^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:
1.27
SPY:
2.20
^SP400:
1.82
SPY:
2.92
^SP400:
1.23
SPY:
1.41
^SP400:
2.35
SPY:
3.35
^SP400:
5.74
SPY:
14.01
^SP400:
3.51%
SPY:
2.01%
^SP400:
15.88%
SPY:
12.76%
^SP400:
-56.32%
SPY:
-55.19%
^SP400:
-2.88%
SPY:
-0.45%
Returns By Period
In the year-to-date period, ^SP400 achieves a 5.50% return, which is significantly higher than SPY's 2.90% return. Over the past 10 years, ^SP400 has underperformed SPY with an annualized return of 8.53%, while SPY has yielded a comparatively higher 13.39% annualized return.
^SP400
5.50%
5.39%
7.65%
18.80%
9.58%
8.53%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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Risk-Adjusted Performance
^SP400 vs. SPY — Risk-Adjusted Performance Rank
^SP400
SPY
^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
The current volatility for S&P 400 (^SP400) is 3.55%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that ^SP400 experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.