KBGGY vs. ^NDX
KBGGY (Kongsberg Gruppen ASA) is a stock, while ^NDX (NASDAQ 100 Index) is an index. Over the past 3 years, KBGGY returned 69.24%/yr vs 28.09%/yr for ^NDX. At a 0.14 correlation, their price movements are largely independent.
Performance
KBGGY vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, KBGGY achieves a 53.96% return, which is significantly higher than ^NDX's 21.07% return.
KBGGY
- 1D
- -3.49%
- 1M
- 1.13%
- YTD
- 53.96%
- 6M
- 63.46%
- 1Y
- -22.03%
- 3Y*
- 69.24%
- 5Y*
- —
- 10Y*
- —
^NDX
- 1D
- -0.29%
- 1M
- 10.56%
- YTD
- 21.07%
- 6M
- 19.39%
- 1Y
- 41.12%
- 3Y*
- 28.09%
- 5Y*
- 17.29%
- 10Y*
- 21.09%
KBGGY vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KBGGY Kongsberg Gruppen ASA | 53.96% | 19.00% | 164.60% | -2.54% |
^NDX NASDAQ 100 Index | 21.07% | 20.17% | 24.88% | 21.90% |
Correlation
The correlation between KBGGY and ^NDX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 22, 2023 | 0.14 |
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Return for Risk
KBGGY vs. ^NDX — Risk / Return Rank
KBGGY
^NDX
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.
| KBGGY | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.41 | -3.73 |
| Martin ratioReturn relative to average drawdown | -0.41 | 13.03 | -13.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KBGGY | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 2.57 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.57 | +0.52 |
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.
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Drawdown Indicators
| KBGGY | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -82.90% | +14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -68.35% | -12.12% | -56.23% |
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 DrawdownCurrent decline from peak | -44.82% | -0.29% | -44.53% |
Average DrawdownAverage peak-to-trough decline | -20.04% | -24.62% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.40% | 3.17% | +50.23% |
Volatility
KBGGY vs. ^NDX - Volatility Comparison
Kongsberg Gruppen ASA (KBGGY) has a higher volatility of 15.78% compared to NASDAQ 100 Index (^NDX) at 4.52%. 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.
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Volatility by Period
| KBGGY | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.78% | 4.52% | +11.26% |
Volatility (6M)Calculated over the trailing 6-month period | 38.10% | 12.18% | +25.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.51% | 16.08% | +61.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.73% | 22.60% | +39.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.73% | 22.53% | +39.20% |
Frequently Asked Questions
KBGGY and ^NDX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBGGY has higher volatility (15.78%) compared to ^NDX (4.52%). In terms of maximum drawdown, KBGGY dropped -68.35% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.57 vs -0.33), 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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