ASPN vs. ^NDX
Compare and contrast key facts about Aspen Aerogels, Inc. (ASPN) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASPN or ^NDX.
Correlation
The correlation between ASPN and ^NDX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ASPN vs. ^NDX - Performance Comparison
Key characteristics
ASPN:
-0.05
^NDX:
1.47
ASPN:
0.69
^NDX:
1.99
ASPN:
1.08
^NDX:
1.26
ASPN:
-0.06
^NDX:
1.99
ASPN:
-0.16
^NDX:
6.87
ASPN:
30.45%
^NDX:
3.93%
ASPN:
93.24%
^NDX:
18.35%
ASPN:
-91.34%
^NDX:
-82.90%
ASPN:
-81.70%
^NDX:
-2.40%
Returns By Period
In the year-to-date period, ASPN achieves a -1.94% return, which is significantly lower than ^NDX's 2.64% return. Over the past 10 years, ASPN has underperformed ^NDX with an annualized return of 4.25%, while ^NDX has yielded a comparatively higher 17.61% annualized return.
ASPN
-1.94%
-3.32%
-52.08%
-4.59%
2.56%
4.25%
^NDX
2.64%
1.30%
9.17%
24.44%
18.61%
17.61%
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Risk-Adjusted Performance
ASPN vs. ^NDX — Risk-Adjusted Performance Rank
ASPN
^NDX
ASPN vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspen Aerogels, Inc. (ASPN) 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
ASPN vs. ^NDX - Drawdown Comparison
The maximum ASPN drawdown since its inception was -91.34%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ASPN and ^NDX. For additional features, visit the drawdowns tool.
Volatility
ASPN vs. ^NDX - Volatility Comparison
Aspen Aerogels, Inc. (ASPN) has a higher volatility of 17.38% compared to NASDAQ 100 (^NDX) at 6.48%. This indicates that ASPN'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.