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.
Correlation
The correlation between MID and ^NDX is 0.83, 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
Key characteristics
MID:
1.08
^NDX:
1.34
MID:
1.56
^NDX:
1.84
MID:
1.19
^NDX:
1.24
MID:
1.18
^NDX:
1.82
MID:
6.10
^NDX:
6.25
MID:
2.95%
^NDX:
3.96%
MID:
16.63%
^NDX:
18.46%
MID:
-40.15%
^NDX:
-82.90%
MID:
-2.91%
^NDX:
-0.48%
Returns By Period
The year-to-date returns for both stocks are quite close, with MID having a 5.20% return and ^NDX slightly lower at 5.03%.
MID
5.20%
-1.85%
9.34%
19.98%
N/A
N/A
^NDX
5.03%
2.33%
13.22%
26.26%
18.56%
17.41%
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Risk-Adjusted Performance
MID vs. ^NDX — Risk-Adjusted Performance Rank
MID
^NDX
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
American Century Mid Cap Growth Impact ETF (MID) and NASDAQ 100 (^NDX) have volatilities of 5.00% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.