^SPXEW vs. SPY
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) 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: ^SPXEW or SPY.
Correlation
The correlation between ^SPXEW and SPY is 0.93, 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
^SPXEW vs. SPY - Performance Comparison
Key characteristics
^SPXEW:
1.39
SPY:
2.18
^SPXEW:
1.95
SPY:
2.88
^SPXEW:
1.25
SPY:
1.40
^SPXEW:
2.16
SPY:
3.30
^SPXEW:
5.92
SPY:
13.79
^SPXEW:
2.74%
SPY:
2.01%
^SPXEW:
11.65%
SPY:
12.78%
^SPXEW:
-60.83%
SPY:
-55.19%
^SPXEW:
-2.65%
SPY:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ^SPXEW having a 4.06% return and SPY slightly lower at 4.04%. Over the past 10 years, ^SPXEW has underperformed SPY with an annualized return of 8.61%, while SPY has yielded a comparatively higher 13.49% annualized return.
^SPXEW
4.06%
2.54%
8.94%
16.85%
9.36%
8.61%
SPY
4.04%
1.41%
13.98%
27.23%
14.93%
13.49%
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Risk-Adjusted Performance
^SPXEW vs. SPY — Risk-Adjusted Performance Rank
^SPXEW
SPY
^SPXEW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) 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
^SPXEW vs. SPY - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and SPY. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. SPY - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 3.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that ^SPXEW 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.