^NDXE vs. ARM
^NDXE (NASDAQ 100 Equal Weighted Index) is an index, while ARM (Arm Holdings plc American Depositary Shares) is a stock. Over the past year, ^NDXE returned 28.23% vs 181.11% for ARM. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
^NDXE vs. ARM - Performance Comparison
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Returns By Period
In the year-to-date period, ^NDXE achieves a 18.64% return, which is significantly lower than ARM's 272.99% return.
^NDXE
- 1D
- -0.13%
- 1M
- 4.14%
- YTD
- 18.64%
- 6M
- 17.05%
- 1Y
- 28.23%
- 3Y*
- 17.58%
- 5Y*
- 9.08%
- 10Y*
- 15.33%
ARM
- 1D
- -7.22%
- 1M
- 33.02%
- YTD
- 272.99%
- 6M
- 259.89%
- 1Y
- 181.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^NDXE vs. ARM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
^NDXE NASDAQ 100 Equal Weighted Index | 18.64% | 13.87% | 6.26% | 9.54% |
ARM Arm Holdings plc American Depositary Shares | 272.99% | -11.39% | 64.16% | 33.95% |
Correlation
The correlation between ^NDXE and ARM is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.64 |
The correlation between ^NDXE and ARM has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
^NDXE vs. ARM — Risk / Return Rank
^NDXE
ARM
^NDXE vs. ARM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Equal Weighted Index (^NDXE) and Arm Holdings plc American Depositary Shares (ARM). 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.
| ^NDXE | ARM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.40 | -1.43 |
| Martin ratioReturn relative to average drawdown | 9.85 | 8.63 | +1.22 |
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Drawdowns
^NDXE vs. ARM - Drawdown Comparison
The maximum ^NDXE drawdown since its inception was -58.20%, which is greater than ARM's maximum drawdown of -53.97%. Use the drawdown chart below to compare losses from any high point for ^NDXE and ARM.
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Drawdown Indicators
| ^NDXE | ARM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.20% | -53.97% | -4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -41.47% | +31.90% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -7.22% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -21.19% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 21.08% | -18.21% |
Volatility
^NDXE vs. ARM - Volatility Comparison
The current volatility for NASDAQ 100 Equal Weighted Index (^NDXE) is 7.76%, while Arm Holdings plc American Depositary Shares (ARM) has a volatility of 36.10%. This indicates that ^NDXE experiences smaller price fluctuations and is considered to be less risky than ARM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^NDXE | ARM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 36.10% | -28.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 58.43% | -45.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 70.18% | -54.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 76.75% | -56.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 76.75% | -55.78% |
Frequently Asked Questions
^NDXE and ARM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARM has higher volatility (36.10%) compared to ^NDXE (7.76%). In terms of maximum drawdown, ^NDXE dropped -58.20% vs ARM's -53.97%.
ARM currently has the higher Sharpe Ratio (2.60 vs 1.79), 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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