^XSP vs. ^SPXEW
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) and S&P 500 Equal Weighted Index (^SPXEW).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XSP or ^SPXEW.
Correlation
The correlation between ^XSP and ^SPXEW is 0.90, 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. ^SPXEW - Performance Comparison
Key characteristics
^XSP:
0.49
^SPXEW:
0.14
^XSP:
0.81
^SPXEW:
0.32
^XSP:
1.12
^SPXEW:
1.04
^XSP:
0.50
^SPXEW:
0.13
^XSP:
2.07
^SPXEW:
0.50
^XSP:
4.57%
^SPXEW:
4.66%
^XSP:
19.43%
^SPXEW:
17.05%
^XSP:
-25.43%
^SPXEW:
-60.83%
^XSP:
-10.73%
^SPXEW:
-11.93%
Returns By Period
In the year-to-date period, ^XSP achieves a -6.75% return, which is significantly lower than ^SPXEW's -5.86% return.
^XSP
-6.75%
-5.05%
-5.60%
8.15%
N/A
N/A
^SPXEW
-5.86%
-6.00%
-7.84%
1.31%
12.50%
7.22%
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Risk-Adjusted Performance
^XSP vs. ^SPXEW — Risk-Adjusted Performance Rank
^XSP
^SPXEW
^XSP vs. ^SPXEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) and S&P 500 Equal Weighted Index (^SPXEW). 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. ^SPXEW - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for ^XSP and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. ^SPXEW - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) has a higher volatility of 14.22% compared to S&P 500 Equal Weighted Index (^SPXEW) at 12.63%. This indicates that ^XSP's price experiences larger fluctuations and is considered to be riskier than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.