CETF vs. ^NDX
Compare and contrast key facts about DriveWealth NYSE 100 Index ETF (CETF) and NASDAQ 100 (^NDX).
CETF is a passively managed fund by DriveWealth that tracks the performance of the NYSE DriveWealth 100 Index - Benchmark TR Gross. It was launched on Apr 25, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CETF or ^NDX.
Key characteristics
| CETF | ^NDX |
|---|
Correlation
The correlation between CETF and ^NDX is 0.11, 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
CETF vs. ^NDX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CETF vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DriveWealth NYSE 100 Index ETF (CETF) 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
CETF vs. ^NDX - Drawdown Comparison
Volatility
CETF vs. ^NDX - Volatility Comparison
The current volatility for DriveWealth NYSE 100 Index ETF (CETF) is 0.00%, while NASDAQ 100 (^NDX) has a volatility of 6.21%. This indicates that CETF 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.