^SIXT vs. NVDA
Compare and contrast key facts about Technology Select Sector Index (^SIXT) and NVIDIA Corporation (NVDA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXT or NVDA.
Correlation
The correlation between ^SIXT and NVDA is 0.71, 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
^SIXT vs. NVDA - Performance Comparison
Key characteristics
^SIXT:
0.09
NVDA:
0.53
^SIXT:
0.28
NVDA:
1.05
^SIXT:
1.04
NVDA:
1.13
^SIXT:
0.13
NVDA:
1.10
^SIXT:
0.41
NVDA:
2.85
^SIXT:
5.32%
NVDA:
10.44%
^SIXT:
23.42%
NVDA:
56.21%
^SIXT:
-33.93%
NVDA:
-89.73%
^SIXT:
-11.13%
NVDA:
-26.01%
Returns By Period
In the year-to-date period, ^SIXT achieves a -7.48% return, which is significantly higher than NVDA's -17.66% return. Over the past 10 years, ^SIXT has underperformed NVDA with an annualized return of 17.74%, while NVDA has yielded a comparatively higher 70.33% annualized return.
^SIXT
-7.48%
-6.83%
2.89%
4.00%
19.57%
17.74%
NVDA
-17.66%
-6.81%
3.15%
24.68%
75.89%
70.33%
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Risk-Adjusted Performance
^SIXT vs. NVDA — Risk-Adjusted Performance Rank
^SIXT
NVDA
^SIXT vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector Index (^SIXT) and NVIDIA Corporation (NVDA). 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
^SIXT vs. NVDA - Drawdown Comparison
The maximum ^SIXT drawdown since its inception was -33.93%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for ^SIXT and NVDA. For additional features, visit the drawdowns tool.
Volatility
^SIXT vs. NVDA - Volatility Comparison
The current volatility for Technology Select Sector Index (^SIXT) is 7.27%, while NVIDIA Corporation (NVDA) has a volatility of 17.72%. This indicates that ^SIXT experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.