^SP400 vs. ^GSPC
Compare and contrast key facts about S&P 400 (^SP400) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP400 or ^GSPC.
Key characteristics
| ^SP400 | ^GSPC | |
|---|---|---|
| YTD Return | 5.68% | 13.39% |
| 1Y Return | 14.06% | 21.51% |
| 3Y Return (Ann) | 2.52% | 6.18% |
| 5Y Return (Ann) | 9.00% | 12.69% |
| 10Y Return (Ann) | 7.51% | 10.55% |
| Sharpe Ratio | 0.78 | 1.66 |
| Daily Std Dev | 16.70% | 12.70% |
| Max Drawdown | -56.32% | -56.78% |
| Current Drawdown | -5.64% | -4.57% |
Correlation
The correlation between ^SP400 and ^GSPC is 0.87, 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. ^GSPC - Performance Comparison
In the year-to-date period, ^SP400 achieves a 5.68% return, which is significantly lower than ^GSPC's 13.39% return. Over the past 10 years, ^SP400 has underperformed ^GSPC with an annualized return of 7.51%, while ^GSPC has yielded a comparatively higher 10.55% 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
^SP400 vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 400 (^SP400) 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
^SP400 vs. ^GSPC - Drawdown Comparison
The maximum ^SP400 drawdown since its inception was -56.32%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^SP400 and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^SP400 vs. ^GSPC - Volatility Comparison
S&P 400 (^SP400) has a higher volatility of 5.52% compared to S&P 500 (^GSPC) at 4.88%. This indicates that ^SP400'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.