^NDXT vs. SPLG
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and SPDR Portfolio S&P 500 ETF (SPLG).
SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or SPLG.
Correlation
The correlation between ^NDXT and SPLG 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
^NDXT vs. SPLG - Performance Comparison
Key characteristics
^NDXT:
0.00
SPLG:
0.56
^NDXT:
0.21
SPLG:
0.91
^NDXT:
1.03
SPLG:
1.13
^NDXT:
-0.01
SPLG:
0.58
^NDXT:
-0.04
SPLG:
2.24
^NDXT:
9.72%
SPLG:
4.83%
^NDXT:
32.48%
SPLG:
19.21%
^NDXT:
-59.34%
SPLG:
-54.52%
^NDXT:
-12.59%
SPLG:
-7.54%
Returns By Period
In the year-to-date period, ^NDXT achieves a -1.90% return, which is significantly higher than SPLG's -3.30% return. Over the past 10 years, ^NDXT has outperformed SPLG with an annualized return of 15.53%, while SPLG has yielded a comparatively lower 12.33% annualized return.
^NDXT
-1.90%
23.61%
-8.02%
0.15%
13.52%
15.53%
SPLG
-3.30%
13.76%
-4.52%
10.72%
15.90%
12.33%
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Risk-Adjusted Performance
^NDXT vs. SPLG — Risk-Adjusted Performance Rank
^NDXT
SPLG
^NDXT vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for ^NDXT and SPLG. For additional features, visit the drawdowns tool.
Volatility
^NDXT vs. SPLG - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 17.16% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 11.17%. This indicates that ^NDXT's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.