ITH.L vs. ^NDX

Last updated Jul 21, 2026

ITH.L (Ithaca Energy plc) is a stock, while ^NDX (NASDAQ 100 Index) is an index. Over the past 3 years, ITH.L returned 15.41%/yr vs 21.06%/yr for ^NDX. At a 0.04 correlation, their price movements are largely independent.

Performance

ITH.L vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ithaca Energy plc (ITH.L) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ITH.L is traded in GBp, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ITH.L achieves a 45.89% return, which is significantly higher than ^NDX's 13.62% return.

ITH.L

• 1D: 2.28%
• 1M: 4.95%
• 6M: 44.15%
• YTD: 45.89%
• 1Y: 45.99%
• 3Y*: 15.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.21%

^NDX

• 1D: 0.19%
• 1M: -7.49%
• 6M: 11.57%
• YTD: 13.62%
• 1Y: 23.90%
• 3Y*: 21.06%
• 5Y*: 14.49%
• 10Y*: 19.59%
• ALL TIME*: 17.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITH.L vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ITH.L Ithaca Energy plc	45.89%	50.37%	-23.28%	-21.05%	-25.33%
^NDX NASDAQ 100 Index	13.62%	11.61%	27.06%	46.12%	-5.60%

Correlation

The correlation between ITH.L and ^NDX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	0.04

The correlation between ITH.L and ^NDX shifts across timeframes, from -0.08 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ITH.L vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITH.L

ITH.L Risk / Return Rank: 71
ITH.L Sharpe Ratio Rank: 74
ITH.L Sortino Ratio Rank: 68
ITH.L Omega Ratio Rank: 70
ITH.L Calmar Ratio Rank: 72
ITH.L Martin Ratio Rank: 69

^NDX

^NDX Risk / Return Rank: 51
^NDX Sharpe Ratio Rank: 46
^NDX Sortino Ratio Rank: 44
^NDX Omega Ratio Rank: 47
^NDX Calmar Ratio Rank: 60
^NDX Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITH.L vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ithaca Energy plc (ITH.L) and NASDAQ 100 Index (^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.

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.

	ITH.L	^NDX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.34	-0.41
Sortino ratio: Return per unit of downside risk	1.41	1.83	-0.43
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.30	1.99	-0.69
Martin ratio: Return relative to average drawdown	2.53	5.66	-3.13

ITH.L vs. ^NDX - Sharpe Ratio Comparison

The current ITH.L Sharpe Ratio is 0.93, which is lower than the ^NDX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of ITH.L and ^NDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ITH.L vs. ^NDX - Drawdown Comparison

The maximum ITH.L drawdown since its inception was -60.62%, which is greater than ^NDX's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for ITH.L and ^NDX.

Drawdown Indicators

	ITH.L	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-60.62%	-34.63%	-25.99%
Max Drawdown (1Y) Largest decline over 1 year	-35.22%	-12.05%	-23.17%
Max Drawdown (3Y) Largest decline over 3 years	-47.71%	-24.98%	-22.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.43%	—
Current Drawdown Current decline from peak	-15.34%	-7.49%	-7.85%
Average Drawdown Average peak-to-trough decline	-35.19%	-5.63%	-29.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.10%	4.23%	+13.87%

Volatility

ITH.L vs. ^NDX - Volatility Comparison

Ithaca Energy plc (ITH.L) has a higher volatility of 11.65% compared to NASDAQ 100 Index (^NDX) at 6.94%. This indicates that ITH.L'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.

Volatility by Period

	ITH.L	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.65%	6.94%	+4.71%
Volatility (6M) Calculated over the trailing 6-month period	36.37%	14.13%	+22.24%
Volatility (1Y) Calculated over the trailing 1-year period	49.10%	17.94%	+31.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.14%	21.71%	+22.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.14%	22.54%	+21.60%

Frequently Asked Questions

Can I hold both ITH.L and ^NDX in my portfolio?

ITH.L and ^NDX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.