^NDXT vs. MSFT
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and Microsoft Corporation (MSFT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or MSFT.
Correlation
The correlation between ^NDXT and MSFT is 0.70, 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
^NDXT vs. MSFT - Performance Comparison
Key characteristics
^NDXT:
0.00
MSFT:
0.30
^NDXT:
0.21
MSFT:
0.57
^NDXT:
1.03
MSFT:
1.07
^NDXT:
-0.01
MSFT:
0.29
^NDXT:
-0.04
MSFT:
0.63
^NDXT:
9.72%
MSFT:
10.68%
^NDXT:
32.48%
MSFT:
25.63%
^NDXT:
-59.34%
MSFT:
-69.39%
^NDXT:
-12.59%
MSFT:
-5.74%
Returns By Period
In the year-to-date period, ^NDXT achieves a -1.90% return, which is significantly lower than MSFT's 4.16% return. Over the past 10 years, ^NDXT has underperformed MSFT with an annualized return of 15.53%, while MSFT has yielded a comparatively higher 26.84% annualized return.
^NDXT
-1.90%
23.61%
-8.02%
0.15%
13.52%
15.53%
MSFT
4.16%
23.58%
3.41%
7.55%
19.98%
26.84%
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Risk-Adjusted Performance
^NDXT vs. MSFT — Risk-Adjusted Performance Rank
^NDXT
MSFT
^NDXT vs. MSFT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and Microsoft Corporation (MSFT). 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
^NDXT vs. MSFT - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, smaller than the maximum MSFT drawdown of -69.39%. Use the drawdown chart below to compare losses from any high point for ^NDXT and MSFT. For additional features, visit the drawdowns tool.
Volatility
^NDXT vs. MSFT - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 17.16% compared to Microsoft Corporation (MSFT) at 13.94%. This indicates that ^NDXT's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.