Correlation
The correlation between ^W1DOW and ^SP500TR 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.
^W1DOW vs. ^SP500TR
Compare and contrast key facts about Dow Jones Global Index (^W1DOW) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^W1DOW or ^SP500TR.
Performance
^W1DOW vs. ^SP500TR - Performance Comparison
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Key characteristics
^W1DOW:
0.81
^SP500TR:
0.74
^W1DOW:
0.95
^SP500TR:
1.05
^W1DOW:
1.14
^SP500TR:
1.15
^W1DOW:
0.58
^SP500TR:
0.69
^W1DOW:
2.40
^SP500TR:
2.63
^W1DOW:
3.93%
^SP500TR:
4.92%
^W1DOW:
14.34%
^SP500TR:
19.77%
^W1DOW:
-59.33%
^SP500TR:
-55.25%
^W1DOW:
-0.75%
^SP500TR:
-3.41%
Returns By Period
In the year-to-date period, ^W1DOW achieves a 4.50% return, which is significantly higher than ^SP500TR's 1.06% return. Over the past 10 years, ^W1DOW has underperformed ^SP500TR with an annualized return of 6.99%, while ^SP500TR has yielded a comparatively higher 12.85% annualized return.
^W1DOW
4.50%
5.35%
1.73%
11.45%
9.99%
11.17%
6.99%
^SP500TR
1.06%
5.63%
-1.35%
13.52%
14.41%
15.94%
12.85%
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Risk-Adjusted Performance
^W1DOW vs. ^SP500TR — Risk-Adjusted Performance Rank
^W1DOW
^SP500TR
^W1DOW vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Global Index (^W1DOW) and S&P 500 Total Return (^SP500TR). 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. ^SP500TR - Drawdown Comparison
The maximum ^W1DOW drawdown since its inception was -59.33%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ^W1DOW and ^SP500TR.
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Volatility
^W1DOW vs. ^SP500TR - Volatility Comparison
The current volatility for Dow Jones Global Index (^W1DOW) is 3.18%, while S&P 500 Total Return (^SP500TR) has a volatility of 4.77%. This indicates that ^W1DOW experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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