NQ=F vs. ES=F
NQ=F (E-Mini Nasdaq 100 Futures) and ES=F (E-mini S&P 500 Futures) are both assets. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
NQ=F vs. ES=F - Performance Comparison
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Returns By Period
NQ=F
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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ES=F
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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NQ=F vs. ES=F - Yearly Performance Comparison
| 2023 (YTD) | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
NQ=F E-Mini Nasdaq 100 Futures | 24.43% | -32.46% | 26.66% | 47.22% | 38.20% | -1.18% | 31.76% | 6.02% | 8.39% | 18.11% |
ES=F E-mini S&P 500 Futures | 7.45% | -18.86% | 26.94% | 16.02% | 28.97% | -6.38% | 19.66% | 9.86% | -0.83% | 11.49% |
Correlation
The correlation between NQ=F and ES=F is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2003 | 0.88 |
The correlation between NQ=F and ES=F has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
NQ=F vs. ES=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) and E-mini S&P 500 Futures (ES=F). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
NQ=F vs. ES=F - Drawdown Comparison
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Volatility
NQ=F vs. ES=F - Volatility Comparison
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Frequently Asked Questions
With a correlation of 0.94, NQ=F and ES=F move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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