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NQ=F vs. ES=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between NQ=F and ES=F is 0.88, 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

NQ=F vs. ES=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in E-Mini Nasdaq 100 Futures (NQ=F) and S&P 500 E-Mini Futures (ES=F). The values are adjusted to include any dividend payments, if applicable.

400.00%600.00%800.00%1,000.00%1,200.00%1,400.00%1,600.00%December2025FebruaryMarchAprilMay
1,365.20%
555.28%
NQ=F
ES=F

Key characteristics

Sharpe Ratio

NQ=F:

0.40

ES=F:

0.39

Sortino Ratio

NQ=F:

0.64

ES=F:

0.45

Omega Ratio

NQ=F:

1.09

ES=F:

1.07

Calmar Ratio

NQ=F:

0.37

ES=F:

0.22

Martin Ratio

NQ=F:

1.17

ES=F:

0.83

Ulcer Index

NQ=F:

7.10%

ES=F:

5.35%

Daily Std Dev

NQ=F:

24.80%

ES=F:

19.03%

Max Drawdown

NQ=F:

-35.28%

ES=F:

-57.11%

Current Drawdown

NQ=F:

-9.46%

ES=F:

-7.87%

Returns By Period

In the year-to-date period, NQ=F achieves a -5.09% return, which is significantly lower than ES=F's -4.34% return. Over the past 10 years, NQ=F has outperformed ES=F with an annualized return of 16.15%, while ES=F has yielded a comparatively lower 9.68% annualized return.


NQ=F

YTD

-5.09%

1M

4.45%

6M

-5.11%

1Y

10.61%

5Y*

16.42%

10Y*

16.15%

ES=F

YTD

-4.34%

1M

3.41%

6M

-5.76%

1Y

8.38%

5Y*

12.65%

10Y*

9.68%

*Annualized

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Risk-Adjusted Performance

NQ=F vs. ES=F — Risk-Adjusted Performance Rank

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

NQ=F
The Risk-Adjusted Performance Rank of NQ=F is 7575
Overall Rank
The Sharpe Ratio Rank of NQ=F is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of NQ=F is 7878
Sortino Ratio Rank
The Omega Ratio Rank of NQ=F is 7878
Omega Ratio Rank
The Calmar Ratio Rank of NQ=F is 7878
Calmar Ratio Rank
The Martin Ratio Rank of NQ=F is 7777
Martin Ratio Rank

ES=F
The Risk-Adjusted Performance Rank of ES=F is 6161
Overall Rank
The Sharpe Ratio Rank of ES=F is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of ES=F is 5454
Sortino Ratio Rank
The Omega Ratio Rank of ES=F is 5858
Omega Ratio Rank
The Calmar Ratio Rank of ES=F is 6464
Calmar Ratio Rank
The Martin Ratio Rank of ES=F is 6262
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.

NQ=F vs. ES=F - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) and S&P 500 E-Mini 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.


The current NQ=F Sharpe Ratio is 0.40, which is comparable to the ES=F Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of NQ=F and ES=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2025FebruaryMarchAprilMay
0.38
0.39
NQ=F
ES=F

Drawdowns

NQ=F vs. ES=F - Drawdown Comparison

The maximum NQ=F drawdown since its inception was -35.28%, smaller than the maximum ES=F drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for NQ=F and ES=F. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-9.46%
-7.87%
NQ=F
ES=F

Volatility

NQ=F vs. ES=F - Volatility Comparison

E-Mini Nasdaq 100 Futures (NQ=F) has a higher volatility of 6.54% compared to S&P 500 E-Mini Futures (ES=F) at 5.32%. This indicates that NQ=F's price experiences larger fluctuations and is considered to be riskier than ES=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%December2025FebruaryMarchAprilMay
6.54%
5.32%
NQ=F
ES=F