^OEX vs. ^GSPC
Compare and contrast key facts about S&P 100 Index (^OEX) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^OEX or ^GSPC.
Key characteristics
| ^OEX | ^GSPC | |
|---|---|---|
| YTD Return | 12.71% | 11.05% |
| 1Y Return | 31.07% | 27.37% |
| 3Y Return (Ann) | 10.20% | 8.37% |
| 5Y Return (Ann) | 14.78% | 13.14% |
| 10Y Return (Ann) | 11.70% | 10.90% |
| Sharpe Ratio | 2.63 | 2.49 |
| Daily Std Dev | 12.42% | 11.59% |
| Max Drawdown | -61.31% | -56.78% |
| Current Drawdown | -0.20% | -0.21% |
Correlation
The correlation between ^OEX and ^GSPC is 0.98, 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
^OEX vs. ^GSPC - Performance Comparison
In the year-to-date period, ^OEX achieves a 12.71% return, which is significantly higher than ^GSPC's 11.05% return. Over the past 10 years, ^OEX has outperformed ^GSPC with an annualized return of 11.70%, while ^GSPC has yielded a comparatively lower 10.90% 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
^OEX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) 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
^OEX vs. ^GSPC - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^OEX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^OEX vs. ^GSPC - Volatility Comparison
S&P 100 Index (^OEX) has a higher volatility of 3.85% compared to S&P 500 (^GSPC) at 3.40%. This indicates that ^OEX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.