Correlation
The correlation between ^NYA and SPY is 0.95, 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.
^NYA vs. SPY
Compare and contrast key facts about NYSE Composite (^NYA) 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: ^NYA or SPY.
Performance
^NYA vs. SPY - Performance Comparison
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Key characteristics
^NYA:
0.60
SPY:
0.68
^NYA:
1.08
SPY:
1.11
^NYA:
1.16
SPY:
1.16
^NYA:
0.75
SPY:
0.75
^NYA:
3.10
SPY:
2.86
^NYA:
3.69%
SPY:
4.93%
^NYA:
16.20%
SPY:
20.44%
^NYA:
-59.01%
SPY:
-55.19%
^NYA:
-2.16%
SPY:
-3.01%
Returns By Period
In the year-to-date period, ^NYA achieves a 3.86% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, ^NYA has underperformed SPY with an annualized return of 6.09%, while SPY has yielded a comparatively higher 12.88% annualized return.
^NYA
3.86%
2.31%
-1.87%
9.68%
7.88%
10.02%
6.09%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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Risk-Adjusted Performance
^NYA vs. SPY — Risk-Adjusted Performance Rank
^NYA
SPY
^NYA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) 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.
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Drawdowns
^NYA vs. SPY - Drawdown Comparison
The maximum ^NYA drawdown since its inception was -59.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NYA and SPY.
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Volatility
^NYA vs. SPY - Volatility Comparison
The current volatility for NYSE Composite (^NYA) is 3.92%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that ^NYA 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.
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