Correlation
The correlation between INR=X and ^NDX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
INR=X vs. ^NDX
Compare and contrast key facts about USD/INR (INR=X) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INR=X or ^NDX.
Performance
INR=X vs. ^NDX - Performance Comparison
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Key characteristics
INR=X:
0.75
^NDX:
0.55
INR=X:
1.04
^NDX:
0.92
INR=X:
1.16
^NDX:
1.13
INR=X:
0.60
^NDX:
0.59
INR=X:
1.90
^NDX:
1.92
INR=X:
1.22%
^NDX:
7.08%
INR=X:
3.20%
^NDX:
25.70%
INR=X:
-20.29%
^NDX:
-82.90%
INR=X:
-2.61%
^NDX:
-3.66%
Returns By Period
In the year-to-date period, INR=X achieves a -0.25% return, which is significantly lower than ^NDX's 1.67% return. Over the past 10 years, INR=X has underperformed ^NDX with an annualized return of 2.97%, while ^NDX has yielded a comparatively higher 16.80% annualized return.
INR=X
-0.25%
0.25%
1.06%
2.41%
3.23%
2.46%
2.97%
^NDX
1.67%
9.31%
2.99%
14.02%
18.99%
17.46%
16.80%
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Risk-Adjusted Performance
INR=X vs. ^NDX — Risk-Adjusted Performance Rank
INR=X
^NDX
INR=X vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/INR (INR=X) 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
INR=X vs. ^NDX - Drawdown Comparison
The maximum INR=X drawdown since its inception was -20.29%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for INR=X and ^NDX.
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Volatility
INR=X vs. ^NDX - Volatility Comparison
The current volatility for USD/INR (INR=X) is 1.80%, while NASDAQ 100 (^NDX) has a volatility of 5.57%. This indicates that INR=X 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.
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