^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.
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
Key characteristics
^XSP:
0.67
SPY:
0.72
^XSP:
1.05
SPY:
1.13
^XSP:
1.16
SPY:
1.17
^XSP:
0.68
SPY:
0.76
^XSP:
2.70
SPY:
3.04
^XSP:
4.79%
SPY:
4.72%
^XSP:
19.41%
SPY:
20.06%
^XSP:
-25.43%
SPY:
-55.19%
^XSP:
-7.45%
SPY:
-7.25%
Returns By Period
In the year-to-date period, ^XSP achieves a -3.31% return, which is significantly lower than SPY's -3.01% return.
^XSP
-3.31%
0.28%
-0.73%
12.29%
N/A
N/A
SPY
-3.01%
0.40%
-0.12%
13.65%
16.65%
12.45%
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Risk-Adjusted Performance
^XSP vs. SPY — Risk-Adjusted Performance Rank
^XSP
SPY
^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
The current volatility for S&P 500 Mini-SPX Options Index (^XSP) is 14.17%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that ^XSP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.