ICE vs. NDAQ
ICE (Intercontinental Exchange, Inc.) and NDAQ (Nasdaq, Inc.) are both stocks. Both operate in the Financial Data & Stock Exchanges industry within the Financial Services sector. Over the past 10 years, ICE returned 11.71%/yr vs 16.51%/yr for NDAQ. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ICE vs. NDAQ - Performance Comparison
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Returns By Period
In the year-to-date period, ICE achieves a -18.34% return, which is significantly lower than NDAQ's -14.37% return. Over the past 10 years, ICE has underperformed NDAQ with an annualized return of 11.71%, while NDAQ has yielded a comparatively higher 16.51% annualized return.
ICE
- 1D
- -1.90%
- 1M
- -13.82%
- YTD
- -18.34%
- 6M
- -18.08%
- 1Y
- -25.45%
- 3Y*
- 7.08%
- 5Y*
- 3.75%
- 10Y*
- 11.71%
NDAQ
- 1D
- 0.45%
- 1M
- -8.90%
- YTD
- -14.37%
- 6M
- -14.66%
- 1Y
- -2.84%
- 3Y*
- 20.15%
- 5Y*
- 8.31%
- 10Y*
- 16.51%
ICE vs. NDAQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICE Intercontinental Exchange, Inc. | -18.34% | 9.92% | 17.46% | 27.12% | -23.91% | 19.94% | 26.15% | 24.47% | 8.11% | 26.60% |
NDAQ Nasdaq, Inc. | -14.37% | 27.19% | 34.85% | -3.66% | -11.19% | 60.13% | 25.99% | 33.88% | 8.21% | 16.76% |
Correlation
The correlation between ICE and NDAQ is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2005 | 0.57 |
The correlation between ICE and NDAQ shifts across timeframes, from 0.53 (3 years) to 0.64 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ICE:
$74.86B
NDAQ:
$47.23B
ICE:
$6.85
NDAQ:
$3.32
ICE:
19.18
NDAQ:
24.90
ICE:
2.31
NDAQ:
2.39
ICE:
5.75
NDAQ:
5.76
ICE:
2.53
NDAQ:
3.92
ICE:
$13.08B
NDAQ:
$8.27B
ICE:
$8.93B
NDAQ:
$4.53B
ICE:
$7.05B
NDAQ:
$3.11B
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Return for Risk
ICE vs. NDAQ — Risk / Return Rank
ICE
NDAQ
ICE vs. NDAQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intercontinental Exchange, Inc. (ICE) and Nasdaq, Inc. (NDAQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICE | NDAQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.00 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.13 | -0.74 |
| Martin ratioReturn relative to average drawdown | -1.79 | -0.29 | -1.50 |
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Drawdowns
ICE vs. NDAQ - Drawdown Comparison
The maximum ICE drawdown since its inception was -73.94%, which is greater than NDAQ's maximum drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for ICE and NDAQ.
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Drawdown Indicators
| ICE | NDAQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.94% | -68.48% | -5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -29.41% | -21.76% | -7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -29.41% | -21.76% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -32.84% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -34.32% | -38.31% | +3.99% |
Current DrawdownCurrent decline from peak | -29.41% | -17.64% | -11.77% |
Average DrawdownAverage peak-to-trough decline | -16.47% | -23.80% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.25% | 9.73% | +4.52% |
Volatility
ICE vs. NDAQ - Volatility Comparison
The current volatility for Intercontinental Exchange, Inc. (ICE) is 7.56%, while Nasdaq, Inc. (NDAQ) has a volatility of 10.58%. This indicates that ICE experiences smaller price fluctuations and is considered to be less risky than NDAQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICE | NDAQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 10.58% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.11% | 22.04% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 25.75% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 24.17% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 24.38% | -2.11% |
Dividends
ICE vs. NDAQ - Dividend Comparison
ICE's dividend yield for the trailing twelve months is around 1.52%, more than NDAQ's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICE Intercontinental Exchange, Inc. | 1.52% | 1.19% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% |
NDAQ Nasdaq, Inc. | 1.36% | 1.08% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% |
Financials
ICE vs. NDAQ - Financials Comparison
This section allows you to compare key financial metrics between Intercontinental Exchange, Inc. and Nasdaq, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ICE vs. NDAQ - Profitability Comparison
ICE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a gross profit of 2.89B and revenue of 3.67B. Therefore, the gross margin over that period was 78.8%.
NDAQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nasdaq, Inc. reported a gross profit of 1.41B and revenue of 2.14B. Therefore, the gross margin over that period was 65.8%.
ICE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported an operating income of 1.67B and revenue of 3.67B, resulting in an operating margin of 45.4%.
NDAQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nasdaq, Inc. reported an operating income of 657.00M and revenue of 2.14B, resulting in an operating margin of 30.7%.
ICE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a net income of 1.41B and revenue of 3.67B, resulting in a net margin of 38.5%.
NDAQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nasdaq, Inc. reported a net income of 519.00M and revenue of 2.14B, resulting in a net margin of 24.3%.
Frequently Asked Questions
ICE and NDAQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDAQ has higher volatility (10.58%) compared to ICE (7.56%). In terms of maximum drawdown, ICE dropped -73.94% vs NDAQ's -68.48%.
NDAQ currently has the higher Sharpe Ratio (-0.11 vs -1.14), 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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