^NIFTY500 vs. SPY
Compare and contrast key facts about Nifty 500 (^NIFTY500) 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: ^NIFTY500 or SPY.
Correlation
The correlation between ^NIFTY500 and SPY is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^NIFTY500 vs. SPY - Performance Comparison
Key characteristics
^NIFTY500:
0.39
SPY:
0.50
^NIFTY500:
0.48
SPY:
0.88
^NIFTY500:
1.07
SPY:
1.13
^NIFTY500:
0.25
SPY:
0.56
^NIFTY500:
0.55
SPY:
2.17
^NIFTY500:
8.67%
SPY:
4.85%
^NIFTY500:
16.55%
SPY:
20.02%
^NIFTY500:
-68.02%
SPY:
-55.19%
^NIFTY500:
-11.52%
SPY:
-7.65%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -3.13% return, which is significantly higher than SPY's -3.42% return. Both investments have delivered pretty close results over the past 10 years, with ^NIFTY500 having a 12.71% annualized return and SPY not far behind at 12.35%.
^NIFTY500
-3.13%
6.48%
-4.28%
6.54%
23.71%
12.71%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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Risk-Adjusted Performance
^NIFTY500 vs. SPY — Risk-Adjusted Performance Rank
^NIFTY500
SPY
^NIFTY500 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) 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
^NIFTY500 vs. SPY - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and SPY. For additional features, visit the drawdowns tool.
Volatility
^NIFTY500 vs. SPY - Volatility Comparison
The current volatility for Nifty 500 (^NIFTY500) is 5.90%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that ^NIFTY500 experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.