SHLE.TO vs. ^NDX
Compare and contrast key facts about Source Energy Services Ltd. (SHLE.TO) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHLE.TO or ^NDX.
Correlation
The correlation between SHLE.TO and ^NDX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHLE.TO vs. ^NDX - Performance Comparison
Key characteristics
SHLE.TO:
0.71
^NDX:
1.33
SHLE.TO:
1.47
^NDX:
1.81
SHLE.TO:
1.17
^NDX:
1.24
SHLE.TO:
0.51
^NDX:
1.80
SHLE.TO:
1.98
^NDX:
6.17
SHLE.TO:
23.86%
^NDX:
3.97%
SHLE.TO:
66.83%
^NDX:
18.51%
SHLE.TO:
-99.47%
^NDX:
-82.90%
SHLE.TO:
-89.60%
^NDX:
0.00%
Returns By Period
In the year-to-date period, SHLE.TO achieves a -20.87% return, which is significantly lower than ^NDX's 5.48% return.
SHLE.TO
-20.87%
-17.36%
-4.85%
46.69%
31.93%
N/A
^NDX
5.48%
3.37%
12.40%
25.32%
18.23%
17.49%
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Risk-Adjusted Performance
SHLE.TO vs. ^NDX — Risk-Adjusted Performance Rank
SHLE.TO
^NDX
SHLE.TO vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Source Energy Services Ltd. (SHLE.TO) 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.
Drawdowns
SHLE.TO vs. ^NDX - Drawdown Comparison
The maximum SHLE.TO drawdown since its inception was -99.47%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for SHLE.TO and ^NDX. For additional features, visit the drawdowns tool.
Volatility
SHLE.TO vs. ^NDX - Volatility Comparison
Source Energy Services Ltd. (SHLE.TO) has a higher volatility of 13.78% compared to NASDAQ 100 (^NDX) at 4.82%. This indicates that SHLE.TO'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.