^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:
1.35
SPY:
1.75
^IXIC:
1.83
SPY:
2.36
^IXIC:
1.25
SPY:
1.32
^IXIC:
1.89
SPY:
2.66
^IXIC:
6.74
SPY:
11.01
^IXIC:
3.69%
SPY:
2.03%
^IXIC:
18.52%
SPY:
12.77%
^IXIC:
-77.93%
SPY:
-55.19%
^IXIC:
-3.22%
SPY:
-2.12%
Returns By Period
In the year-to-date period, ^IXIC achieves a 1.10% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, ^IXIC has outperformed SPY with an annualized return of 14.70%, while SPY has yielded a comparatively lower 12.96% annualized return.
^IXIC
1.10%
-2.43%
9.21%
21.71%
15.35%
14.70%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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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 5.44% compared to SPDR S&P 500 ETF (SPY) at 3.38%. 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.