics
^BSE500:
1.02
SPY:
2.17
^BSE500:
1.36
SPY:
2.88
^BSE500:
1.22
SPY:
1.41
^BSE500:
1.37
SPY:
3.19
^BSE500:
4.38
SPY:
14.10
^BSE500:
3.46%
SPY:
1.90%
^BSE500:
14.78%
SPY:
12.39%
^BSE500:
-38.39%
SPY:
-55.19%
^BSE500:
-9.05%
SPY:
-3.19%
Returns By Period
In the year-to-date period, ^BSE500 achieves a 14.34% return, which is significantly lower than SPY's 24.97% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: ^BSE500 at 12.92% and SPY at 12.92%.
^BSE500
14.34%
1.37%
0.04%
17.29%
17.60%
12.92%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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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
S&P BSE-500 (^BSE500) has a higher volatility of 4.58% compared to SPDR S&P 500 ETF (SPY) at 3.59%. This indicates that ^BSE500's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.