PAF.L vs. ^NDX
PAF.L (Pan African Resources plc) is a stock, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, PAF.L returned 24.42%/yr vs 21.57%/yr for ^NDX. At a 0.04 correlation, their price movements are largely independent.
Performance
PAF.L vs. ^NDX - Performance Comparison
Loading charts...
Different Trading Currencies
PAF.L is traded in GBp, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAF.L achieves a -9.60% return, which is significantly lower than ^NDX's 17.97% return. Over the past 10 years, PAF.L has outperformed ^NDX with an annualized return of 24.42%, while ^NDX has yielded a comparatively lower 21.57% annualized return.
PAF.L
- 1D
- 5.62%
- 1M
- -26.94%
- YTD
- -9.60%
- 6M
- -1.63%
- 1Y
- 129.47%
- 3Y*
- 108.56%
- 5Y*
- 46.75%
- 10Y*
- 24.42%
^NDX
- 1D
- 0.73%
- 1M
- 0.17%
- YTD
- 17.97%
- 6M
- 17.33%
- 1Y
- 38.71%
- 3Y*
- 23.22%
- 5Y*
- 17.39%
- 10Y*
- 21.57%
PAF.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAF.L Pan African Resources plc | -9.60% | 258.03% | 109.32% | 6.38% | 4.14% | -25.77% | 102.96% | 40.81% | -34.94% | -11.75% |
^NDX NASDAQ 100 Index | 17.97% | 11.61% | 27.06% | 46.12% | -25.00% | 27.83% | 43.25% | 32.72% | 4.83% | 20.14% |
Correlation
The correlation between PAF.L and ^NDX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.04 |
The correlation between PAF.L and ^NDX shifts across timeframes, from -0.01 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAF.L vs. ^NDX — Risk / Return Rank
PAF.L
^NDX
PAF.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan African Resources plc (PAF.L) and NASDAQ 100 Index (^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.
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.
| PAF.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.12 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.67 | 9.29 | +0.39 |
Loading charts...
Drawdowns
PAF.L vs. ^NDX - Drawdown Comparison
The maximum PAF.L drawdown since its inception was -80.73%, which is greater than ^NDX's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for PAF.L and ^NDX.
Loading charts...
Drawdown Indicators
| PAF.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.73% | -34.63% | -46.10% |
Max Drawdown (1Y)Largest decline over 1 year | -44.73% | -12.05% | -32.68% |
Max Drawdown (3Y)Largest decline over 3 years | -44.73% | -24.98% | -19.75% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -28.43% | -18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -70.68% | -28.43% | -42.25% |
Current DrawdownCurrent decline from peak | -40.36% | -2.96% | -37.40% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -5.63% | -23.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.65% | 4.04% | +9.61% |
Volatility
PAF.L vs. ^NDX - Volatility Comparison
Pan African Resources plc (PAF.L) has a higher volatility of 21.97% compared to NASDAQ 100 Index (^NDX) at 7.02%. This indicates that PAF.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAF.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.97% | 7.02% | +14.95% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 12.50% | +32.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 16.42% | +37.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.00% | 21.47% | +26.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.54% | 22.52% | +31.02% |
Frequently Asked Questions
PAF.L and ^NDX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PAF.L and ^NDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer