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MID vs. ^NDX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between MID and ^NDX is 0.82, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Growth Impact ETF (MID) and NASDAQ 100 (^NDX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MID:

0.24

^NDX:

0.43

Sortino Ratio

MID:

0.43

^NDX:

0.77

Omega Ratio

MID:

1.06

^NDX:

1.11

Calmar Ratio

MID:

0.19

^NDX:

0.47

Martin Ratio

MID:

0.67

^NDX:

1.55

Ulcer Index

MID:

6.74%

^NDX:

7.02%

Daily Std Dev

MID:

24.00%

^NDX:

25.24%

Max Drawdown

MID:

-40.15%

^NDX:

-82.90%

Current Drawdown

MID:

-8.24%

^NDX:

-9.53%

Returns By Period

In the year-to-date period, MID achieves a -0.58% return, which is significantly higher than ^NDX's -4.52% return.


MID

YTD

-0.58%

1M

13.66%

6M

-4.35%

1Y

6.15%

5Y*

N/A

10Y*

N/A

^NDX

YTD

-4.52%

1M

9.37%

6M

-5.00%

1Y

10.46%

5Y*

16.68%

10Y*

16.36%

*Annualized

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Risk-Adjusted Performance

MID vs. ^NDX — Risk-Adjusted Performance Rank

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

MID
The Risk-Adjusted Performance Rank of MID is 3434
Overall Rank
The Sharpe Ratio Rank of MID is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of MID is 3434
Sortino Ratio Rank
The Omega Ratio Rank of MID is 3333
Omega Ratio Rank
The Calmar Ratio Rank of MID is 3535
Calmar Ratio Rank
The Martin Ratio Rank of MID is 3434
Martin Ratio Rank

^NDX
The Risk-Adjusted Performance Rank of ^NDX is 6161
Overall Rank
The Sharpe Ratio Rank of ^NDX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of ^NDX is 6363
Sortino Ratio Rank
The Omega Ratio Rank of ^NDX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of ^NDX is 6666
Calmar Ratio Rank
The Martin Ratio Rank of ^NDX is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current MID Sharpe Ratio is 0.24, which is lower than the ^NDX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of MID and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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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.


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Volatility

MID vs. ^NDX - Volatility Comparison

American Century Mid Cap Growth Impact ETF (MID) and NASDAQ 100 (^NDX) have volatilities of 8.05% and 8.19%, 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.


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