SPY vs. ^XCI
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and ARCA Computer Technology Index (^XCI).
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: SPY or ^XCI.
Key characteristics
| SPY | ^XCI | |
|---|---|---|
| YTD Return | 23.66% | 37.91% |
| 1Y Return | 35.35% | 52.46% |
| 3Y Return (Ann) | 10.96% | 20.56% |
| 5Y Return (Ann) | 16.17% | 29.34% |
| 10Y Return (Ann) | 13.96% | 23.30% |
| Sharpe Ratio | 2.85 | 2.34 |
| Sortino Ratio | 3.80 | 3.01 |
| Omega Ratio | 1.52 | 1.39 |
| Calmar Ratio | 3.03 | 3.10 |
| Martin Ratio | 17.65 | 10.49 |
| Ulcer Index | 2.00% | 4.88% |
| Daily Std Dev | 12.40% | 21.89% |
| Max Drawdown | -55.19% | -77.19% |
| Current Drawdown | -0.35% | -2.90% |
Correlation
The correlation between SPY and ^XCI is 0.79, 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
SPY vs. ^XCI - Performance Comparison
In the year-to-date period, SPY achieves a 23.66% return, which is significantly lower than ^XCI's 37.91% return. Over the past 10 years, SPY has underperformed ^XCI with an annualized return of 13.96%, while ^XCI has yielded a comparatively higher 23.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SPY vs. ^XCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and ARCA Computer Technology Index (^XCI). 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
SPY vs. ^XCI - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum ^XCI drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for SPY and ^XCI. For additional features, visit the drawdowns tool.
Volatility
SPY vs. ^XCI - Volatility Comparison
The current volatility for SPDR S&P 500 ETF (SPY) is 3.00%, while ARCA Computer Technology Index (^XCI) has a volatility of 5.23%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than ^XCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.