KBGGY vs. ^NDX

Last updated Jun 25, 2026

KBGGY (Kongsberg Gruppen ASA) is a stock, while ^NDX (NASDAQ 100 Index) is an index. Over the past 3 years, KBGGY returned 63.45%/yr vs 25.19%/yr for ^NDX. At a 0.14 correlation, their price movements are largely independent.

Performance

KBGGY vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kongsberg Gruppen ASA (KBGGY) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBGGY achieves a 38.69% return, which is significantly higher than ^NDX's 15.72% return.

KBGGY

• 1D: -4.04%
• 1M: -12.15%
• YTD: 38.69%
• 6M: 34.77%
• 1Y: -4.06%
• 3Y*: 63.45%
• 5Y*: —
• 10Y*: —

^NDX

• 1D: -0.43%
• 1M: -0.89%
• YTD: 15.72%
• 6M: 13.89%
• 1Y: 31.68%
• 3Y*: 25.19%
• 5Y*: 15.29%
• 10Y*: 21.16%

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

KBGGY vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KBGGY Kongsberg Gruppen ASA	38.69%	19.00%	164.60%	-2.54%
^NDX NASDAQ 100 Index	15.72%	20.17%	24.88%	21.62%

Correlation

The correlation between KBGGY and ^NDX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.14

Return for Risk

KBGGY vs. ^NDX — Risk / Return Rank

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

KBGGY

KBGGY Risk / Return Rank: 39
KBGGY Sharpe Ratio Rank: 40
KBGGY Sortino Ratio Rank: 39
KBGGY Omega Ratio Rank: 38
KBGGY Calmar Ratio Rank: 40
KBGGY Martin Ratio Rank: 40

^NDX

^NDX Risk / Return Rank: 70
^NDX Sharpe Ratio Rank: 69
^NDX Sortino Ratio Rank: 67
^NDX Omega Ratio Rank: 71
^NDX Calmar Ratio Rank: 72
^NDX Martin Ratio Rank: 70

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.

KBGGY vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kongsberg Gruppen ASA (KBGGY) 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.

	KBGGY	^NDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.77	-1.85
Sortino ratio: Return per unit of downside risk	0.26	2.36	-2.10
Omega ratio: Gain probability vs. loss probability	1.03	1.31	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.10	2.63	-2.73
Martin ratio: Return relative to average drawdown	-0.20	9.66	-9.85

KBGGY vs. ^NDX - Sharpe Ratio Comparison

The current KBGGY Sharpe Ratio is -0.08, which is lower than the ^NDX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of KBGGY 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

KBGGY vs. ^NDX - Drawdown Comparison

The maximum KBGGY drawdown since its inception was -68.35%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for KBGGY and ^NDX.

Drawdown Indicators

	KBGGY	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-68.35%	-82.90%	+14.55%
Max Drawdown (1Y) Largest decline over 1 year	-40.44%	-12.12%	-28.32%
Max Drawdown (3Y) Largest decline over 3 years	-68.35%	-22.93%	-45.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.56%	—
Current Drawdown Current decline from peak	-50.30%	-4.70%	-45.60%
Average Drawdown Average peak-to-trough decline	-20.50%	-24.60%	+4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.81%	3.29%	+17.52%

Volatility

KBGGY vs. ^NDX - Volatility Comparison

Kongsberg Gruppen ASA (KBGGY) has a higher volatility of 11.40% compared to NASDAQ 100 Index (^NDX) at 9.08%. This indicates that KBGGY'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

	KBGGY	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.40%	9.08%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	37.44%	14.52%	+22.92%
Volatility (1Y) Calculated over the trailing 1-year period	52.82%	18.02%	+34.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.30%	22.89%	+38.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.30%	22.64%	+38.66%

Frequently Asked Questions

Can I hold both KBGGY and ^NDX in my portfolio?

KBGGY and ^NDX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBGGY or ^NDX?

KBGGY has higher volatility (11.40%) compared to ^NDX (9.08%). In terms of maximum drawdown, KBGGY dropped -68.35% vs ^NDX's -82.90%.

Which has better risk-adjusted returns?

^NDX currently has the higher Sharpe Ratio (1.77 vs -0.08), 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.