Correlation
The correlation between ^GSPC and XLP is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^GSPC vs. XLP
Compare and contrast key facts about S&P 500 (^GSPC) and Consumer Staples Select Sector SPDR Fund (XLP).
XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPC or XLP.
Performance
^GSPC vs. XLP - Performance Comparison
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Key characteristics
^GSPC:
0.62
XLP:
0.82
^GSPC:
0.94
XLP:
1.05
^GSPC:
1.14
XLP:
1.13
^GSPC:
0.61
XLP:
1.11
^GSPC:
2.29
XLP:
2.94
^GSPC:
5.01%
XLP:
3.15%
^GSPC:
19.79%
XLP:
13.38%
^GSPC:
-56.78%
XLP:
-35.89%
^GSPC:
-3.78%
XLP:
-1.26%
Returns By Period
In the year-to-date period, ^GSPC achieves a 0.52% return, which is significantly lower than XLP's 5.01% return. Over the past 10 years, ^GSPC has outperformed XLP with an annualized return of 10.84%, while XLP has yielded a comparatively lower 8.18% annualized return.
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
XLP
5.01%
1.07%
0.45%
10.92%
5.86%
9.60%
8.18%
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Risk-Adjusted Performance
^GSPC vs. XLP — Risk-Adjusted Performance Rank
^GSPC
XLP
^GSPC vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) and Consumer Staples Select Sector SPDR Fund (XLP). 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
^GSPC vs. XLP - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than XLP's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for ^GSPC and XLP.
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Volatility
^GSPC vs. XLP - Volatility Comparison
S&P 500 (^GSPC) has a higher volatility of 4.76% compared to Consumer Staples Select Sector SPDR Fund (XLP) at 3.67%. This indicates that ^GSPC's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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