^NDXT vs. ^IXIC
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or ^IXIC.
Correlation
The correlation between ^NDXT and ^IXIC 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.
Performance
^NDXT vs. ^IXIC - Performance Comparison
Key characteristics
^NDXT:
0.00
^IXIC:
0.39
^NDXT:
0.21
^IXIC:
0.70
^NDXT:
1.03
^IXIC:
1.10
^NDXT:
-0.01
^IXIC:
0.40
^NDXT:
-0.04
^IXIC:
1.32
^NDXT:
9.72%
^IXIC:
7.34%
^NDXT:
32.48%
^IXIC:
25.61%
^NDXT:
-59.34%
^IXIC:
-77.93%
^NDXT:
-12.59%
^IXIC:
-11.13%
Returns By Period
In the year-to-date period, ^NDXT achieves a -1.90% return, which is significantly higher than ^IXIC's -7.16% return. Over the past 10 years, ^NDXT has outperformed ^IXIC with an annualized return of 15.53%, while ^IXIC has yielded a comparatively lower 13.67% annualized return.
^NDXT
-1.90%
23.61%
-8.02%
0.15%
13.52%
15.53%
^IXIC
-7.16%
17.42%
-6.96%
9.97%
14.52%
13.67%
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Risk-Adjusted Performance
^NDXT vs. ^IXIC — Risk-Adjusted Performance Rank
^NDXT
^IXIC
^NDXT vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and NASDAQ Composite (^IXIC). 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. ^IXIC - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ^NDXT and ^IXIC. For additional features, visit the drawdowns tool.
Volatility
^NDXT vs. ^IXIC - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 17.16% compared to NASDAQ Composite (^IXIC) at 14.10%. This indicates that ^NDXT's price experiences larger fluctuations and is considered to be riskier than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.