^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:
1.75
SPY:
2.20
^IXIC:
2.31
SPY:
2.91
^IXIC:
1.31
SPY:
1.41
^IXIC:
2.44
SPY:
3.35
^IXIC:
8.82
SPY:
13.99
^IXIC:
3.64%
SPY:
2.01%
^IXIC:
18.34%
SPY:
12.79%
^IXIC:
-77.93%
SPY:
-55.19%
^IXIC:
-2.70%
SPY:
-1.35%
Returns By Period
In the year-to-date period, ^IXIC achieves a 1.65% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, ^IXIC has outperformed SPY with an annualized return of 15.49%, while SPY has yielded a comparatively lower 13.44% annualized return.
^IXIC
1.65%
1.33%
10.74%
28.21%
15.93%
15.49%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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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 6.58% compared to SPDR S&P 500 ETF (SPY) at 5.10%. 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.