Correlation
The correlation between ^GSPC and XLY is 0.84, 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.
^GSPC vs. XLY
Compare and contrast key facts about S&P 500 (^GSPC) and Consumer Discretionary Select Sector SPDR Fund (XLY).
XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary 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 XLY.
Performance
^GSPC vs. XLY - Performance Comparison
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Key characteristics
^GSPC:
0.62
XLY:
0.97
^GSPC:
0.94
XLY:
1.44
^GSPC:
1.14
XLY:
1.19
^GSPC:
0.61
XLY:
0.91
^GSPC:
2.29
XLY:
2.60
^GSPC:
5.01%
XLY:
9.05%
^GSPC:
19.79%
XLY:
25.74%
^GSPC:
-56.78%
XLY:
-59.05%
^GSPC:
-3.78%
XLY:
-9.80%
Returns By Period
In the year-to-date period, ^GSPC achieves a 0.52% return, which is significantly higher than XLY's -3.92% return. Over the past 10 years, ^GSPC has underperformed XLY with an annualized return of 10.84%, while XLY has yielded a comparatively higher 12.14% annualized return.
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
XLY
-3.92%
7.99%
-1.85%
24.67%
12.82%
12.51%
12.14%
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Risk-Adjusted Performance
^GSPC vs. XLY — Risk-Adjusted Performance Rank
^GSPC
XLY
^GSPC vs. XLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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. XLY - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, roughly equal to the maximum XLY drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for ^GSPC and XLY.
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Volatility
^GSPC vs. XLY - Volatility Comparison
The current volatility for S&P 500 (^GSPC) is 4.76%, while Consumer Discretionary Select Sector SPDR Fund (XLY) has a volatility of 6.95%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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