^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.
Key characteristics
| ^NIFTY500 | SPY | |
|---|---|---|
| YTD Return | 20.84% | 14.41% |
| 1Y Return | 35.04% | 23.17% |
| 3Y Return (Ann) | 16.81% | 7.77% |
| 5Y Return (Ann) | 21.60% | 14.45% |
| 10Y Return (Ann) | 13.85% | 12.50% |
| Sharpe Ratio | 2.32 | 1.81 |
| Daily Std Dev | 14.15% | 12.61% |
| Max Drawdown | -68.02% | -55.19% |
| Current Drawdown | -1.31% | -4.34% |
Correlation
The correlation between ^NIFTY500 and SPY is 0.23, 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
In the year-to-date period, ^NIFTY500 achieves a 20.84% return, which is significantly higher than SPY's 14.41% return. Over the past 10 years, ^NIFTY500 has outperformed SPY with an annualized return of 13.85%, while SPY has yielded a comparatively lower 12.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^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 2.57%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.23%. 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.