Correlation
The correlation between ^XCMP and SPY is 0.93, 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.
^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.
Performance
^XCMP vs. SPY - Performance Comparison
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Key characteristics
^XCMP:
0.49
SPY:
0.57
^XCMP:
0.84
SPY:
0.87
^XCMP:
1.12
SPY:
1.13
^XCMP:
0.51
SPY:
0.55
^XCMP:
1.67
SPY:
2.11
^XCMP:
7.38%
SPY:
4.91%
^XCMP:
25.99%
SPY:
20.35%
^XCMP:
-35.83%
SPY:
-55.19%
^XCMP:
-6.84%
SPY:
-5.23%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than SPY's -0.89% return. Over the past 10 years, ^XCMP has outperformed SPY with an annualized return of 15.13%, while SPY has yielded a comparatively lower 12.57% annualized return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
SPY
-0.89%
5.93%
-2.13%
10.77%
15.38%
16.09%
12.57%
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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.
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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.
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Volatility
^XCMP vs. SPY - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.56% compared to SPDR S&P 500 ETF (SPY) at 4.45%. 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.
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