Correlation
The correlation between ^DWGROT 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.
^DWGROT vs. ^GSPC
Compare and contrast key facts about Dow Jones U.S. Growth Total Stock Market Index (^DWGROT) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DWGROT or ^GSPC.
Performance
^DWGROT vs. ^GSPC - Performance Comparison
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Key characteristics
^DWGROT:
0.66
^GSPC:
0.66
^DWGROT:
0.95
^GSPC:
0.94
^DWGROT:
1.13
^GSPC:
1.14
^DWGROT:
0.61
^GSPC:
0.60
^DWGROT:
2.02
^GSPC:
2.28
^DWGROT:
7.06%
^GSPC:
5.01%
^DWGROT:
25.55%
^GSPC:
19.77%
^DWGROT:
-34.14%
^GSPC:
-56.78%
^DWGROT:
-5.29%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ^DWGROT achieves a -1.22% return, which is significantly lower than ^GSPC's 0.51% return.
^DWGROT
-1.22%
7.17%
-0.90%
16.51%
20.23%
17.53%
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
^DWGROT vs. ^GSPC — Risk-Adjusted Performance Rank
^DWGROT
^GSPC
^DWGROT vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Growth Total Stock Market Index (^DWGROT) 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.
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Drawdowns
^DWGROT vs. ^GSPC - Drawdown Comparison
The maximum ^DWGROT drawdown since its inception was -34.14%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^DWGROT and ^GSPC.
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Volatility
^DWGROT vs. ^GSPC - Volatility Comparison
Dow Jones U.S. Growth Total Stock Market Index (^DWGROT) has a higher volatility of 5.84% compared to S&P 500 (^GSPC) at 4.77%. This indicates that ^DWGROT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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