^IMXL vs. SPY
Compare and contrast key facts about Dow Jones Islamic Market Titans 100 Index (^IMXL) 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: ^IMXL or SPY.
Key characteristics
| ^IMXL | SPY | |
|---|---|---|
| YTD Return | 21.14% | 18.37% |
| 1Y Return | 27.50% | 26.96% |
| 3Y Return (Ann) | 7.07% | 9.40% |
| 5Y Return (Ann) | 14.07% | 15.01% |
| 10Y Return (Ann) | 10.71% | 12.90% |
| Sharpe Ratio | 2.03 | 2.14 |
| Daily Std Dev | 12.68% | 12.67% |
| Max Drawdown | -48.36% | -55.19% |
| Current Drawdown | -3.13% | -1.02% |
Correlation
The correlation between ^IMXL and SPY is 0.85, 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
^IMXL vs. SPY - Performance Comparison
In the year-to-date period, ^IMXL achieves a 21.14% return, which is significantly higher than SPY's 18.37% return. Over the past 10 years, ^IMXL has underperformed SPY with an annualized return of 10.71%, while SPY has yielded a comparatively higher 12.90% 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
^IMXL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Islamic Market Titans 100 Index (^IMXL) 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
^IMXL vs. SPY - Drawdown Comparison
The maximum ^IMXL drawdown since its inception was -48.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^IMXL and SPY. For additional features, visit the drawdowns tool.
Volatility
^IMXL vs. SPY - Volatility Comparison
Dow Jones Islamic Market Titans 100 Index (^IMXL) has a higher volatility of 4.33% compared to SPDR S&P 500 ETF (SPY) at 3.79%. This indicates that ^IMXL'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.