MID vs. ^NDX
Compare and contrast key facts about American Century Mid Cap Growth Impact ETF (MID) and NASDAQ 100 (^NDX).
MID is an actively managed fund by American Century. It was launched on Jul 15, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MID or ^NDX.
Key characteristics
| MID | ^NDX | |
|---|---|---|
| YTD Return | 22.90% | 25.23% |
| 1Y Return | 40.53% | 36.09% |
| 3Y Return (Ann) | 0.17% | 9.20% |
| Sharpe Ratio | 2.46 | 2.04 |
| Sortino Ratio | 3.37 | 2.70 |
| Omega Ratio | 1.41 | 1.37 |
| Calmar Ratio | 1.41 | 2.63 |
| Martin Ratio | 16.35 | 9.50 |
| Ulcer Index | 2.51% | 3.76% |
| Daily Std Dev | 16.74% | 17.54% |
| Max Drawdown | -40.15% | -82.90% |
| Current Drawdown | -0.96% | -0.22% |
Correlation
The correlation between MID and ^NDX is 0.84, 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
MID vs. ^NDX - Performance Comparison
In the year-to-date period, MID achieves a 22.90% return, which is significantly lower than ^NDX's 25.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MID vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) 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
MID vs. ^NDX - Drawdown Comparison
The maximum MID drawdown since its inception was -40.15%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for MID and ^NDX. For additional features, visit the drawdowns tool.
Volatility
MID vs. ^NDX - Volatility Comparison
The current volatility for American Century Mid Cap Growth Impact ETF (MID) is 4.44%, while NASDAQ 100 (^NDX) has a volatility of 5.15%. This indicates that MID 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.