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NYSE American Composite Index (^XAX)
Performance
Return for Risk
Drawdowns
Volatility

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in NYSE American Composite Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

NYSE American Composite Index (^XAX) has returned 28.53% so far this year and 72.84% over the past 12 months. Looking at the last ten years, ^XAX has achieved an annualized return of 14.73%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.


NYSE American Composite Index

1D
2.13%
1M
0.74%
YTD
28.53%
6M
26.32%
1Y
72.84%
3Y*
27.34%
5Y*
26.04%
10Y*
14.73%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 27, 1995, ^XAX's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, your investment would double in approximately 6.4 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202612.31%13.60%0.74%28.53%
20254.55%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%
20236.26%-3.30%0.59%-1.75%-7.82%8.04%4.83%2.16%2.52%-3.14%4.53%-1.19%11.10%
20225.05%10.36%5.20%-1.91%3.75%-8.53%6.52%3.00%-4.62%12.22%2.59%-11.79%20.66%
20212.34%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 4.63%, beta of 0.67, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since December 28, 1995.

  • This index participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.46%) than losses (77.06%) — typical of diversified or defensive assets.
  • Beta of 0.67 may look defensive, but with R² of 0.46 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 0.46 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
4.63%
Beta
0.67
0.46
Upside Capture
84.46%
Downside Capture
77.06%

Return for Risk

Risk / Return Rank

^XAX ranks 98 for risk / return — in the top 98% of indices on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


^XAX Risk / Return Rank: 9898
Overall Rank
^XAX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
^XAX Sortino Ratio Rank: 9898
Sortino Ratio Rank
^XAX Omega Ratio Rank: 9999
Omega Ratio Rank
^XAX Calmar Ratio Rank: 9898
Calmar Ratio Rank
^XAX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for NYSE American Composite Index (^XAX) and compare them to a chosen benchmark (S&P 500 Index).


^XAXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

3.13

0.90

+2.23

Sortino ratio

Return per unit of downside risk

3.63

1.39

+2.24

Omega ratio

Gain probability vs. loss probability

1.54

1.21

+0.33

Calmar ratio

Return relative to maximum drawdown

4.97

1.40

+3.57

Martin ratio

Return relative to average drawdown

20.61

6.61

+14.01

Explore ^XAX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

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 0.40%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-54.41%Nov 7, 2007263Nov 20, 20081328Mar 5, 20141591
-53.51%Jul 7, 20141432Mar 18, 2020248Mar 12, 20211680
-25.52%Mar 24, 2000583Jul 23, 2002320Oct 28, 2003903
-25.2%Apr 23, 1998118Oct 8, 1998134Apr 22, 1999252
-19.28%Jun 8, 202225Jul 14, 202229Aug 24, 202254

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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