^XAL vs. ^GSPC
Compare and contrast key facts about NYSE Arca Airline Index (^XAL) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XAL or ^GSPC.
Correlation
The correlation between ^XAL and ^GSPC is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^XAL vs. ^GSPC - Performance Comparison
Key characteristics
^XAL:
-0.56
^GSPC:
0.52
^XAL:
-0.64
^GSPC:
0.86
^XAL:
0.92
^GSPC:
1.13
^XAL:
-0.27
^GSPC:
0.54
^XAL:
-1.33
^GSPC:
2.16
^XAL:
15.92%
^GSPC:
4.70%
^XAL:
37.69%
^GSPC:
19.42%
^XAL:
-93.94%
^GSPC:
-56.78%
^XAL:
-76.65%
^GSPC:
-9.49%
Returns By Period
In the year-to-date period, ^XAL achieves a -27.01% return, which is significantly lower than ^GSPC's -5.45% return. Over the past 10 years, ^XAL has underperformed ^GSPC with an annualized return of -7.21%, while ^GSPC has yielded a comparatively higher 10.21% annualized return.
^XAL
-27.01%
-12.73%
-27.18%
-21.53%
-0.53%
-7.21%
^GSPC
-5.45%
-0.36%
-4.66%
8.69%
13.87%
10.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^XAL vs. ^GSPC — Risk-Adjusted Performance Rank
^XAL
^GSPC
^XAL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Airline Index (^XAL) 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
^XAL vs. ^GSPC - Drawdown Comparison
The maximum ^XAL drawdown since its inception was -93.94%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^XAL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^XAL vs. ^GSPC - Volatility Comparison
NYSE Arca Airline Index (^XAL) has a higher volatility of 20.90% compared to S&P 500 (^GSPC) at 14.11%. This indicates that ^XAL's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.