IPDP vs. ^NDX
Compare and contrast key facts about Dividend Performers ETF (IPDP) and NASDAQ 100 (^NDX).
IPDP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPDP or ^NDX.
Correlation
The correlation between IPDP and ^NDX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IPDP vs. ^NDX - Performance Comparison
Key characteristics
IPDP:
1.30
^NDX:
1.34
IPDP:
1.83
^NDX:
1.84
IPDP:
1.24
^NDX:
1.24
IPDP:
2.14
^NDX:
1.82
IPDP:
6.08
^NDX:
6.25
IPDP:
3.13%
^NDX:
3.96%
IPDP:
14.68%
^NDX:
18.46%
IPDP:
-31.85%
^NDX:
-82.90%
IPDP:
-3.06%
^NDX:
-0.48%
Returns By Period
The year-to-date returns for both stocks are quite close, with IPDP having a 5.17% return and ^NDX slightly lower at 5.03%.
IPDP
5.17%
0.27%
8.27%
18.98%
N/A
N/A
^NDX
5.03%
2.33%
13.22%
26.26%
18.56%
17.41%
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Risk-Adjusted Performance
IPDP vs. ^NDX — Risk-Adjusted Performance Rank
IPDP
^NDX
IPDP vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dividend Performers ETF (IPDP) 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
IPDP vs. ^NDX - Drawdown Comparison
The maximum IPDP drawdown since its inception was -31.85%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for IPDP and ^NDX. For additional features, visit the drawdowns tool.
Volatility
IPDP vs. ^NDX - Volatility Comparison
The current volatility for Dividend Performers ETF (IPDP) is 2.56%, while NASDAQ 100 (^NDX) has a volatility of 4.83%. This indicates that IPDP 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.