^MID vs. ^IXIC
^MID (S&P Mid Cap 400 Index) and ^IXIC (NASDAQ Composite) are both indexes. Over the past 10 years, ^MID returned 10.08%/yr vs 18.71%/yr for ^IXIC. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
^MID vs. ^IXIC - Performance Comparison
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Returns By Period
In the year-to-date period, ^MID achieves a 15.17% return, which is significantly higher than ^IXIC's 12.58% return. Over the past 10 years, ^MID has underperformed ^IXIC with an annualized return of 10.08%, while ^IXIC has yielded a comparatively higher 18.71% annualized return.
^MID
- 1D
- 0.40%
- 1M
- 3.63%
- YTD
- 15.17%
- 6M
- 12.66%
- 1Y
- 25.83%
- 3Y*
- 14.82%
- 5Y*
- 7.30%
- 10Y*
- 10.08%
^IXIC
- 1D
- -1.32%
- 1M
- -0.67%
- YTD
- 12.58%
- 6M
- 11.69%
- 1Y
- 34.55%
- 3Y*
- 24.71%
- 5Y*
- 12.89%
- 10Y*
- 18.71%
^MID vs. ^IXIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^MID S&P Mid Cap 400 Index | 15.17% | 5.90% | 12.20% | 14.45% | -14.48% | 23.21% | 11.81% | 24.05% | -12.50% | 14.45% |
^IXIC NASDAQ Composite | 12.58% | 20.36% | 28.64% | 43.42% | -33.10% | 21.39% | 43.64% | 35.23% | -3.88% | 28.24% |
Correlation
The correlation between ^MID and ^IXIC is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1981 | 0.85 |
Over the past year, the correlation between ^MID and ^IXIC has dropped to 0.62 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
^MID vs. ^IXIC — Risk / Return Rank
^MID
^IXIC
^MID vs. ^IXIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Mid Cap 400 Index (^MID) and NASDAQ Composite (^IXIC). 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.
| ^MID | ^IXIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.63 | +0.27 |
| Martin ratioReturn relative to average drawdown | 10.41 | 9.90 | +0.51 |
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Drawdowns
^MID vs. ^IXIC - Drawdown Comparison
The maximum ^MID drawdown since its inception was -56.32%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ^MID and ^IXIC.
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Drawdown Indicators
| ^MID | ^IXIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.32% | -77.93% | +21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -13.21% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -24.32% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -36.40% | +11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | -36.40% | -5.74% |
Current DrawdownCurrent decline from peak | -0.04% | -3.42% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -21.38% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.50% | -1.01% |
Volatility
^MID vs. ^IXIC - Volatility Comparison
The current volatility for S&P Mid Cap 400 Index (^MID) is 4.56%, while NASDAQ Composite (^IXIC) has a volatility of 7.34%. This indicates that ^MID experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^MID | ^IXIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 7.34% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 13.72% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 17.47% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 22.63% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 22.11% | -1.08% |
Frequently Asked Questions
^MID and ^IXIC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^IXIC has higher volatility (7.34%) compared to ^MID (4.56%). In terms of maximum drawdown, ^MID dropped -56.32% vs ^IXIC's -77.93%.
^IXIC currently has the higher Sharpe Ratio (1.99 vs 1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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