^IBEX vs. ^GSPC
Compare and contrast key facts about IBEX 35 Index (^IBEX) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or ^GSPC.
Key characteristics
^IBEX | ^GSPC | |
---|---|---|
YTD Return | 12.13% | 11.18% |
1Y Return | 22.95% | 26.33% |
3Y Return (Ann) | 7.08% | 8.72% |
5Y Return (Ann) | 3.99% | 13.16% |
10Y Return (Ann) | 0.79% | 10.99% |
Sharpe Ratio | 1.88 | 2.38 |
Daily Std Dev | 12.34% | 11.54% |
Max Drawdown | -62.65% | -56.78% |
Current Drawdown | -28.96% | -0.09% |
Correlation
The correlation between ^IBEX and ^GSPC is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^IBEX vs. ^GSPC - Performance Comparison
In the year-to-date period, ^IBEX achieves a 12.13% return, which is significantly higher than ^GSPC's 11.18% return. Over the past 10 years, ^IBEX has underperformed ^GSPC with an annualized return of 0.79%, while ^GSPC has yielded a comparatively higher 10.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^IBEX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) 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.
Drawdowns
^IBEX vs. ^GSPC - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^IBEX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. ^GSPC - Volatility Comparison
IBEX 35 Index (^IBEX) has a higher volatility of 4.81% compared to S&P 500 (^GSPC) at 3.36%. This indicates that ^IBEX'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.