^SPXEW vs. ^OEX
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and S&P 100 Index (^OEX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or ^OEX.
Correlation
The correlation between ^SPXEW and ^OEX is 0.90, 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. ^OEX - Performance Comparison
Key characteristics
^SPXEW:
1.07
^OEX:
1.76
^SPXEW:
1.54
^OEX:
2.36
^SPXEW:
1.19
^OEX:
1.32
^SPXEW:
1.63
^OEX:
2.53
^SPXEW:
4.24
^OEX:
10.64
^SPXEW:
2.89%
^OEX:
2.35%
^SPXEW:
11.43%
^OEX:
14.18%
^SPXEW:
-60.83%
^OEX:
-61.31%
^SPXEW:
-4.17%
^OEX:
-2.08%
Returns By Period
In the year-to-date period, ^SPXEW achieves a 2.43% return, which is significantly higher than ^OEX's 1.75% return. Over the past 10 years, ^SPXEW has underperformed ^OEX with an annualized return of 8.09%, while ^OEX has yielded a comparatively higher 12.25% annualized return.
^SPXEW
2.43%
-1.56%
3.06%
10.86%
9.59%
8.09%
^OEX
1.75%
-1.64%
8.34%
21.84%
15.41%
12.25%
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Risk-Adjusted Performance
^SPXEW vs. ^OEX — Risk-Adjusted Performance Rank
^SPXEW
^OEX
^SPXEW vs. ^OEX - 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 100 Index (^OEX). 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. ^OEX - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, roughly equal to the maximum ^OEX drawdown of -61.31%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and ^OEX. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. ^OEX - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 2.70%, while S&P 100 Index (^OEX) has a volatility of 3.82%. This indicates that ^SPXEW experiences smaller price fluctuations and is considered to be less risky than ^OEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.