^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
Key characteristics
^NQROBO:
-0.16
^XCMP:
0.23
^NQROBO:
-0.06
^XCMP:
0.50
^NQROBO:
0.99
^XCMP:
1.07
^NQROBO:
-0.09
^XCMP:
0.24
^NQROBO:
-0.45
^XCMP:
0.83
^NQROBO:
8.22%
^XCMP:
7.09%
^NQROBO:
23.43%
^XCMP:
25.06%
^NQROBO:
-44.12%
^XCMP:
-35.83%
^NQROBO:
-29.70%
^XCMP:
-13.73%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -8.10% return, which is significantly higher than ^XCMP's -9.90% return.
^NQROBO
-8.10%
0.23%
-5.74%
-1.49%
5.45%
N/A
^XCMP
-9.90%
0.28%
-6.14%
9.80%
15.03%
14.29%
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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.
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.
Volatility
^NQROBO vs. ^XCMP - Volatility Comparison
The current volatility for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) is 13.80%, while NASDAQ Composite Total Return Index (^XCMP) has a volatility of 16.97%. This indicates that ^NQROBO experiences smaller price fluctuations and is considered to be less risky than ^XCMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.