^NQROBO vs. ^XCMP
Compare and contrast key facts about Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and NASDAQ Composite Total Return Index (^XCMP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NQROBO or ^XCMP.
Correlation
The correlation between ^NQROBO and ^XCMP is 0.81, 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
^NQROBO vs. ^XCMP - Performance Comparison
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Key characteristics
^NQROBO:
0.13
^XCMP:
0.57
^NQROBO:
0.55
^XCMP:
1.00
^NQROBO:
1.07
^XCMP:
1.14
^NQROBO:
0.17
^XCMP:
0.64
^NQROBO:
0.79
^XCMP:
2.11
^NQROBO:
8.54%
^XCMP:
7.35%
^NQROBO:
23.83%
^XCMP:
25.93%
^NQROBO:
-44.12%
^XCMP:
-35.83%
^NQROBO:
-23.16%
^XCMP:
-4.84%
Returns By Period
In the year-to-date period, ^NQROBO achieves a 0.45% return, which is significantly higher than ^XCMP's -0.61% return.
^NQROBO
0.45%
18.23%
-0.82%
3.26%
4.39%
6.35%
N/A
^XCMP
-0.61%
17.63%
1.19%
14.78%
19.96%
16.45%
15.24%
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Risk-Adjusted Performance
^NQROBO vs. ^XCMP — Risk-Adjusted Performance Rank
^NQROBO
^XCMP
^NQROBO vs. ^XCMP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and NASDAQ Composite Total Return Index (^XCMP). 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.
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Drawdowns
^NQROBO vs. ^XCMP - Drawdown Comparison
The maximum ^NQROBO drawdown since its inception was -44.12%, which is greater than ^XCMP's maximum drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for ^NQROBO and ^XCMP. For additional features, visit the drawdowns tool.
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Volatility
^NQROBO vs. ^XCMP - Volatility Comparison
Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) has a higher volatility of 6.59% compared to NASDAQ Composite Total Return Index (^XCMP) at 5.77%. This indicates that ^NQROBO's price experiences larger fluctuations and is considered to be riskier than ^XCMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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