^NDX vs. SPY
Compare and contrast key facts about NASDAQ 100 (^NDX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDX or SPY.
Correlation
The correlation between ^NDX and SPY is 0.83, 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.
Performance
^NDX vs. SPY - Performance Comparison
Key characteristics
^NDX:
0.33
SPY:
0.62
^NDX:
0.56
SPY:
0.90
^NDX:
1.07
SPY:
1.12
^NDX:
0.48
SPY:
0.86
^NDX:
1.26
SPY:
2.84
^NDX:
5.13%
SPY:
3.03%
^NDX:
19.81%
SPY:
13.88%
^NDX:
-82.90%
SPY:
-55.19%
^NDX:
-12.35%
SPY:
-8.20%
Returns By Period
In the year-to-date period, ^NDX achieves a -7.50% return, which is significantly lower than SPY's -4.00% return. Over the past 10 years, ^NDX has outperformed SPY with an annualized return of 16.28%, while SPY has yielded a comparatively lower 12.47% annualized return.
^NDX
-7.50%
-6.93%
-1.70%
6.25%
20.64%
16.28%
SPY
-4.00%
-5.31%
-0.72%
8.80%
19.18%
12.47%
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Risk-Adjusted Performance
^NDX vs. SPY — Risk-Adjusted Performance Rank
^NDX
SPY
^NDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) and SPDR S&P 500 ETF (SPY). 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.
Drawdowns
^NDX vs. SPY - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NDX and SPY. For additional features, visit the drawdowns tool.
Volatility
^NDX vs. SPY - Volatility Comparison
NASDAQ 100 (^NDX) has a higher volatility of 7.72% compared to SPDR S&P 500 ETF (SPY) at 5.81%. This indicates that ^NDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.