^SPXEW vs. ^GSPC
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or ^GSPC.
Correlation
The correlation between ^SPXEW and ^GSPC is 0.95, 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. ^GSPC - Performance Comparison
Key characteristics
^SPXEW:
1.07
^GSPC:
1.62
^SPXEW:
1.54
^GSPC:
2.20
^SPXEW:
1.19
^GSPC:
1.30
^SPXEW:
1.63
^GSPC:
2.46
^SPXEW:
4.24
^GSPC:
10.01
^SPXEW:
2.89%
^GSPC:
2.08%
^SPXEW:
11.43%
^GSPC:
12.88%
^SPXEW:
-60.83%
^GSPC:
-56.78%
^SPXEW:
-4.17%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, ^SPXEW achieves a 2.43% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, ^SPXEW has underperformed ^GSPC with an annualized return of 8.09%, while ^GSPC has yielded a comparatively higher 11.05% annualized return.
^SPXEW
2.43%
-1.56%
3.06%
10.86%
9.59%
8.09%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
^SPXEW vs. ^GSPC — Risk-Adjusted Performance Rank
^SPXEW
^GSPC
^SPXEW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) 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
^SPXEW vs. ^GSPC - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. ^GSPC - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 2.70%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that ^SPXEW experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.