^NDXT vs. ^NDX
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or ^NDX.
Correlation
The correlation between ^NDXT and ^NDX 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. ^NDX - Performance Comparison
Key characteristics
^NDXT:
0.00
^NDX:
0.44
^NDXT:
0.21
^NDX:
0.77
^NDXT:
1.03
^NDX:
1.11
^NDXT:
-0.01
^NDX:
0.47
^NDXT:
-0.04
^NDX:
1.56
^NDXT:
9.72%
^NDX:
6.99%
^NDXT:
32.48%
^NDX:
25.24%
^NDXT:
-59.34%
^NDX:
-82.90%
^NDXT:
-12.59%
^NDX:
-9.52%
Returns By Period
In the year-to-date period, ^NDXT achieves a -1.90% return, which is significantly higher than ^NDX's -4.51% return. Over the past 10 years, ^NDXT has underperformed ^NDX with an annualized return of 15.53%, while ^NDX has yielded a comparatively higher 16.32% annualized return.
^NDXT
-1.90%
23.61%
-8.02%
0.15%
13.52%
15.53%
^NDX
-4.51%
17.40%
-4.92%
10.94%
16.88%
16.32%
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Risk-Adjusted Performance
^NDXT vs. ^NDX — Risk-Adjusted Performance Rank
^NDXT
^NDX
^NDXT vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and NASDAQ 100 (^NDX). 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. ^NDX - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^NDXT and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^NDXT vs. ^NDX - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 17.16% compared to NASDAQ 100 (^NDX) at 13.81%. This indicates that ^NDXT's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.