^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:
1.58
SPY:
2.21
^NDX:
2.12
SPY:
2.93
^NDX:
1.29
SPY:
1.41
^NDX:
2.11
SPY:
3.26
^NDX:
7.52
SPY:
14.43
^NDX:
3.80%
SPY:
1.90%
^NDX:
18.07%
SPY:
12.41%
^NDX:
-82.90%
SPY:
-55.19%
^NDX:
-3.65%
SPY:
-2.74%
Returns By Period
The year-to-date returns for both stocks are quite close, with ^NDX having a 26.53% return and SPY slightly lower at 25.54%. Over the past 10 years, ^NDX has outperformed SPY with an annualized return of 17.44%, while SPY has yielded a comparatively lower 12.97% annualized return.
^NDX
26.53%
3.01%
8.06%
27.04%
19.69%
17.44%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
^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 5.35% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.