^SPTSX60 vs. SPY
Compare and contrast key facts about S&P/TSX 60 Index (^SPTSX60) 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: ^SPTSX60 or SPY.
Correlation
The correlation between ^SPTSX60 and SPY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^SPTSX60 vs. SPY - Performance Comparison
Key characteristics
^SPTSX60:
1.83
SPY:
2.21
^SPTSX60:
2.53
SPY:
2.93
^SPTSX60:
1.34
SPY:
1.41
^SPTSX60:
2.61
SPY:
3.26
^SPTSX60:
12.05
SPY:
14.40
^SPTSX60:
1.54%
SPY:
1.90%
^SPTSX60:
10.11%
SPY:
12.44%
^SPTSX60:
-49.15%
SPY:
-55.19%
^SPTSX60:
-3.69%
SPY:
-1.83%
Returns By Period
In the year-to-date period, ^SPTSX60 achieves a 17.37% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, ^SPTSX60 has underperformed SPY with an annualized return of 5.72%, while SPY has yielded a comparatively higher 13.04% annualized return.
^SPTSX60
17.37%
-2.64%
13.77%
17.91%
7.77%
5.72%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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Risk-Adjusted Performance
^SPTSX60 vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/TSX 60 Index (^SPTSX60) 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
^SPTSX60 vs. SPY - Drawdown Comparison
The maximum ^SPTSX60 drawdown since its inception was -49.15%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SPTSX60 and SPY. For additional features, visit the drawdowns tool.
Volatility
^SPTSX60 vs. SPY - Volatility Comparison
S&P/TSX 60 Index (^SPTSX60) has a higher volatility of 4.14% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that ^SPTSX60'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.