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.
^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.
Performance
^NDXT vs. ^NDX - Performance Comparison
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Key characteristics
^NDXT:
0.11
^NDX:
0.59
^NDXT:
0.25
^NDX:
0.89
^NDXT:
1.03
^NDX:
1.12
^NDXT:
0.01
^NDX:
0.57
^NDXT:
0.04
^NDX:
1.85
^NDXT:
9.89%
^NDX:
7.08%
^NDXT:
32.98%
^NDX:
25.69%
^NDXT:
-59.34%
^NDX:
-82.90%
^NDXT:
-8.29%
^NDX:
-3.76%
Returns By Period
In the year-to-date period, ^NDXT achieves a 2.93% return, which is significantly higher than ^NDX's 1.56% return. Over the past 10 years, ^NDXT has underperformed ^NDX with an annualized return of 15.75%, while ^NDX has yielded a comparatively higher 16.82% annualized return.
^NDXT
2.93%
8.28%
-1.40%
4.45%
14.50%
13.47%
15.75%
^NDX
1.56%
7.86%
1.96%
15.13%
19.07%
17.43%
16.82%
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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.
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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.
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Volatility
^NDXT vs. ^NDX - Volatility Comparison
NASDAQ 100 Technology Sector Index (^NDXT) has a higher volatility of 7.23% compared to NASDAQ 100 (^NDX) at 5.59%. 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.
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