STRASMORE/EXPLORE 2,170 QUERIES

Same $100 invested: one single stock versus the S&P 500 index, indexed to 100

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from The Real Risk of One Stock.

as of series 14×3read in context →
Same $100 invested: one single stock versus the S&P 500 index, indexed to 100 — 14 rows by 3 columns, computed from US exchange, SIP and OPRA data.
monthspy_indexedtsla_indexed
Jul 2025100100
Aug 2025102.1108.4
Sep 2025105.4144.2
Oct 2025107.9148.1
Nov 2025108.1139.6
Dec 2025107.9145.9
Jan 2026109.5139.7
Feb 2026108.6130.6
Mar 2026102.9120.6
Apr 2026113.7123.8
May 2026119.7141.3
Jun 2026118.1136.4
Jul 2026118.2100.9
Aug 2026121.4118.1
Rows × columns
14 × 3
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for Same $100 invested: one single stock versus the S&P 500 index, indexed to 100, derived from the stored result.
ColumnTypeRangeNotes
month date Apr 2026 to Sep 2025
spy_indexed number 100 to 121.4
tsla_indexed number 100 to 148.1

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.

the exact SQL behind every number
SELECT formatDateTime(mo, '%b %Y') AS month,
       round(anyIf(idx, ticker = 'SPY'), 1) AS spy_indexed,
       round(anyIf(idx, ticker = 'TSLA'), 1) AS tsla_indexed
FROM (
    SELECT ticker, mo,
           mclose / first_value(mclose) OVER (PARTITION BY ticker ORDER BY mo
               ROWS BETWEEN UNBOUNDED PRECEDING AND UNBOUNDED FOLLOWING) * 100 AS idx
    FROM (
        SELECT ticker, mo, argMax(c, dt) AS mclose
        FROM (
            SELECT ticker,
                   toStartOfMonth(toDate(toTimeZone(window_start, 'America/New_York'))) AS mo,
                   toDate(toTimeZone(window_start, 'America/New_York')) AS dt,
                   argMax(toFloat64(close), toTimeZone(window_start, 'America/New_York')) AS c
            FROM global_markets.delayed_stocks_minute_aggs
            WHERE ticker IN ('SPY', 'TSLA')
              AND window_start >= now() - INTERVAL 400 DAY
              AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
                   + toMinute(toTimeZone(window_start, 'America/New_York'))) BETWEEN 570 AND 959
            GROUP BY ticker, mo, dt
        )
        GROUP BY ticker, mo
    )
)
GROUP BY mo
ORDER BY mo

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