^XCMP vs. ADP
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and Automatic Data Processing, Inc. (ADP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or ADP.
Correlation
The correlation between ^XCMP and ADP is 0.70, 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
^XCMP vs. ADP - Performance Comparison
Key characteristics
^XCMP:
0.27
ADP:
1.08
^XCMP:
0.55
ADP:
1.55
^XCMP:
1.08
ADP:
1.21
^XCMP:
0.28
ADP:
1.64
^XCMP:
0.96
ADP:
5.81
^XCMP:
7.04%
ADP:
3.57%
^XCMP:
25.09%
ADP:
19.22%
^XCMP:
-35.83%
ADP:
-59.47%
^XCMP:
-13.65%
ADP:
-7.95%
Returns By Period
In the year-to-date period, ^XCMP achieves a -9.81% return, which is significantly lower than ADP's 0.20% return. Over the past 10 years, ^XCMP has underperformed ADP with an annualized return of 14.45%, while ADP has yielded a comparatively higher 15.72% annualized return.
^XCMP
-9.81%
0.37%
-5.81%
9.91%
15.86%
14.45%
ADP
0.20%
-3.01%
2.39%
22.61%
17.85%
15.72%
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Risk-Adjusted Performance
^XCMP vs. ADP — Risk-Adjusted Performance Rank
^XCMP
ADP
^XCMP vs. ADP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and Automatic Data Processing, Inc. (ADP). 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
^XCMP vs. ADP - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum ADP drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for ^XCMP and ADP. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. ADP - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 17.19% compared to Automatic Data Processing, Inc. (ADP) at 11.26%. This indicates that ^XCMP's price experiences larger fluctuations and is considered to be riskier than ADP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.