^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:
2.03
^SPXEW:
1.00
^XSP:
2.71
^SPXEW:
1.44
^XSP:
1.37
^SPXEW:
1.18
^XSP:
3.04
^SPXEW:
1.58
^XSP:
12.93
^SPXEW:
4.50
^XSP:
2.00%
^SPXEW:
2.55%
^XSP:
12.72%
^SPXEW:
11.50%
^XSP:
-25.43%
^SPXEW:
-60.83%
^XSP:
-2.98%
^SPXEW:
-6.22%
Returns By Period
In the year-to-date period, ^XSP achieves a 0.47% return, which is significantly higher than ^SPXEW's 0.24% return.
^XSP
0.47%
-2.98%
5.95%
24.05%
N/A
N/A
^SPXEW
0.24%
-5.00%
7.22%
11.48%
8.63%
8.28%
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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 4.45% compared to S&P 500 Equal Weighted Index (^SPXEW) at 3.93%. 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.