Correlation
The correlation between ^NDX and ^IXIC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
^NDX vs. ^IXIC
Compare and contrast key facts about NASDAQ 100 (^NDX) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDX or ^IXIC.
Performance
^NDX vs. ^IXIC - Performance Comparison
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Key characteristics
^NDX:
0.63
^IXIC:
0.58
^NDX:
0.97
^IXIC:
0.91
^NDX:
1.13
^IXIC:
1.13
^NDX:
0.64
^IXIC:
0.56
^NDX:
2.07
^IXIC:
1.83
^NDX:
7.09%
^IXIC:
7.49%
^NDX:
25.72%
^IXIC:
26.16%
^NDX:
-82.90%
^IXIC:
-77.93%
^NDX:
-3.08%
^IXIC:
-4.62%
Returns By Period
In the year-to-date period, ^NDX achieves a 2.28% return, which is significantly higher than ^IXIC's -0.35% return. Over the past 10 years, ^NDX has outperformed ^IXIC with an annualized return of 16.98%, while ^IXIC has yielded a comparatively lower 14.27% annualized return.
^NDX
2.28%
6.91%
1.55%
15.94%
19.65%
17.24%
16.98%
^IXIC
-0.35%
7.04%
-0.83%
14.98%
17.01%
14.72%
14.27%
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Risk-Adjusted Performance
^NDX vs. ^IXIC — Risk-Adjusted Performance Rank
^NDX
^IXIC
^NDX vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) 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.
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Drawdowns
^NDX vs. ^IXIC - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than ^IXIC's maximum drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ^NDX and ^IXIC.
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Volatility
^NDX vs. ^IXIC - Volatility Comparison
The current volatility for NASDAQ 100 (^NDX) is 5.55%, while NASDAQ Composite (^IXIC) has a volatility of 5.90%. This indicates that ^NDX 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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