^SP400 vs. SPY
Compare and contrast key facts about S&P 400 (^SP400) 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: ^SP400 or SPY.
Correlation
The correlation between ^SP400 and SPY is 0.86, 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
^SP400 vs. SPY - Performance Comparison
Key characteristics
^SP400:
0.88
SPY:
2.21
^SP400:
1.31
SPY:
2.93
^SP400:
1.16
SPY:
1.41
^SP400:
1.66
SPY:
3.26
^SP400:
4.58
SPY:
14.43
^SP400:
3.05%
SPY:
1.90%
^SP400:
15.91%
SPY:
12.41%
^SP400:
-56.32%
SPY:
-55.19%
^SP400:
-7.85%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ^SP400 achieves a 12.32% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, ^SP400 has underperformed SPY with an annualized return of 7.92%, while SPY has yielded a comparatively higher 12.97% annualized return.
^SP400
12.32%
-3.37%
6.56%
12.46%
8.64%
7.92%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
^SP400 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 400 (^SP400) 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.
Drawdowns
^SP400 vs. SPY - Drawdown Comparison
The maximum ^SP400 drawdown since its inception was -56.32%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SP400 and SPY. For additional features, visit the drawdowns tool.
Volatility
^SP400 vs. SPY - Volatility Comparison
S&P 400 (^SP400) has a higher volatility of 5.33% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that ^SP400's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.