^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
Key characteristics
^IXIC:
0.43
SPY:
0.54
^IXIC:
0.77
SPY:
0.89
^IXIC:
1.11
SPY:
1.13
^IXIC:
0.46
SPY:
0.58
^IXIC:
1.61
SPY:
2.39
^IXIC:
6.90%
SPY:
4.51%
^IXIC:
25.76%
SPY:
20.07%
^IXIC:
-77.93%
SPY:
-55.19%
^IXIC:
-14.91%
SPY:
-10.54%
Returns By Period
In the year-to-date period, ^IXIC achieves a -11.11% return, which is significantly lower than SPY's -6.44% return. Over the past 10 years, ^IXIC has outperformed SPY with an annualized return of 13.03%, while SPY has yielded a comparatively lower 11.95% annualized return.
^IXIC
-11.11%
-6.05%
-6.78%
9.25%
14.78%
13.03%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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.
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.
Volatility
^IXIC vs. SPY - Volatility Comparison
NASDAQ Composite (^IXIC) has a higher volatility of 17.23% compared to SPDR S&P 500 ETF (SPY) at 15.13%. 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.