^SP100 vs. ^NDX

Last updated Apr 2, 2026

Compare and contrast key facts about S&P 100 Index (^SP100) and NASDAQ 100 Index (^NDX).

Performance

^SP100 vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 100 Index (^SP100) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

^SP100 vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SP100 S&P 100 Index	-6.49%	18.76%	29.25%	30.83%	-22.12%	27.55%	19.30%	29.47%	-5.86%	19.34%
^NDX NASDAQ 100 Index	-4.87%	20.17%	24.88%	53.81%	-32.97%	26.63%	47.58%	37.96%	-1.04%	31.52%

Returns By Period

In the year-to-date period, ^SP100 achieves a -6.49% return, which is significantly lower than ^NDX's -4.87% return. Over the past 10 years, ^SP100 has underperformed ^NDX with an annualized return of 13.32%, while ^NDX has yielded a comparatively higher 18.15% annualized return.

^SP100

• 1D: 0.73%
• 1M: -4.22%
• YTD: -6.49%
• 6M: -4.06%
• 1Y: 17.96%
• 3Y*: 19.64%
• 5Y*: 11.98%
• 10Y*: 13.32%

^NDX

• 1D: 1.18%
• 1M: -3.89%
• YTD: -4.87%
• 6M: -3.15%
• 1Y: 23.58%
• 3Y*: 22.14%
• 5Y*: 12.50%
• 10Y*: 18.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^SP100 vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SP100

^SP100 Risk / Return Rank: 66
^SP100 Sharpe Ratio Rank: 63
^SP100 Sortino Ratio Rank: 65
^SP100 Omega Ratio Rank: 69
^SP100 Calmar Ratio Rank: 65
^SP100 Martin Ratio Rank: 69

^NDX

^NDX Risk / Return Rank: 76
^NDX Sharpe Ratio Rank: 70
^NDX Sortino Ratio Rank: 74
^NDX Omega Ratio Rank: 74
^NDX Calmar Ratio Rank: 81
^NDX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SP100 vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) and NASDAQ 100 Index (^NDX). 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.

	^SP100	^NDX	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.04	-0.11
Sortino ratio Return per unit of downside risk	1.46	1.62	-0.17
Omega ratio Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio Return relative to maximum drawdown	1.53	1.93	-0.41
Martin ratio Return relative to average drawdown	5.98	7.05	-1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SP100 vs. ^NDX - Sharpe Ratio Comparison

The current ^SP100 Sharpe Ratio is 0.93, which is comparable to the ^NDX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of ^SP100 and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SP100	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.04	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.56	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.81	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.55	-0.02

Correlation

The correlation between ^SP100 and ^NDX is 0.83, 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.

Drawdowns

^SP100 vs. ^NDX - Drawdown Comparison

The maximum ^SP100 drawdown since its inception was -61.31%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^SP100 and ^NDX.

Drawdown Indicators

	^SP100	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-61.31%	-82.90%	+21.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.08%	-12.72%	+0.64%
Max Drawdown (5Y) Largest decline over 5 years	-27.23%	-35.56%	+8.33%
Max Drawdown (10Y) Largest decline over 10 years	-31.53%	-35.56%	+4.03%
Current Drawdown Current decline from peak	-7.80%	-8.04%	+0.24%
Average Drawdown Average peak-to-trough decline	-12.71%	-24.72%	+12.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	3.49%	-0.40%

Volatility

^SP100 vs. ^NDX - Volatility Comparison

The current volatility for S&P 100 Index (^SP100) is 5.63%, while NASDAQ 100 Index (^NDX) has a volatility of 6.65%. This indicates that ^SP100 experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SP100	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	6.65%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	12.93%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	19.34%	22.77%	-3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	22.61%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.44%	22.48%	-4.04%