^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.
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
Key characteristics
^IMXL:
1.75
SPY:
1.87
^IMXL:
2.34
SPY:
2.52
^IMXL:
1.36
SPY:
1.35
^IMXL:
2.10
SPY:
2.81
^IMXL:
8.07
SPY:
11.69
^IMXL:
2.77%
SPY:
2.02%
^IMXL:
12.78%
SPY:
12.65%
^IMXL:
-48.36%
SPY:
-55.19%
^IMXL:
0.00%
SPY:
0.00%
Returns By Period
In the year-to-date period, ^IMXL achieves a 4.06% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, ^IMXL has underperformed SPY with an annualized return of 11.17%, while SPY has yielded a comparatively higher 13.23% annualized return.
^IMXL
4.06%
2.30%
6.93%
23.73%
12.83%
11.17%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
^IMXL vs. SPY — Risk-Adjusted Performance Rank
^IMXL
SPY
^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 3.64% compared to SPDR S&P 500 ETF (SPY) at 2.78%. 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.