^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 0.86, 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:
1.62
SPY:
2.03
^IXIC:
2.16
SPY:
2.71
^IXIC:
1.29
SPY:
1.38
^IXIC:
2.22
SPY:
3.02
^IXIC:
8.20
SPY:
13.49
^IXIC:
3.55%
SPY:
1.88%
^IXIC:
17.97%
SPY:
12.48%
^IXIC:
-77.93%
SPY:
-55.19%
^IXIC:
-3.97%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ^IXIC achieves a 29.05% return, which is significantly higher than SPY's 24.51% return. Over the past 10 years, ^IXIC has outperformed SPY with an annualized return of 15.05%, while SPY has yielded a comparatively lower 12.94% annualized return.
^IXIC
29.05%
2.03%
9.32%
31.09%
16.81%
15.05%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
^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 4.97% compared to SPDR S&P 500 ETF (SPY) at 3.61%. 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.