^NDX vs. SWPPX
Compare and contrast key facts about NASDAQ 100 (^NDX) and Schwab S&P 500 Index Fund (SWPPX).
SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDX or SWPPX.
Key characteristics
| ^NDX | SWPPX | |
|---|---|---|
| YTD Return | 6.33% | 7.98% |
| 1Y Return | 37.81% | 28.19% |
| 3Y Return (Ann) | 9.73% | 8.85% |
| 5Y Return (Ann) | 17.94% | 13.59% |
| 10Y Return (Ann) | 17.56% | 12.67% |
| Sharpe Ratio | 2.25 | 2.31 |
| Daily Std Dev | 16.58% | 11.81% |
| Max Drawdown | -82.90% | -55.06% |
| Current Drawdown | -2.45% | -2.33% |
Correlation
The correlation between ^NDX and SWPPX is 0.86, 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
^NDX vs. SWPPX - Performance Comparison
In the year-to-date period, ^NDX achieves a 6.33% return, which is significantly lower than SWPPX's 7.98% return. Over the past 10 years, ^NDX has outperformed SWPPX with an annualized return of 17.56%, while SWPPX has yielded a comparatively lower 12.67% 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
^NDX vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) and Schwab S&P 500 Index Fund (SWPPX). 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
^NDX vs. SWPPX - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for ^NDX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
^NDX vs. SWPPX - Volatility Comparison
NASDAQ 100 (^NDX) has a higher volatility of 5.91% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.10%. This indicates that ^NDX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.