^XSP vs. SPY
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) 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: ^XSP or SPY.
Key characteristics
| ^XSP | SPY | |
|---|---|---|
| YTD Return | 13.39% | 14.41% |
| 1Y Return | 21.51% | 23.17% |
| 3Y Return (Ann) | 6.18% | 7.77% |
| Sharpe Ratio | 1.66 | 1.81 |
| Daily Std Dev | 12.70% | 12.61% |
| Max Drawdown | -25.43% | -55.19% |
| Current Drawdown | -4.57% | -4.34% |
Correlation
The correlation between ^XSP and SPY is 1.00, 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
^XSP vs. SPY - Performance Comparison
In the year-to-date period, ^XSP achieves a 13.39% return, which is significantly lower than SPY's 14.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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
^XSP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) 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
^XSP vs. SPY - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XSP and SPY. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. SPY - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) and SPDR S&P 500 ETF (SPY) have volatilities of 4.88% and 4.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.