ASAZY vs. ^NDX
ASAZY (Assa Abloy AB) is a stock, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, ASAZY returned 7.13%/yr vs 21.09%/yr for ^NDX. At a 0.47 correlation, their price movements are largely independent.
Performance
ASAZY vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, ASAZY achieves a -9.34% return, which is significantly lower than ^NDX's 21.07% return. Over the past 10 years, ASAZY has underperformed ^NDX with an annualized return of 7.13%, while ^NDX has yielded a comparatively higher 21.09% annualized return.
ASAZY
- 1D
- -1.64%
- 1M
- -7.71%
- YTD
- -9.34%
- 6M
- -7.72%
- 1Y
- 13.67%
- 3Y*
- 16.93%
- 5Y*
- 4.16%
- 10Y*
- 7.13%
^NDX
- 1D
- -0.29%
- 1M
- 10.56%
- YTD
- 21.07%
- 6M
- 19.39%
- 1Y
- 41.12%
- 3Y*
- 28.09%
- 5Y*
- 17.29%
- 10Y*
- 21.09%
ASAZY vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASAZY Assa Abloy AB | -9.34% | 34.17% | 3.72% | 37.04% | -28.70% | 26.08% | 7.70% | 33.67% | -12.37% | 13.31% |
^NDX NASDAQ 100 Index | 21.07% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between ASAZY and ^NDX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011 | 0.47 |
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Return for Risk
ASAZY vs. ^NDX — Risk / Return Rank
ASAZY
^NDX
ASAZY vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Assa Abloy AB (ASAZY) 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.
| ASAZY | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.44 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 3.41 | -2.80 |
| Martin ratioReturn relative to average drawdown | 1.72 | 13.03 | -11.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASAZY | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 2.57 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.77 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.94 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.57 | -0.48 |
Drawdowns
ASAZY vs. ^NDX - Drawdown Comparison
The maximum ASAZY drawdown since its inception was -73.52%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ASAZY and ^NDX.
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Drawdown Indicators
| ASAZY | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.52% | -82.90% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -12.12% | -10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -22.93% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -45.63% | -35.56% | -10.07% |
Max Drawdown (10Y)Largest decline over 10 years | -45.63% | -35.56% | -10.07% |
Current DrawdownCurrent decline from peak | -32.52% | -0.29% | -32.23% |
Average DrawdownAverage peak-to-trough decline | -42.24% | -24.62% | -17.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 3.17% | +4.78% |
Volatility
ASAZY vs. ^NDX - Volatility Comparison
Assa Abloy AB (ASAZY) has a higher volatility of 7.98% compared to NASDAQ 100 Index (^NDX) at 4.52%. This indicates that ASAZY'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.
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Volatility by Period
| ASAZY | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 4.52% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.05% | 12.18% | +6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.57% | 16.08% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.56% | 22.60% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 22.53% | +5.03% |
Frequently Asked Questions
ASAZY and ^NDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASAZY has higher volatility (7.98%) compared to ^NDX (4.52%). In terms of maximum drawdown, ASAZY dropped -73.52% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.57 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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