^NDXE vs. ^NDX
Compare and contrast key facts about NASDAQ 100 Equal Weighted Index (^NDXE) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXE or ^NDX.
Correlation
The correlation between ^NDXE and ^NDX is 0.90, 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
^NDXE vs. ^NDX - Performance Comparison
Key characteristics
^NDXE:
0.21
^NDX:
0.44
^NDXE:
0.45
^NDX:
0.77
^NDXE:
1.06
^NDX:
1.11
^NDXE:
0.21
^NDX:
0.47
^NDXE:
0.73
^NDX:
1.56
^NDXE:
6.07%
^NDX:
6.99%
^NDXE:
21.87%
^NDX:
25.24%
^NDXE:
-58.20%
^NDX:
-82.90%
^NDXE:
-8.10%
^NDX:
-9.52%
Returns By Period
In the year-to-date period, ^NDXE achieves a 0.22% return, which is significantly higher than ^NDX's -4.51% return. Over the past 10 years, ^NDXE has underperformed ^NDX with an annualized return of 11.04%, while ^NDX has yielded a comparatively higher 16.32% annualized return.
^NDXE
0.22%
17.13%
-4.28%
4.60%
11.65%
11.04%
^NDX
-4.51%
17.40%
-4.92%
10.94%
16.88%
16.32%
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Risk-Adjusted Performance
^NDXE vs. ^NDX — Risk-Adjusted Performance Rank
^NDXE
^NDX
^NDXE vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Equal Weighted Index (^NDXE) 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
^NDXE vs. ^NDX - Drawdown Comparison
The maximum ^NDXE drawdown since its inception was -58.20%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^NDXE and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^NDXE vs. ^NDX - Volatility Comparison
The current volatility for NASDAQ 100 Equal Weighted Index (^NDXE) is 12.48%, while NASDAQ 100 (^NDX) has a volatility of 13.81%. This indicates that ^NDXE experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.