^NDXT vs. SPLG
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and SPDR Portfolio S&P 500 ETF (SPLG).
SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or SPLG.
Correlation
The correlation between ^NDXT and SPLG is 0.75, 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. SPLG - Performance Comparison
Key characteristics
^NDXT:
-0.37
SPLG:
0.32
^NDXT:
-0.34
SPLG:
0.57
^NDXT:
0.96
SPLG:
1.08
^NDXT:
-0.41
SPLG:
0.32
^NDXT:
-1.35
SPLG:
1.42
^NDXT:
8.85%
SPLG:
4.19%
^NDXT:
32.00%
SPLG:
18.83%
^NDXT:
-59.34%
SPLG:
-54.52%
^NDXT:
-23.55%
SPLG:
-13.84%
Returns By Period
In the year-to-date period, ^NDXT achieves a -14.20% return, which is significantly lower than SPLG's -9.89% return. Over the past 10 years, ^NDXT has outperformed SPLG with an annualized return of 13.85%, while SPLG has yielded a comparatively lower 11.52% annualized return.
^NDXT
-14.20%
-11.43%
-16.50%
-7.24%
12.71%
13.85%
SPLG
-9.89%
-6.68%
-9.34%
7.74%
15.86%
11.52%
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Risk-Adjusted Performance
^NDXT vs. SPLG — Risk-Adjusted Performance Rank
^NDXT
SPLG
^NDXT vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and SPDR Portfolio S&P 500 ETF (SPLG). 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
^NDXT vs. SPLG - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for ^NDXT and SPLG. For additional features, visit the drawdowns tool.
Volatility
^NDXT vs. SPLG - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 20.23% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 13.53%. This indicates that ^NDXT's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.