^NDX vs. ^XNDX

Last updated Jun 19, 2026

^NDX (NASDAQ 100 Index) and ^XNDX (NASDAQ 100 Total Return Index) are both indexes. With a 1.00 correlation, they move nearly in lockstep.

Performance

^NDX vs. ^XNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Index (^NDX) and NASDAQ 100 Total Return Index (^XNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

^NDX

• 1D: 2.48%
• 1M: 5.51%
• YTD: 20.42%
• 6M: 21.53%
• 1Y: 39.99%
• 3Y*: 26.32%
• 5Y*: 16.70%
• 10Y*: 21.32%

^XNDX

• 1D: -1.62%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

^NDX vs. ^XNDX - Yearly Performance Comparison

	2026 (YTD)
^NDX NASDAQ 100 Index	1.46%
^XNDX NASDAQ 100 Total Return Index	-1.62%

Correlation

The correlation between ^NDX and ^XNDX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 17, 2026	1.00

Return for Risk

^NDX vs. ^XNDX — Risk / Return Rank

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

^NDX

^NDX Risk / Return Rank: 82
^NDX Sharpe Ratio Rank: 81
^NDX Sortino Ratio Rank: 82
^NDX Omega Ratio Rank: 83
^NDX Calmar Ratio Rank: 82
^NDX Martin Ratio Rank: 82

^XNDX

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.

^NDX vs. ^XNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Index (^NDX) and NASDAQ 100 Total Return Index (^XNDX). 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.

	^NDX	^XNDX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	—	—
Sortino ratio: Return per unit of downside risk	2.96	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.31	—	—
Martin ratio: Return relative to average drawdown	12.29	—	—

Drawdowns

^NDX vs. ^XNDX - Drawdown Comparison

The maximum ^NDX drawdown since its inception was -82.90%, which is greater than ^XNDX's maximum drawdown of -1.62%. Use the drawdown chart below to compare losses from any high point for ^NDX and ^XNDX.

Drawdown Indicators

	^NDX	^XNDX	Difference
Max Drawdown Largest peak-to-trough decline	-82.90%	-1.62%	-81.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.56%	—	—
Current Drawdown Current decline from peak	-0.83%	-1.62%	+0.79%
Average Drawdown Average peak-to-trough decline	-24.60%	-1.62%	-22.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	—	—

Volatility

Volatility by Period

	^NDX	^XNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.65%	—	—

Frequently Asked Questions

Can I hold both ^NDX and ^XNDX in my portfolio?

With a correlation of 1.00, ^NDX and ^XNDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.