We present the first characterization of the spectral properties of superradiant light emitted from the ultra-narrow, 1 mHz linewidth optical clock transition in an ensemble of cold $^{87}$Sr atoms. Such a light source has been proposed as a next-generation active atomic frequency reference, with the potential to enable high-precision optical frequency references to be used outside laboratory environments. By comparing the frequency of our superradiant source to that of a state-of-the-art cavity-stabilized laser and optical lattice clock, we observe a fractional Allan deviation of $6.7(1)times 10^{-16}$ at 1 second of averaging, establish absolute accuracy at the 2 Hz ($4times 10^{-15}$ fractional frequency) level, and demonstrate insensitivity to key environmental perturbations.