^IBEX vs. ^NDX
Compare and contrast key facts about IBEX 35 Index (^IBEX) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or ^NDX.
Key characteristics
| ^IBEX | ^NDX | |
|---|---|---|
| YTD Return | 12.13% | 10.22% |
| 1Y Return | 22.95% | 34.06% |
| 3Y Return (Ann) | 7.08% | 11.97% |
| 5Y Return (Ann) | 3.99% | 19.86% |
| 10Y Return (Ann) | 0.79% | 17.84% |
| Sharpe Ratio | 1.88 | 2.22 |
| Daily Std Dev | 12.34% | 16.46% |
| Max Drawdown | -62.65% | -82.90% |
| Current Drawdown | -28.96% | -0.27% |
Correlation
The correlation between ^IBEX and ^NDX is 0.29, 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
^IBEX vs. ^NDX - Performance Comparison
In the year-to-date period, ^IBEX achieves a 12.13% return, which is significantly higher than ^NDX's 10.22% return. Over the past 10 years, ^IBEX has underperformed ^NDX with an annualized return of 0.79%, while ^NDX has yielded a comparatively higher 17.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^IBEX vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) 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
^IBEX vs. ^NDX - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^IBEX and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. ^NDX - Volatility Comparison
IBEX 35 Index (^IBEX) and NASDAQ 100 (^NDX) have volatilities of 4.81% and 4.89%, 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.