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.
^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.
Performance
^NDXT vs. ^IXIC - Performance Comparison
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Key characteristics
^NDXT:
0.11
^IXIC:
0.55
^NDXT:
0.25
^IXIC:
0.84
^NDXT:
1.03
^IXIC:
1.12
^NDXT:
0.01
^IXIC:
0.51
^NDXT:
0.04
^IXIC:
1.64
^NDXT:
9.89%
^IXIC:
7.49%
^NDXT:
32.98%
^IXIC:
26.12%
^NDXT:
-59.34%
^IXIC:
-77.93%
^NDXT:
-8.29%
^IXIC:
-5.25%
Returns By Period
In the year-to-date period, ^NDXT achieves a 2.93% return, which is significantly higher than ^IXIC's -1.02% return. Over the past 10 years, ^NDXT has outperformed ^IXIC with an annualized return of 15.75%, while ^IXIC has yielded a comparatively lower 14.18% annualized return.
^NDXT
2.93%
8.28%
-1.40%
4.45%
14.50%
13.47%
15.75%
^IXIC
-1.02%
7.92%
-0.54%
14.21%
16.52%
15.03%
14.18%
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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.
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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.
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Volatility
^NDXT vs. ^IXIC - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 7.23% compared to NASDAQ Composite (^IXIC) at 6.00%. 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.
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