^PUT vs. ^SP500TR
Compare and contrast key facts about CBOE S&P 500 PutWrite Index (^PUT) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^PUT or ^SP500TR.
Correlation
The correlation between ^PUT and ^SP500TR is 0.91, 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
^PUT vs. ^SP500TR - Performance Comparison
Key characteristics
^PUT:
0.48
^SP500TR:
0.54
^PUT:
0.80
^SP500TR:
0.88
^PUT:
1.16
^SP500TR:
1.13
^PUT:
0.48
^SP500TR:
0.56
^PUT:
2.29
^SP500TR:
2.30
^PUT:
3.12%
^SP500TR:
4.55%
^PUT:
14.70%
^SP500TR:
19.44%
^PUT:
-28.93%
^SP500TR:
-55.25%
^PUT:
-7.76%
^SP500TR:
-9.86%
Returns By Period
In the year-to-date period, ^PUT achieves a -4.78% return, which is significantly higher than ^SP500TR's -5.68% return. Over the past 10 years, ^PUT has underperformed ^SP500TR with an annualized return of 6.89%, while ^SP500TR has yielded a comparatively higher 12.15% annualized return.
^PUT
-4.78%
-2.61%
-1.57%
7.35%
12.14%
6.89%
^SP500TR
-5.68%
-2.87%
-4.24%
9.81%
15.75%
12.15%
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Risk-Adjusted Performance
^PUT vs. ^SP500TR — Risk-Adjusted Performance Rank
^PUT
^SP500TR
^PUT vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE S&P 500 PutWrite Index (^PUT) and S&P 500 Total Return (^SP500TR). 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
^PUT vs. ^SP500TR - Drawdown Comparison
The maximum ^PUT drawdown since its inception was -28.93%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ^PUT and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
^PUT vs. ^SP500TR - Volatility Comparison
The current volatility for CBOE S&P 500 PutWrite Index (^PUT) is 12.26%, while S&P 500 Total Return (^SP500TR) has a volatility of 14.21%. This indicates that ^PUT experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.