Correlation
The correlation between ^DJUS and SPY is 0.98, 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.
^DJUS vs. SPY
Compare and contrast key facts about Dow Jones U.S. Index (^DJUS) 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: ^DJUS or SPY.
Performance
^DJUS vs. SPY - Performance Comparison
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Key characteristics
^DJUS:
0.65
SPY:
0.70
^DJUS:
0.99
SPY:
1.02
^DJUS:
1.14
SPY:
1.15
^DJUS:
0.63
SPY:
0.68
^DJUS:
2.36
SPY:
2.57
^DJUS:
5.20%
SPY:
4.93%
^DJUS:
20.02%
SPY:
20.42%
^DJUS:
-56.62%
SPY:
-55.19%
^DJUS:
-4.05%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ^DJUS achieves a 0.39% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, ^DJUS has underperformed SPY with an annualized return of 10.46%, while SPY has yielded a comparatively higher 12.73% annualized return.
^DJUS
0.39%
6.30%
-2.52%
12.88%
12.49%
13.84%
10.46%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
^DJUS vs. SPY — Risk-Adjusted Performance Rank
^DJUS
SPY
^DJUS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Index (^DJUS) 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
^DJUS vs. SPY - Drawdown Comparison
The maximum ^DJUS drawdown since its inception was -56.62%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DJUS and SPY.
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Volatility
^DJUS vs. SPY - Volatility Comparison
Dow Jones U.S. Index (^DJUS) and SPDR S&P 500 ETF (SPY) have volatilities of 4.85% and 4.86%, 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.
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