ABEA.DE vs. ^NDX
Compare and contrast key facts about Alphabet Inc Class A (ABEA.DE) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABEA.DE or ^NDX.
Correlation
The correlation between ABEA.DE and ^NDX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABEA.DE vs. ^NDX - Performance Comparison
Key characteristics
ABEA.DE:
1.55
^NDX:
1.37
ABEA.DE:
2.18
^NDX:
1.87
ABEA.DE:
1.30
^NDX:
1.25
ABEA.DE:
1.90
^NDX:
1.83
ABEA.DE:
4.72
^NDX:
6.53
ABEA.DE:
9.35%
^NDX:
3.81%
ABEA.DE:
28.39%
^NDX:
18.23%
ABEA.DE:
-60.31%
^NDX:
-82.90%
ABEA.DE:
-3.06%
^NDX:
-4.91%
Returns By Period
Over the past 10 years, ABEA.DE has outperformed ^NDX with an annualized return of 23.43%, while ^NDX has yielded a comparatively lower 17.42% annualized return.
ABEA.DE
0.00%
14.05%
6.79%
44.40%
24.49%
23.43%
^NDX
0.00%
0.39%
5.00%
24.88%
18.87%
17.42%
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Risk-Adjusted Performance
ABEA.DE vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc Class A (ABEA.DE) and NASDAQ 100 (^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.
Drawdowns
ABEA.DE vs. ^NDX - Drawdown Comparison
The maximum ABEA.DE drawdown since its inception was -60.31%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ABEA.DE and ^NDX. For additional features, visit the drawdowns tool.
Volatility
ABEA.DE vs. ^NDX - Volatility Comparison
Alphabet Inc Class A (ABEA.DE) has a higher volatility of 7.86% compared to NASDAQ 100 (^NDX) at 5.87%. This indicates that ABEA.DE's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.