^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 0.23, 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
Key characteristics
^NIFTY500:
1.05
SPY:
2.21
^NIFTY500:
1.39
SPY:
2.93
^NIFTY500:
1.22
SPY:
1.41
^NIFTY500:
1.43
SPY:
3.26
^NIFTY500:
4.57
SPY:
14.43
^NIFTY500:
3.43%
SPY:
1.90%
^NIFTY500:
14.81%
SPY:
12.41%
^NIFTY500:
-68.02%
SPY:
-55.19%
^NIFTY500:
-8.89%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a 14.88% return, which is significantly lower than SPY's 25.54% return. Both investments have delivered pretty close results over the past 10 years, with ^NIFTY500 having a 13.02% annualized return and SPY not far behind at 12.97%.
^NIFTY500
14.88%
1.43%
0.37%
17.83%
17.81%
13.02%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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
Nifty 500 (^NIFTY500) has a higher volatility of 4.62% compared to SPDR S&P 500 ETF (SPY) at 3.68%. This indicates that ^NIFTY500'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.