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.
^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.
Performance
^NDXT vs. SPLG - Performance Comparison
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Key characteristics
^NDXT:
0.11
SPLG:
0.73
^NDXT:
0.25
SPLG:
1.04
^NDXT:
1.03
SPLG:
1.15
^NDXT:
0.01
SPLG:
0.68
^NDXT:
0.04
SPLG:
2.58
^NDXT:
9.89%
SPLG:
4.93%
^NDXT:
32.98%
SPLG:
19.61%
^NDXT:
-59.34%
SPLG:
-54.52%
^NDXT:
-8.29%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, ^NDXT achieves a 2.93% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, ^NDXT has outperformed SPLG with an annualized return of 15.75%, while SPLG has yielded a comparatively lower 12.72% annualized return.
^NDXT
2.93%
8.28%
-1.40%
4.45%
14.50%
13.47%
15.75%
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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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.
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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.
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Volatility
^NDXT vs. SPLG - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 7.23% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.80%. 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.
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