^NYA vs. ^GSPC
Compare and contrast key facts about NYSE Composite (^NYA) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NYA or ^GSPC.
Correlation
The correlation between ^NYA and ^GSPC is 0.97, 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
^NYA vs. ^GSPC - Performance Comparison
Key characteristics
^NYA:
1.78
^GSPC:
1.82
^NYA:
2.46
^GSPC:
2.44
^NYA:
1.32
^GSPC:
1.33
^NYA:
2.95
^GSPC:
2.77
^NYA:
8.40
^GSPC:
11.35
^NYA:
2.28%
^GSPC:
2.07%
^NYA:
10.80%
^GSPC:
12.98%
^NYA:
-59.01%
^GSPC:
-56.78%
^NYA:
-1.44%
^GSPC:
-1.74%
Returns By Period
In the year-to-date period, ^NYA achieves a 4.62% return, which is significantly higher than ^GSPC's 2.22% return. Over the past 10 years, ^NYA has underperformed ^GSPC with an annualized return of 6.63%, while ^GSPC has yielded a comparatively higher 11.70% annualized return.
^NYA
4.62%
3.85%
7.77%
17.88%
7.65%
6.63%
^GSPC
2.22%
0.69%
10.04%
22.93%
12.98%
11.70%
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Risk-Adjusted Performance
^NYA vs. ^GSPC — Risk-Adjusted Performance Rank
^NYA
^GSPC
^NYA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) and S&P 500 (^GSPC). 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
^NYA vs. ^GSPC - Drawdown Comparison
The maximum ^NYA drawdown since its inception was -59.01%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^NYA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^NYA vs. ^GSPC - Volatility Comparison
The current volatility for NYSE Composite (^NYA) is 3.14%, while S&P 500 (^GSPC) has a volatility of 4.27%. This indicates that ^NYA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.