^XCMP vs. SPY
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and SPDR S&P 500 ETF (SPY).
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: ^XCMP or SPY.
Correlation
The correlation between ^XCMP and SPY is 0.92, 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
^XCMP vs. SPY - Performance Comparison
Key characteristics
^XCMP:
1.37
SPY:
1.82
^XCMP:
1.85
SPY:
2.45
^XCMP:
1.25
SPY:
1.33
^XCMP:
1.88
SPY:
2.77
^XCMP:
6.42
SPY:
11.49
^XCMP:
3.85%
SPY:
2.03%
^XCMP:
18.04%
SPY:
12.70%
^XCMP:
-35.83%
SPY:
-55.19%
^XCMP:
-1.06%
SPY:
0.00%
Returns By Period
In the year-to-date period, ^XCMP achieves a 3.33% return, which is significantly lower than SPY's 4.04% return. Over the past 10 years, ^XCMP has outperformed SPY with an annualized return of 16.14%, while SPY has yielded a comparatively lower 13.24% annualized return.
^XCMP
3.33%
4.76%
13.72%
26.63%
16.22%
16.14%
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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Risk-Adjusted Performance
^XCMP vs. SPY — Risk-Adjusted Performance Rank
^XCMP
SPY
^XCMP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and SPDR S&P 500 ETF (SPY). 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
^XCMP vs. SPY - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XCMP and SPY. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. SPY - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.42% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that ^XCMP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.