^IXIC vs. SPY
Compare and contrast key facts about NASDAQ Composite (^IXIC) 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: ^IXIC or SPY.
Correlation
The correlation between ^IXIC and SPY is 0.88, 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
^IXIC vs. SPY - Performance Comparison
Loading data...
Key characteristics
^IXIC:
0.62
SPY:
0.68
^IXIC:
1.08
SPY:
1.13
^IXIC:
1.15
SPY:
1.17
^IXIC:
0.71
SPY:
0.76
^IXIC:
2.32
SPY:
2.93
^IXIC:
7.40%
SPY:
4.87%
^IXIC:
26.02%
SPY:
20.29%
^IXIC:
-77.93%
SPY:
-55.19%
^IXIC:
-5.09%
SPY:
-3.85%
Returns By Period
In the year-to-date period, ^IXIC achieves a -0.85% return, which is significantly lower than SPY's 0.56% return. Over the past 10 years, ^IXIC has outperformed SPY with an annualized return of 14.30%, while SPY has yielded a comparatively lower 12.67% annualized return.
^IXIC
-0.85%
13.76%
-0.44%
15.96%
16.33%
14.30%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^IXIC vs. SPY — Risk-Adjusted Performance Rank
^IXIC
SPY
^IXIC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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.
Loading data...
Drawdowns
^IXIC vs. SPY - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^IXIC and SPY. For additional features, visit the drawdowns tool.
Loading data...
Volatility
^IXIC vs. SPY - Volatility Comparison
NASDAQ Composite (^IXIC) has a higher volatility of 7.88% compared to SPDR S&P 500 ETF (SPY) at 6.24%. This indicates that ^IXIC'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.
Loading data...