^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:
0.45
SPY:
1.99
^BSE500:
0.66
SPY:
2.66
^BSE500:
1.10
SPY:
1.36
^BSE500:
0.46
SPY:
3.02
^BSE500:
1.30
SPY:
12.56
^BSE500:
5.23%
SPY:
2.02%
^BSE500:
15.15%
SPY:
12.74%
^BSE500:
-38.39%
SPY:
-55.19%
^BSE500:
-12.78%
SPY:
-1.96%
Returns By Period
In the year-to-date period, ^BSE500 achieves a -4.27% return, which is significantly lower than SPY's 1.99% return. Over the past 10 years, ^BSE500 has underperformed SPY with an annualized return of 11.90%, while SPY has yielded a comparatively higher 13.27% annualized return.
^BSE500
-4.27%
-5.65%
-5.42%
7.03%
16.53%
11.90%
SPY
1.99%
0.98%
16.28%
22.47%
14.20%
13.27%
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Risk-Adjusted Performance
^BSE500 vs. SPY — Risk-Adjusted Performance Rank
^BSE500
SPY
^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 5.94% compared to SPDR S&P 500 ETF (SPY) at 3.77%. 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.