^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.
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
Key characteristics
^SP400:
0.65
^GSPC:
1.62
^SP400:
1.02
^GSPC:
2.20
^SP400:
1.12
^GSPC:
1.30
^SP400:
1.20
^GSPC:
2.46
^SP400:
2.69
^GSPC:
10.01
^SP400:
3.81%
^GSPC:
2.08%
^SP400:
15.68%
^GSPC:
12.88%
^SP400:
-56.32%
^GSPC:
-56.78%
^SP400:
-8.51%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, ^SP400 achieves a -0.61% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, ^SP400 has underperformed ^GSPC with an annualized return of 7.42%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
^SP400
-0.61%
-5.39%
0.18%
8.64%
8.29%
7.42%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
^SP400 vs. ^GSPC — Risk-Adjusted Performance Rank
^SP400
^GSPC
^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 4.07% compared to S&P 500 (^GSPC) at 3.43%. 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.