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^NDXE vs. ^IXIC
Performance
Return for Risk
Drawdowns
Volatility

^NDXE vs. ^IXIC

Last updated Jun 5, 2026

^NDXE (NASDAQ 100 Equal Weighted Index) and ^IXIC (NASDAQ Composite) are both indexes. Over the past 10 years, ^NDXE returned 14.67%/yr vs 18.37%/yr for ^IXIC. With a 0.95 correlation, they move nearly in lockstep.

Performance

^NDXE vs. ^IXIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Equal Weighted Index (^NDXE) and NASDAQ Composite (^IXIC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^NDXE achieves a 18.53% return, which is significantly higher than ^IXIC's 15.44% return. Over the past 10 years, ^NDXE has underperformed ^IXIC with an annualized return of 14.67%, while ^IXIC has yielded a comparatively higher 18.37% annualized return.

^NDXE

1D
-0.24%
1M
9.05%
YTD
18.53%
6M
17.23%
1Y
27.31%
3Y*
17.75%
5Y*
9.50%
10Y*
14.67%

^IXIC

1D
-0.09%
1M
5.94%
YTD
15.44%
6M
14.15%
1Y
37.87%
3Y*
26.58%
5Y*
14.20%
10Y*
18.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^NDXE vs. ^IXIC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^NDXE
NASDAQ 100 Equal Weighted Index		18.53%13.87%6.26%32.61%-25.05%17.50%36.88%35.17%-5.62%25.48%
^IXIC
NASDAQ Composite		15.44%20.36%28.64%43.42%-33.10%21.39%43.64%35.23%-3.88%28.24%

Correlation

The correlation between ^NDXE and ^IXIC is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since May 3, 2006

0.95

The correlation between ^NDXE and ^IXIC shifts across timeframes, from 0.82 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.

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NASDAQ 100 Equal Weighted Index

NASDAQ Composite

Often compared with ^NDXE:
^NDXE vs. QQQ^NDXE vs. ^NDX^NDXE vs. SPY^NDXE vs. BRK-B^NDXE vs. XBI^NDXE vs. TSLA^NDXE vs. FTEC
Often compared with ^IXIC:
^IXIC vs. ^NDX^IXIC vs. QQQ^IXIC vs. ONEQ^IXIC vs. TQQQ^IXIC vs. QQQM^IXIC vs. SPY^IXIC vs. BZ=F

Return for Risk

^NDXE vs. ^IXIC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^NDXE
^NDXE Risk / Return Rank: 6767
Overall Rank
^NDXE Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
^NDXE Sortino Ratio Rank: 6868
Sortino Ratio Rank
^NDXE Omega Ratio Rank: 6767
Omega Ratio Rank
^NDXE Calmar Ratio Rank: 7070
Calmar Ratio Rank
^NDXE Martin Ratio Rank: 6666
Martin Ratio Rank
^IXIC
^IXIC Risk / Return Rank: 7575
Overall Rank
^IXIC Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
^IXIC Sortino Ratio Rank: 7777
Sortino Ratio Rank
^IXIC Omega Ratio Rank: 7575
Omega Ratio Rank
^IXIC Calmar Ratio Rank: 7070
Calmar Ratio Rank
^IXIC Martin Ratio Rank: 7575
Martin Ratio Rank
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.

^NDXE vs. ^IXIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Equal Weighted Index (^NDXE) 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.

^NDXE^IXICDifference
Sharpe ratioReturn per unit of total volatility
1.91
2.34

-0.44

Sortino ratioReturn per unit of downside risk
2.63
3.09

-0.45

Omega ratioGain probability vs. loss probability

1.32

1.40

-0.08

Calmar ratioReturn relative to maximum drawdown

2.87

2.88

-0.02

Martin ratioReturn relative to average drawdown

9.76

11.23

-1.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^NDXE vs. ^IXIC - Sharpe Ratio Comparison

The current ^NDXE Sharpe Ratio is 1.91, which is comparable to the ^IXIC Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of ^NDXE and ^IXIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^NDXE^IXICDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

2.34

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.64

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.84

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.53

-0.01

Drawdowns

^NDXE vs. ^IXIC - Drawdown Comparison

The maximum ^NDXE drawdown since its inception was -58.20%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ^NDXE and ^IXIC.

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Drawdown Indicators

^NDXE^IXICDifference

Max Drawdown

Largest peak-to-trough decline

-58.20%

-77.93%

+19.73%

Max Drawdown (1Y)

Largest decline over 1 year

-9.57%

-13.21%

+3.64%

Max Drawdown (3Y)

Largest decline over 3 years

-21.54%

-24.32%

+2.78%

Max Drawdown (5Y)

Largest decline over 5 years

-32.54%

-36.40%

+3.86%

Max Drawdown (10Y)

Largest decline over 10 years

-32.54%

-36.40%

+3.86%

Current Drawdown

Current decline from peak

-0.36%

-0.97%

+0.61%

Average Drawdown

Average peak-to-trough decline

-8.35%

-21.40%

+13.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

3.38%

-0.58%

Volatility

^NDXE vs. ^IXIC - Volatility Comparison

The current volatility for NASDAQ 100 Equal Weighted Index (^NDXE) is 3.89%, while NASDAQ Composite (^IXIC) has a volatility of 4.23%. This indicates that ^NDXE 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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Volatility by Period

^NDXE^IXICDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

4.23%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

10.87%

12.13%

-1.26%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

16.24%

-1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.49%

22.43%

-1.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.86%

22.01%

-1.15%

Frequently Asked Questions

^NDXE and ^IXIC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^IXIC has higher volatility (4.23%) compared to ^NDXE (3.89%). In terms of maximum drawdown, ^NDXE dropped -58.20% vs ^IXIC's -77.93%.

^IXIC currently has the higher Sharpe Ratio (2.34 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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