^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:
0.07
SPY:
0.20
^NDX:
0.28
SPY:
0.42
^NDX:
1.04
SPY:
1.06
^NDX:
0.08
SPY:
0.21
^NDX:
0.28
SPY:
0.92
^NDX:
6.42%
SPY:
4.30%
^NDX:
25.10%
SPY:
19.83%
^NDX:
-82.90%
SPY:
-55.19%
^NDX:
-19.69%
SPY:
-15.91%
Returns By Period
In the year-to-date period, ^NDX achieves a -15.25% return, which is significantly lower than SPY's -12.06% return. Over the past 10 years, ^NDX has outperformed SPY with an annualized return of 14.70%, while SPY has yielded a comparatively lower 11.22% annualized return.
^NDX
-15.25%
-9.85%
-12.54%
4.52%
15.56%
14.70%
SPY
-12.06%
-8.88%
-11.39%
5.10%
14.70%
11.22%
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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 16.30% compared to SPDR S&P 500 ETF (SPY) at 14.67%. 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.