Correlation
The correlation between ES=F and ^N225 is 0.05, 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.
ES=F vs. ^N225
Compare and contrast key facts about S&P 500 E-Mini Futures (ES=F) and Nikkei 225 (^N225).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ES=F or ^N225.
Performance
ES=F vs. ^N225 - Performance Comparison
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Key characteristics
ES=F:
0.58
^N225:
-0.08
ES=F:
0.98
^N225:
0.09
ES=F:
1.14
^N225:
1.01
ES=F:
0.64
^N225:
-0.09
ES=F:
2.39
^N225:
-0.23
ES=F:
4.99%
^N225:
10.13%
ES=F:
19.44%
^N225:
29.91%
ES=F:
-57.11%
^N225:
-81.87%
ES=F:
-3.66%
^N225:
-10.01%
Returns By Period
In the year-to-date period, ES=F achieves a 0.03% return, which is significantly higher than ^N225's -4.75% return. Over the past 10 years, ES=F has outperformed ^N225 with an annualized return of 10.92%, while ^N225 has yielded a comparatively lower 6.33% annualized return.
ES=F
0.03%
6.99%
-1.67%
11.58%
12.63%
14.34%
10.92%
^N225
-4.75%
6.42%
-1.15%
-2.32%
12.37%
11.67%
6.33%
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Risk-Adjusted Performance
ES=F vs. ^N225 — Risk-Adjusted Performance Rank
ES=F
^N225
ES=F vs. ^N225 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 E-Mini Futures (ES=F) and Nikkei 225 (^N225). 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.
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Drawdowns
ES=F vs. ^N225 - Drawdown Comparison
The maximum ES=F drawdown since its inception was -57.11%, smaller than the maximum ^N225 drawdown of -81.87%. Use the drawdown chart below to compare losses from any high point for ES=F and ^N225.
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Volatility
ES=F vs. ^N225 - Volatility Comparison
S&P 500 E-Mini Futures (ES=F) has a higher volatility of 4.06% compared to Nikkei 225 (^N225) at 3.62%. This indicates that ES=F's price experiences larger fluctuations and is considered to be riskier than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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