Correlation
The correlation between ^SPXEW and ^OEX is 0.94, 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.
^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.
Performance
^SPXEW vs. ^OEX - Performance Comparison
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Key characteristics
^SPXEW:
0.45
^OEX:
0.72
^SPXEW:
0.80
^OEX:
1.03
^SPXEW:
1.11
^OEX:
1.15
^SPXEW:
0.45
^OEX:
0.68
^SPXEW:
1.60
^OEX:
2.44
^SPXEW:
5.20%
^OEX:
5.51%
^SPXEW:
17.49%
^OEX:
21.21%
^SPXEW:
-60.83%
^OEX:
-61.31%
^SPXEW:
-5.91%
^OEX:
-3.94%
Returns By Period
In the year-to-date period, ^SPXEW achieves a 0.57% return, which is significantly higher than ^OEX's -0.19% return. Over the past 10 years, ^SPXEW has underperformed ^OEX with an annualized return of 7.93%, while ^OEX has yielded a comparatively higher 12.02% annualized return.
^SPXEW
0.57%
2.52%
-5.91%
6.47%
5.79%
11.84%
7.93%
^OEX
-0.19%
4.66%
-0.62%
14.40%
15.51%
15.73%
12.02%
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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.
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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.
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Volatility
^SPXEW vs. ^OEX - Volatility Comparison
S&P 500 Equal Weighted Index (^SPXEW) and S&P 100 Index (^OEX) have volatilities of 4.88% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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