Highlights
- Avg. Volume (1M)
- 0
- Avg. Volume Value (1M)
- $0.00
Share Price Chart
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Performance
^XAX Performance Chart
NYSE American Composite Index (^XAX) is up 23.0% since the beginning of the year. ^XAX is currently trading at $8,448 per share. Investors who bought $1,000 worth of ^XAX shares 5 years ago would now be looking at an investment worth $2,799.
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Returns By Period
NYSE American Composite Index (^XAX) has returned 23.03% so far this year and 41.66% over the past 12 months. Over the last decade, ^XAX has posted an annualized return of 13.39%, slightly higher than the S&P 500 Index benchmark’s 13.26%.
NYSE American Composite Index
- 1D
- 0.12%
- 1M
- 7.52%
- 6M
- 9.54%
- YTD
- 23.03%
- 1Y
- 41.66%
- 3Y*
- 24.88%
- 5Y*
- 22.86%
- 10Y*
- 13.39%
- ALL TIME*
- 9.37%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
^XAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 27, 1995, ^XAX's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +26.2%, while the worst month was Mar 2020 at -30.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ^XAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +13.3%, while the worst single day was Mar 9, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.31% | 13.60% | 0.74% | 3.93% | -7.50% | -8.55% | 8.88% | 23.03% | |||||
| 2025 | 4.55% | 0.41% | 3.79% | -3.59% | 5.52% | 11.30% | 3.36% | 11.13% | 5.21% | -0.83% | 7.81% | -8.07% | 46.53% |
| 2024 | -2.07% | 0.10% | 8.20% | -1.19% | 3.33% | -2.93% | 5.96% | 1.58% | -2.24% | 2.84% | 0.30% | -10.61% | 2.00% |
| 2023 | 6.26% | -3.30% | 0.59% | -1.75% | -7.82% | 8.04% | 4.83% | 2.16% | 2.52% | -3.14% | 4.53% | -1.19% | 11.10% |
| 2022 | 5.05% | 10.36% | 5.20% | -1.91% | 3.75% | -8.53% | 6.52% | 3.00% | -4.62% | 12.22% | 2.59% | -11.79% | 20.66% |
| 2021 | 2.34% | 7.68% | 4.37% | 8.37% | 9.49% | -1.58% | -4.84% | 0.24% | 6.81% | 5.60% | -1.68% | 2.17% | 45.17% |
Benchmark Metrics
NYSE American Composite Index has an annualized alpha of 4.18%, beta of 0.67, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since December 27, 1995.
- This index participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (81.89%) than losses (76.89%) - typical of diversified or defensive assets.
- Beta of 0.67 may look defensive, but with R2 of 0.45 this index is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
- R2 of 0.45 means the benchmark explains less than half of this index's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.18%
- Beta
- 0.67
- R²
- 0.45
- Upside Capture
- 81.89%
- Downside Capture
- 76.89%
Return for Risk
Risk / Return Rank
^XAX ranks 78 for risk / return — above 78% of indices peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for NYSE American Composite Index (^XAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^XAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.00 | +0.47 |
| Martin ratioReturn relative to average drawdown | 7.31 | 8.49 | -1.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the NYSE American Composite Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NYSE American Composite Index was 54.41%, occurring on Nov 20, 2008. Recovery took 1328 trading sessions.
The current NYSE American Composite Index drawdown is 8.87%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-54.41%Nov 2008 | 1y 14d | 5y 3mo | 6y 4moNov 2007 - Mar 2014 | Financial crisis2007–2009 |
-53.51%Mar 2020 | 5y 8mo | 11mo 29d | 6y 8moJul 2014 - Mar 2021 | COVID crash2020 |
-25.52%Jul 2002 | 2y 4mo | 1y 3mo | 3y 7moMar 2000 - Oct 2003 | Dot-com crash2000–2002 |
-25.20%Oct 1998 | 5mo 18d | 6mo 16d | 12mo 4dApr 1998 - Apr 1999 | — |
-19.28%Jul 2022 | 1mo 6d | 1mo 11d | 2mo 17dJun 2022 - Aug 2022 | Bear market2022 |
Drawdown Indicators
| ^XAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.41% | -56.78% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.79% | -9.10% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -18.90% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -25.43% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -52.59% | -33.92% | -18.67% |
Current DrawdownCurrent decline from peak | -8.87% | -1.58% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -10.70% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 2.14% | +3.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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