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XOEF vs. ^NDX
Performance
Return for Risk
Drawdowns
Volatility

XOEF vs. ^NDX

Last updated Jun 30, 2026
See Documentation

XOEF (iShares S&P 500 ex S&P 100 ETF) is S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while ^NDX (NASDAQ 100 Index) is an index. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

XOEF vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XOEF achieves a 16.44% return, which is significantly lower than ^NDX's 17.92% return.

XOEF

1D
0.79%
1M
3.14%
YTD
16.44%
6M
15.13%
1Y
—
3Y*
—
5Y*
—
10Y*
—

^NDX

1D
2.25%
1M
-1.84%
YTD
17.92%
6M
16.65%
1Y
32.13%
3Y*
25.18%
5Y*
15.39%
10Y*
20.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XOEF vs. ^NDX - Yearly Performance Comparison

2026 (YTD)2025
XOEF
iShares S&P 500 ex S&P 100 ETF		16.44%4.27%
^NDX
NASDAQ 100 Index		17.92%11.22%

Correlation

The correlation between XOEF and ^NDX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 9, 2025

0.69

Compare stocks, funds, or ETFs

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iShares S&P 500 ex S&P 100 ETF

NASDAQ 100 Index

Often compared with XOEF:
XOEF vs. FCNTXXOEF vs. VOOXOEF vs. DGROXOEF vs. MAINXOEF vs. VTIXOEF vs. ACWIXOEF vs. CPSM
Often compared with ^NDX:
^NDX vs. BRK-B^NDX vs. SPY^NDX vs. ARKK^NDX vs. ^IXIC^NDX vs. TSLA^NDX vs. ^SOX^NDX vs. VOO

Return for Risk

XOEF vs. ^NDX — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

^NDX
^NDX Risk / Return Rank: 7878
Overall Rank
^NDX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
^NDX Sortino Ratio Rank: 7777
Sortino Ratio Rank
^NDX Omega Ratio Rank: 7878
Omega Ratio Rank
^NDX Calmar Ratio Rank: 7777
Calmar Ratio Rank
^NDX Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XOEF vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.

XOEF^NDXDifference
Sharpe ratioReturn per unit of total volatility

—

1.78

—

Sortino ratioReturn per unit of downside risk

—

2.38

—

Omega ratioGain probability vs. loss probability

—

1.31

—

Calmar ratioReturn relative to maximum drawdown

—

2.66

—

Martin ratioReturn relative to average drawdown

—

9.71

—

XOEF vs. ^NDX - Sharpe Ratio Comparison

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Drawdowns

XOEF vs. ^NDX - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for XOEF and ^NDX.

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Drawdown Indicators

XOEF^NDXDifference

Max Drawdown

Largest peak-to-trough decline

-7.66%

-82.90%

+75.24%

Max Drawdown (1Y)

Largest decline over 1 year

—

-12.12%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-22.93%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.56%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.56%

—

Current Drawdown

Current decline from peak

0.00%

-2.89%

+2.89%

Average Drawdown

Average peak-to-trough decline

-1.27%

-24.59%

+23.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.32%

—

Volatility

XOEF vs. ^NDX - Volatility Comparison

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Volatility by Period

XOEF^NDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

9.24%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

14.73%

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.89%

18.16%

-5.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.89%

22.92%

-10.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.89%

22.63%

-9.74%

Frequently Asked Questions

XOEF and ^NDX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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