Correlation
The correlation between ^NDXT and VOO is 0.85, 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. VOO
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or VOO.
Performance
^NDXT vs. VOO - Performance Comparison
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Key characteristics
^NDXT:
0.11
VOO:
0.74
^NDXT:
0.25
VOO:
1.04
^NDXT:
1.03
VOO:
1.15
^NDXT:
0.01
VOO:
0.68
^NDXT:
0.04
VOO:
2.58
^NDXT:
9.89%
VOO:
4.93%
^NDXT:
32.98%
VOO:
19.54%
^NDXT:
-59.34%
VOO:
-33.99%
^NDXT:
-8.29%
VOO:
-3.55%
Returns By Period
In the year-to-date period, ^NDXT achieves a 2.93% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, ^NDXT has outperformed VOO with an annualized return of 15.75%, while VOO has yielded a comparatively lower 12.81% annualized return.
^NDXT
2.93%
8.28%
-1.40%
4.45%
14.50%
13.47%
15.75%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
^NDXT vs. VOO — Risk-Adjusted Performance Rank
^NDXT
VOO
^NDXT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and Vanguard S&P 500 ETF (VOO). 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. VOO - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^NDXT and VOO.
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Volatility
^NDXT vs. VOO - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 7.23% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that ^NDXT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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