^NQROBO vs. SPY
Compare and contrast key facts about Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NQROBO or SPY.
Correlation
The correlation between ^NQROBO and SPY 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. SPY - Performance Comparison
Key characteristics
^NQROBO:
-0.15
SPY:
0.60
^NQROBO:
-0.05
SPY:
0.98
^NQROBO:
0.99
SPY:
1.15
^NQROBO:
-0.09
SPY:
0.64
^NQROBO:
-0.42
SPY:
2.53
^NQROBO:
8.48%
SPY:
4.77%
^NQROBO:
23.43%
SPY:
20.03%
^NQROBO:
-44.12%
SPY:
-55.19%
^NQROBO:
-28.63%
SPY:
-8.56%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -6.69% return, which is significantly lower than SPY's -4.37% return.
^NQROBO
-6.69%
14.19%
-5.85%
-2.99%
5.68%
N/A
SPY
-4.37%
10.59%
-2.49%
9.55%
15.94%
12.15%
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Risk-Adjusted Performance
^NQROBO vs. SPY — Risk-Adjusted Performance Rank
^NQROBO
SPY
^NQROBO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum ^NQROBO drawdown since its inception was -44.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NQROBO and SPY. For additional features, visit the drawdowns tool.
Volatility
^NQROBO vs. SPY - Volatility Comparison
The current volatility for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) is 10.07%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.56%. This indicates that ^NQROBO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.