^DWGROT vs. ^IXIC
Compare and contrast key facts about Dow Jones U.S. Growth Total Stock Market Index (^DWGROT) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DWGROT or ^IXIC.
Correlation
The correlation between ^DWGROT and ^IXIC is 0.93, 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
^DWGROT vs. ^IXIC - Performance Comparison
Key characteristics
^DWGROT:
0.56
^IXIC:
0.38
^DWGROT:
0.94
^IXIC:
0.71
^DWGROT:
1.13
^IXIC:
1.10
^DWGROT:
0.60
^IXIC:
0.40
^DWGROT:
2.06
^IXIC:
1.34
^DWGROT:
6.83%
^IXIC:
7.30%
^DWGROT:
25.07%
^IXIC:
25.59%
^DWGROT:
-34.14%
^IXIC:
-77.93%
^DWGROT:
-11.71%
^IXIC:
-12.07%
Returns By Period
The year-to-date returns for both stocks are quite close, with ^DWGROT having a -7.92% return and ^IXIC slightly lower at -8.14%.
^DWGROT
-7.92%
13.54%
-5.73%
10.59%
17.03%
N/A
^IXIC
-8.14%
13.68%
-6.56%
8.61%
14.29%
13.53%
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Risk-Adjusted Performance
^DWGROT vs. ^IXIC — Risk-Adjusted Performance Rank
^DWGROT
^IXIC
^DWGROT vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Growth Total Stock Market Index (^DWGROT) and NASDAQ Composite (^IXIC). 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
^DWGROT vs. ^IXIC - Drawdown Comparison
The maximum ^DWGROT drawdown since its inception was -34.14%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ^DWGROT and ^IXIC. For additional features, visit the drawdowns tool.
Volatility
^DWGROT vs. ^IXIC - Volatility Comparison
Dow Jones U.S. Growth Total Stock Market Index (^DWGROT) and NASDAQ Composite (^IXIC) have volatilities of 14.05% and 14.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.