^W1DOW vs. SPY
Compare and contrast key facts about Dow Jones Global Index (^W1DOW) 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: ^W1DOW or SPY.
Correlation
The correlation between ^W1DOW and SPY is 0.85, 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
^W1DOW vs. SPY - Performance Comparison
Key characteristics
^W1DOW:
0.39
SPY:
0.51
^W1DOW:
0.61
SPY:
0.86
^W1DOW:
1.09
SPY:
1.13
^W1DOW:
0.35
SPY:
0.55
^W1DOW:
1.49
SPY:
2.26
^W1DOW:
3.78%
SPY:
4.55%
^W1DOW:
14.26%
SPY:
20.08%
^W1DOW:
-59.33%
SPY:
-55.19%
^W1DOW:
-6.96%
SPY:
-9.89%
Returns By Period
In the year-to-date period, ^W1DOW achieves a -2.03% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, ^W1DOW has underperformed SPY with an annualized return of 5.33%, while SPY has yielded a comparatively higher 11.99% annualized return.
^W1DOW
-2.03%
-2.55%
-2.52%
8.54%
10.66%
5.33%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
^W1DOW vs. SPY — Risk-Adjusted Performance Rank
^W1DOW
SPY
^W1DOW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Global Index (^W1DOW) 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
^W1DOW vs. SPY - Drawdown Comparison
The maximum ^W1DOW drawdown since its inception was -59.33%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^W1DOW and SPY. For additional features, visit the drawdowns tool.
Volatility
^W1DOW vs. SPY - Volatility Comparison
The current volatility for Dow Jones Global Index (^W1DOW) is 9.90%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that ^W1DOW 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.