Correlation
The correlation between ^DJTMDI and SPY is 0.73, 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.
^DJTMDI vs. SPY
Compare and contrast key facts about Dow Jones Media Titans 30 Index (^DJTMDI) 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: ^DJTMDI or SPY.
Performance
^DJTMDI vs. SPY - Performance Comparison
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Key characteristics
^DJTMDI:
1.12
SPY:
0.70
^DJTMDI:
1.68
SPY:
1.02
^DJTMDI:
1.24
SPY:
1.15
^DJTMDI:
0.76
SPY:
0.68
^DJTMDI:
3.89
SPY:
2.57
^DJTMDI:
6.36%
SPY:
4.93%
^DJTMDI:
19.90%
SPY:
20.42%
^DJTMDI:
-50.37%
SPY:
-55.19%
^DJTMDI:
-14.05%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ^DJTMDI achieves a 6.89% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, ^DJTMDI has underperformed SPY with an annualized return of 3.56%, while SPY has yielded a comparatively higher 12.73% annualized return.
^DJTMDI
6.89%
9.88%
0.90%
22.09%
10.06%
6.33%
3.56%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
^DJTMDI vs. SPY — Risk-Adjusted Performance Rank
^DJTMDI
SPY
^DJTMDI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Media Titans 30 Index (^DJTMDI) 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.
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Drawdowns
^DJTMDI vs. SPY - Drawdown Comparison
The maximum ^DJTMDI drawdown since its inception was -50.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DJTMDI and SPY.
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Volatility
^DJTMDI vs. SPY - Volatility Comparison
The current volatility for Dow Jones Media Titans 30 Index (^DJTMDI) is 4.09%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that ^DJTMDI 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.
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