NDAAX vs. RKLB
Compare and contrast key facts about Nationwide Investor Destinations Aggressive Fund (NDAAX) and Rocket Lab USA, Inc. (RKLB).
NDAAX is managed by Nationwide. It was launched on Mar 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDAAX or RKLB.
Correlation
The correlation between NDAAX and RKLB is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NDAAX vs. RKLB - Performance Comparison
Key characteristics
NDAAX:
0.00
RKLB:
6.15
NDAAX:
0.11
RKLB:
5.31
NDAAX:
1.02
RKLB:
1.63
NDAAX:
0.00
RKLB:
6.02
NDAAX:
0.01
RKLB:
43.33
NDAAX:
6.24%
RKLB:
11.53%
NDAAX:
17.87%
RKLB:
81.12%
NDAAX:
-59.65%
RKLB:
-82.96%
NDAAX:
-14.08%
RKLB:
-10.36%
Returns By Period
In the year-to-date period, NDAAX achieves a 4.32% return, which is significantly lower than RKLB's 11.11% return.
NDAAX
4.32%
4.44%
-6.94%
0.46%
3.44%
0.92%
RKLB
11.11%
17.14%
385.42%
489.58%
N/A
N/A
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Risk-Adjusted Performance
NDAAX vs. RKLB — Risk-Adjusted Performance Rank
NDAAX
RKLB
NDAAX vs. RKLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Aggressive Fund (NDAAX) and Rocket Lab USA, Inc. (RKLB). 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.
Dividends
NDAAX vs. RKLB - Dividend Comparison
NDAAX's dividend yield for the trailing twelve months is around 2.41%, while RKLB has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAAX Nationwide Investor Destinations Aggressive Fund | 2.41% | 2.52% | 1.65% | 0.97% | 3.85% | 5.75% | 4.44% | 2.73% | 2.56% | 1.98% | 1.70% | 7.75% |
RKLB Rocket Lab USA, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NDAAX vs. RKLB - Drawdown Comparison
The maximum NDAAX drawdown since its inception was -59.65%, smaller than the maximum RKLB drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for NDAAX and RKLB. For additional features, visit the drawdowns tool.
Volatility
NDAAX vs. RKLB - Volatility Comparison
The current volatility for Nationwide Investor Destinations Aggressive Fund (NDAAX) is 3.27%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 32.76%. This indicates that NDAAX experiences smaller price fluctuations and is considered to be less risky than RKLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.