^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:
1.06
SPY:
1.75
^DJI:
1.56
SPY:
2.36
^DJI:
1.20
SPY:
1.32
^DJI:
1.83
SPY:
2.66
^DJI:
4.92
SPY:
11.01
^DJI:
2.53%
SPY:
2.03%
^DJI:
11.75%
SPY:
12.77%
^DJI:
-53.78%
SPY:
-55.19%
^DJI:
-3.52%
SPY:
-2.12%
Returns By Period
In the year-to-date period, ^DJI achieves a 2.08% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, ^DJI has underperformed SPY with an annualized return of 9.10%, while SPY has yielded a comparatively higher 12.96% annualized return.
^DJI
2.08%
-1.65%
5.47%
11.16%
8.43%
9.10%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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Risk-Adjusted Performance
^DJI vs. SPY — Risk-Adjusted Performance Rank
^DJI
SPY
^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
The current volatility for Dow Jones Industrial Average (^DJI) is 3.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that ^DJI 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.