Correlation
The correlation between ^SP100 and SPY 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.
^SP100 vs. SPY
Compare and contrast key facts about S&P 100 Index (^SP100) 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: ^SP100 or SPY.
Performance
^SP100 vs. SPY - Performance Comparison
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Key characteristics
^SP100:
0.72
SPY:
0.70
^SP100:
1.03
SPY:
1.02
^SP100:
1.15
SPY:
1.15
^SP100:
0.68
SPY:
0.68
^SP100:
2.44
SPY:
2.57
^SP100:
5.51%
SPY:
4.93%
^SP100:
21.21%
SPY:
20.42%
^SP100:
-61.31%
SPY:
-55.19%
^SP100:
-3.94%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ^SP100 achieves a -0.19% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, ^SP100 has underperformed SPY with an annualized return of 12.02%, while SPY has yielded a comparatively higher 12.73% annualized return.
^SP100
-0.19%
6.09%
-0.62%
14.40%
15.51%
15.73%
12.02%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
^SP100 vs. SPY — Risk-Adjusted Performance Rank
^SP100
SPY
^SP100 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) 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
^SP100 vs. SPY - Drawdown Comparison
The maximum ^SP100 drawdown since its inception was -61.31%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SP100 and SPY.
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Volatility
^SP100 vs. SPY - Volatility Comparison
S&P 100 Index (^SP100) and SPDR S&P 500 ETF (SPY) have volatilities of 5.03% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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