^W1DOW vs. ^GSPC
Compare and contrast key facts about Dow Jones Global Index (^W1DOW) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^W1DOW or ^GSPC.
Correlation
The correlation between ^W1DOW and ^GSPC is 0.83, 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. ^GSPC - Performance Comparison
Key characteristics
^W1DOW:
0.34
^GSPC:
0.49
^W1DOW:
0.55
^GSPC:
0.81
^W1DOW:
1.08
^GSPC:
1.12
^W1DOW:
0.30
^GSPC:
0.50
^W1DOW:
1.31
^GSPC:
2.07
^W1DOW:
3.75%
^GSPC:
4.57%
^W1DOW:
14.25%
^GSPC:
19.43%
^W1DOW:
-59.33%
^GSPC:
-56.78%
^W1DOW:
-7.39%
^GSPC:
-10.73%
Returns By Period
In the year-to-date period, ^W1DOW achieves a -2.49% return, which is significantly higher than ^GSPC's -6.75% return. Over the past 10 years, ^W1DOW has underperformed ^GSPC with an annualized return of 5.30%, while ^GSPC has yielded a comparatively higher 10.05% annualized return.
^W1DOW
-2.49%
-3.81%
-3.02%
7.47%
10.56%
5.30%
^GSPC
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
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Risk-Adjusted Performance
^W1DOW vs. ^GSPC — Risk-Adjusted Performance Rank
^W1DOW
^GSPC
^W1DOW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Global Index (^W1DOW) 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
^W1DOW vs. ^GSPC - Drawdown Comparison
The maximum ^W1DOW drawdown since its inception was -59.33%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^W1DOW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^W1DOW vs. ^GSPC - Volatility Comparison
The current volatility for Dow Jones Global Index (^W1DOW) is 9.89%, while S&P 500 (^GSPC) has a volatility of 14.20%. This indicates that ^W1DOW 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.