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^DJI vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^DJI and ^GSPC is 0.94, 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.


-0.50.00.51.00.9

Performance

^DJI vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
8.20%
7.20%
^DJI
^GSPC

Key characteristics

Sharpe Ratio

^DJI:

1.13

^GSPC:

1.83

Sortino Ratio

^DJI:

1.64

^GSPC:

2.46

Omega Ratio

^DJI:

1.21

^GSPC:

1.34

Calmar Ratio

^DJI:

2.10

^GSPC:

2.72

Martin Ratio

^DJI:

6.06

^GSPC:

11.89

Ulcer Index

^DJI:

2.10%

^GSPC:

1.94%

Daily Std Dev

^DJI:

11.32%

^GSPC:

12.57%

Max Drawdown

^DJI:

-53.78%

^GSPC:

-56.78%

Current Drawdown

^DJI:

-5.94%

^GSPC:

-3.66%

Returns By Period

In the year-to-date period, ^DJI achieves a 12.34% return, which is significantly lower than ^GSPC's 23.00% return. Over the past 10 years, ^DJI has underperformed ^GSPC with an annualized return of 8.98%, while ^GSPC has yielded a comparatively higher 10.96% annualized return.


^DJI

YTD

12.34%

1M

-2.14%

6M

8.20%

1Y

14.19%

5Y*

8.29%

10Y*

8.98%

^GSPC

YTD

23.00%

1M

-0.84%

6M

7.20%

1Y

24.88%

5Y*

12.77%

10Y*

10.96%

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Risk-Adjusted Performance

^DJI vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC). 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.


Sharpe ratio
The chart of Sharpe ratio for ^DJI, currently valued at 1.13, compared to the broader market-1.000.001.002.001.131.83
The chart of Sortino ratio for ^DJI, currently valued at 1.64, compared to the broader market-1.000.001.002.003.001.642.46
The chart of Omega ratio for ^DJI, currently valued at 1.21, compared to the broader market0.800.901.001.101.201.301.401.211.34
The chart of Calmar ratio for ^DJI, currently valued at 2.10, compared to the broader market0.001.002.003.004.002.102.72
The chart of Martin ratio for ^DJI, currently valued at 6.06, compared to the broader market0.005.0010.0015.006.0611.89
^DJI
^GSPC

The current ^DJI Sharpe Ratio is 1.13, which is lower than the ^GSPC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of ^DJI and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.13
1.83
^DJI
^GSPC

Drawdowns

^DJI vs. ^GSPC - Drawdown Comparison

The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^DJI and ^GSPC. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.94%
-3.66%
^DJI
^GSPC

Volatility

^DJI vs. ^GSPC - Volatility Comparison

Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) have volatilities of 3.60% and 3.62%, 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.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.60%
3.62%
^DJI
^GSPC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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