Correlation
The correlation between ^NDX and NQ=F is 0.89, 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.
^NDX vs. NQ=F
Compare and contrast key facts about NASDAQ 100 (^NDX) and E-Mini Nasdaq 100 Futures (NQ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDX or NQ=F.
Performance
^NDX vs. NQ=F - Performance Comparison
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Key characteristics
^NDX:
0.59
NQ=F:
0.58
^NDX:
0.89
NQ=F:
0.92
^NDX:
1.12
NQ=F:
1.13
^NDX:
0.57
NQ=F:
0.59
^NDX:
1.85
NQ=F:
1.85
^NDX:
7.08%
NQ=F:
7.38%
^NDX:
25.69%
NQ=F:
25.54%
^NDX:
-82.90%
NQ=F:
-35.28%
^NDX:
-3.76%
NQ=F:
-4.60%
Returns By Period
In the year-to-date period, ^NDX achieves a 1.56% return, which is significantly higher than NQ=F's 0.71% return. Both investments have delivered pretty close results over the past 10 years, with ^NDX having a 16.82% annualized return and NQ=F not far ahead at 16.85%.
^NDX
1.56%
6.16%
1.96%
15.13%
19.07%
17.43%
16.82%
NQ=F
0.71%
5.85%
1.83%
14.98%
19.12%
17.46%
16.85%
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Risk-Adjusted Performance
^NDX vs. NQ=F — Risk-Adjusted Performance Rank
^NDX
NQ=F
^NDX vs. NQ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) and E-Mini Nasdaq 100 Futures (NQ=F). 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.
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Drawdowns
^NDX vs. NQ=F - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than NQ=F's maximum drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for ^NDX and NQ=F.
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Volatility
^NDX vs. NQ=F - Volatility Comparison
NASDAQ 100 (^NDX) and E-Mini Nasdaq 100 Futures (NQ=F) have volatilities of 5.59% and 5.55%, 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.
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