^DJI vs. SPY
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) 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: ^DJI or SPY.
Correlation
The correlation between ^DJI and SPY is 0.91, 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
^DJI vs. SPY - Performance Comparison
Key characteristics
^DJI:
1.13
SPY:
2.03
^DJI:
1.64
SPY:
2.71
^DJI:
1.21
SPY:
1.38
^DJI:
2.10
SPY:
3.02
^DJI:
6.06
SPY:
13.49
^DJI:
2.10%
SPY:
1.88%
^DJI:
11.32%
SPY:
12.48%
^DJI:
-53.78%
SPY:
-55.19%
^DJI:
-5.94%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ^DJI achieves a 12.34% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, ^DJI has underperformed SPY with an annualized return of 8.98%, while SPY has yielded a comparatively higher 12.94% annualized return.
^DJI
12.34%
-2.14%
8.20%
14.19%
8.29%
8.98%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
^DJI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) 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
^DJI vs. SPY - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DJI and SPY. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. SPY - Volatility Comparison
Dow Jones Industrial Average (^DJI) and SPDR S&P 500 ETF (SPY) have volatilities of 3.60% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.