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.
^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.
Performance
^NDXE vs. ^NDX - Performance Comparison
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Key characteristics
^NDXE:
0.38
^NDX:
0.59
^NDXE:
0.59
^NDX:
0.89
^NDXE:
1.08
^NDX:
1.12
^NDXE:
0.31
^NDX:
0.57
^NDXE:
1.10
^NDX:
1.85
^NDXE:
6.15%
^NDX:
7.08%
^NDXE:
22.26%
^NDX:
25.69%
^NDXE:
-58.20%
^NDX:
-82.90%
^NDXE:
-4.45%
^NDX:
-3.76%
Returns By Period
In the year-to-date period, ^NDXE achieves a 4.19% return, which is significantly higher than ^NDX's 1.56% return. Over the past 10 years, ^NDXE has underperformed ^NDX with an annualized return of 11.30%, while ^NDX has yielded a comparatively higher 16.82% annualized return.
^NDXE
4.19%
6.53%
-0.91%
8.07%
11.14%
11.24%
11.30%
^NDX
1.56%
7.86%
1.96%
15.13%
19.07%
17.43%
16.82%
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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.
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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.
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Volatility
^NDXE vs. ^NDX - Volatility Comparison
NASDAQ 100 Equal Weighted Index (^NDXE) and NASDAQ 100 (^NDX) have volatilities of 5.33% and 5.59%, 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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