Correlation
The correlation between FSUGY and ^NDX is 0.38, 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.
FSUGY vs. ^NDX
Compare and contrast key facts about Fortescue Metals Group Ltd ADR (FSUGY) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSUGY or ^NDX.
Performance
FSUGY vs. ^NDX - Performance Comparison
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Key characteristics
FSUGY:
-0.99
^NDX:
0.59
FSUGY:
-1.55
^NDX:
0.89
FSUGY:
0.82
^NDX:
1.12
FSUGY:
-0.75
^NDX:
0.57
FSUGY:
-1.46
^NDX:
1.85
FSUGY:
27.25%
^NDX:
7.08%
FSUGY:
37.37%
^NDX:
25.69%
FSUGY:
-82.54%
^NDX:
-82.90%
FSUGY:
-44.66%
^NDX:
-3.76%
Returns By Period
In the year-to-date period, FSUGY achieves a -11.85% return, which is significantly lower than ^NDX's 1.56% return. Over the past 10 years, FSUGY has outperformed ^NDX with an annualized return of 29.65%, while ^NDX has yielded a comparatively lower 16.82% annualized return.
FSUGY
-11.85%
-3.78%
-19.49%
-36.61%
-3.98%
13.07%
29.65%
^NDX
1.56%
7.86%
1.96%
15.13%
19.07%
17.43%
16.82%
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Risk-Adjusted Performance
FSUGY vs. ^NDX — Risk-Adjusted Performance Rank
FSUGY
^NDX
FSUGY vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortescue Metals Group Ltd ADR (FSUGY) 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.
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Drawdowns
FSUGY vs. ^NDX - Drawdown Comparison
The maximum FSUGY drawdown since its inception was -82.54%, roughly equal to the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for FSUGY and ^NDX.
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Volatility
FSUGY vs. ^NDX - Volatility Comparison
Fortescue Metals Group Ltd ADR (FSUGY) has a higher volatility of 7.49% compared to NASDAQ 100 (^NDX) at 5.59%. This indicates that FSUGY'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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