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.
^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.
Performance
^W1DOW vs. ^GSPC - Performance Comparison
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Key characteristics
^W1DOW:
0.79
^GSPC:
0.62
^W1DOW:
1.05
^GSPC:
0.94
^W1DOW:
1.16
^GSPC:
1.14
^W1DOW:
0.66
^GSPC:
0.61
^W1DOW:
2.70
^GSPC:
2.29
^W1DOW:
3.93%
^GSPC:
5.01%
^W1DOW:
14.38%
^GSPC:
19.79%
^W1DOW:
-59.33%
^GSPC:
-56.78%
^W1DOW:
-0.66%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ^W1DOW achieves a 4.60% return, which is significantly higher than ^GSPC's 0.52% return. Over the past 10 years, ^W1DOW has underperformed ^GSPC with an annualized return of 7.02%, while ^GSPC has yielded a comparatively higher 10.84% annualized return.
^W1DOW
4.60%
5.89%
2.37%
11.83%
9.79%
11.19%
7.02%
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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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.
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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.
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Volatility
^W1DOW vs. ^GSPC - Volatility Comparison
The current volatility for Dow Jones Global Index (^W1DOW) is 3.15%, while S&P 500 (^GSPC) has a volatility of 4.76%. 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.
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