^IXIC vs. SWKS
Compare and contrast key facts about NASDAQ Composite (^IXIC) and Skyworks Solutions, Inc. (SWKS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IXIC or SWKS.
Correlation
The correlation between ^IXIC and SWKS is 0.35, 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
^IXIC vs. SWKS - Performance Comparison
Key characteristics
^IXIC:
0.43
SWKS:
-0.66
^IXIC:
0.77
SWKS:
-0.69
^IXIC:
1.11
SWKS:
0.89
^IXIC:
0.46
SWKS:
-0.35
^IXIC:
1.61
SWKS:
-1.32
^IXIC:
6.90%
SWKS:
26.75%
^IXIC:
25.76%
SWKS:
53.45%
^IXIC:
-77.93%
SWKS:
-100.00%
^IXIC:
-14.91%
SWKS:
-99.99%
Returns By Period
In the year-to-date period, ^IXIC achieves a -11.11% return, which is significantly higher than SWKS's -29.92% return. Over the past 10 years, ^IXIC has outperformed SWKS with an annualized return of 13.03%, while SWKS has yielded a comparatively lower -2.42% annualized return.
^IXIC
-11.11%
-6.05%
-6.78%
9.25%
14.78%
13.03%
SWKS
-29.92%
-9.85%
-34.12%
-37.19%
-6.62%
-2.42%
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Risk-Adjusted Performance
^IXIC vs. SWKS — Risk-Adjusted Performance Rank
^IXIC
SWKS
^IXIC vs. SWKS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) and Skyworks Solutions, Inc. (SWKS). 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
^IXIC vs. SWKS - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, smaller than the maximum SWKS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^IXIC and SWKS. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. SWKS - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 17.23%, while Skyworks Solutions, Inc. (SWKS) has a volatility of 30.95%. This indicates that ^IXIC experiences smaller price fluctuations and is considered to be less risky than SWKS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.