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^NDXT vs. ^NDX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^NDXT and ^NDX is 0.85, 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

^NDXT vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Technology Sector Index (^NDXT) and NASDAQ 100 (^NDX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

^NDXT:

0.02

^NDX:

0.43

Sortino Ratio

^NDXT:

0.24

^NDX:

0.77

Omega Ratio

^NDXT:

1.03

^NDX:

1.11

Calmar Ratio

^NDXT:

0.01

^NDX:

0.47

Martin Ratio

^NDXT:

0.03

^NDX:

1.55

Ulcer Index

^NDXT:

9.75%

^NDX:

7.02%

Daily Std Dev

^NDXT:

32.48%

^NDX:

25.24%

Max Drawdown

^NDXT:

-59.34%

^NDX:

-82.90%

Current Drawdown

^NDXT:

-12.37%

^NDX:

-9.53%

Returns By Period

In the year-to-date period, ^NDXT achieves a -1.66% return, which is significantly higher than ^NDX's -4.52% return. Both investments have delivered pretty close results over the past 10 years, with ^NDXT having a 15.63% annualized return and ^NDX not far ahead at 16.37%.


^NDXT

YTD

-1.66%

1M

7.68%

6M

-7.09%

1Y

0.62%

5Y*

13.57%

10Y*

15.63%

^NDX

YTD

-4.52%

1M

4.79%

6M

-5.00%

1Y

10.75%

5Y*

16.86%

10Y*

16.37%

*Annualized

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Risk-Adjusted Performance

^NDXT vs. ^NDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^NDXT
The Risk-Adjusted Performance Rank of ^NDXT is 2929
Overall Rank
The Sharpe Ratio Rank of ^NDXT is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of ^NDXT is 2929
Sortino Ratio Rank
The Omega Ratio Rank of ^NDXT is 2929
Omega Ratio Rank
The Calmar Ratio Rank of ^NDXT is 2929
Calmar Ratio Rank
The Martin Ratio Rank of ^NDXT is 2929
Martin Ratio Rank

^NDX
The Risk-Adjusted Performance Rank of ^NDX is 6161
Overall Rank
The Sharpe Ratio Rank of ^NDX is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of ^NDX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of ^NDX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of ^NDX is 6767
Calmar Ratio Rank
The Martin Ratio Rank of ^NDX is 6262
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^NDXT vs. ^NDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and NASDAQ 100 (^NDX). 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.


The current ^NDXT Sharpe Ratio is 0.02, which is lower than the ^NDX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of ^NDXT and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Drawdowns

^NDXT vs. ^NDX - Drawdown Comparison

The maximum ^NDXT drawdown since its inception was -59.34%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^NDXT and ^NDX. For additional features, visit the drawdowns tool.


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Volatility

^NDXT vs. ^NDX - Volatility Comparison


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