^IMUS vs. SPY
Compare and contrast key facts about Dow Jones Islamic Market U.S. Index (^IMUS) 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: ^IMUS or SPY.
Correlation
The correlation between ^IMUS and SPY is 0.96, 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.
Performance
^IMUS vs. SPY - Performance Comparison
Key characteristics
^IMUS:
0.23
SPY:
0.54
^IMUS:
-0.11
SPY:
0.90
^IMUS:
0.98
SPY:
1.13
^IMUS:
-0.18
SPY:
0.57
^IMUS:
-0.57
SPY:
2.24
^IMUS:
6.81%
SPY:
4.82%
^IMUS:
19.89%
SPY:
20.02%
^IMUS:
-47.72%
SPY:
-55.19%
^IMUS:
-10.80%
SPY:
-7.53%
Returns By Period
In the year-to-date period, ^IMUS achieves a -7.03% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, ^IMUS has underperformed SPY with an annualized return of 10.53%, while SPY has yielded a comparatively higher 12.33% annualized return.
^IMUS
-7.03%
14.49%
-8.09%
5.69%
12.22%
10.53%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
^IMUS vs. SPY — Risk-Adjusted Performance Rank
^IMUS
SPY
^IMUS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Islamic Market U.S. Index (^IMUS) 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.
Drawdowns
^IMUS vs. SPY - Drawdown Comparison
The maximum ^IMUS drawdown since its inception was -47.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^IMUS and SPY. For additional features, visit the drawdowns tool.
Volatility
^IMUS vs. SPY - Volatility Comparison
Dow Jones Islamic Market U.S. Index (^IMUS) has a higher volatility of 5.98% compared to SPDR S&P 500 ETF (SPY) at 5.51%. This indicates that ^IMUS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.