^DJUSM vs. NQ=F

Last updated Jul 11, 2026

^DJUSM (Dow Jones U.S. Mid-Cap Index) is an index, while NQ=F (E-Mini Nasdaq 100 Futures) is an asset. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

^DJUSM vs. NQ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Jones U.S. Mid-Cap Index (^DJUSM) and E-Mini Nasdaq 100 Futures (NQ=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

^DJUSM

• 1D: 0.09%
• 1M: 1.73%
• 6M: 10.43%
• YTD: 13.36%
• 1Y: 16.59%
• 3Y*: 14.97%
• 5Y*: 7.94%
• 10Y*: 10.80%

NQ=F

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^DJUSM vs. NQ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DJUSM Dow Jones U.S. Mid-Cap Index	13.36%	11.70%	14.17%	14.40%	-16.97%	24.91%	14.73%	29.64%	-10.32%	17.92%
NQ=F E-Mini Nasdaq 100 Futures	0.00%	0.00%	0.00%	24.43%	-32.46%	26.66%	47.22%	38.20%	-1.18%	31.76%

Correlation

The correlation between ^DJUSM and NQ=F is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Aug 20, 2003	0.76

The correlation between ^DJUSM and NQ=F shifts across timeframes, from 0.52 (5 years) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

^DJUSM vs. NQ=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DJUSM

^DJUSM Risk / Return Rank: 50
^DJUSM Sharpe Ratio Rank: 45
^DJUSM Sortino Ratio Rank: 45
^DJUSM Omega Ratio Rank: 45
^DJUSM Calmar Ratio Rank: 54
^DJUSM Martin Ratio Rank: 59

NQ=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

^DJUSM vs. NQ=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Mid-Cap Index (^DJUSM) and E-Mini Nasdaq 100 Futures (NQ=F). 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.

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.

	^DJUSM	NQ=F	Difference
Sharpe ratio: Return per unit of total volatility	1.30	—	—
Sortino ratio: Return per unit of downside risk	1.88	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	7.36	—	—

Drawdowns

Drawdown Indicators

	^DJUSM	NQ=F	Difference
Max Drawdown Largest peak-to-trough decline	-60.72%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.59%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-8.92%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	^DJUSM	NQ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	—	—

Frequently Asked Questions

Can I hold both ^DJUSM and NQ=F in my portfolio?

^DJUSM and NQ=F have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.