^NDX vs. TSLA
Compare and contrast key facts about NASDAQ 100 (^NDX) and Tesla, Inc. (TSLA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDX or TSLA.
Key characteristics
| ^NDX | TSLA | |
|---|---|---|
| YTD Return | 6.33% | -27.08% |
| 1Y Return | 37.81% | 12.40% |
| 3Y Return (Ann) | 9.73% | -6.91% |
| 5Y Return (Ann) | 17.94% | 60.58% |
| 10Y Return (Ann) | 17.56% | 29.40% |
| Sharpe Ratio | 2.25 | 0.25 |
| Daily Std Dev | 16.58% | 51.21% |
| Max Drawdown | -82.90% | -73.63% |
| Current Drawdown | -2.45% | -55.80% |
Correlation
The correlation between ^NDX and TSLA is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^NDX vs. TSLA - Performance Comparison
In the year-to-date period, ^NDX achieves a 6.33% return, which is significantly higher than TSLA's -27.08% return. Over the past 10 years, ^NDX has underperformed TSLA with an annualized return of 17.56%, while TSLA has yielded a comparatively higher 29.40% 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. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) and Tesla, Inc. (TSLA). 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. TSLA - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for ^NDX and TSLA. For additional features, visit the drawdowns tool.
Volatility
^NDX vs. TSLA - Volatility Comparison
The current volatility for NASDAQ 100 (^NDX) is 5.91%, while Tesla, Inc. (TSLA) has a volatility of 23.43%. This indicates that ^NDX experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.