^NQROBO vs. SPY
Compare and contrast key facts about Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NQROBO or SPY.
Correlation
The correlation between ^NQROBO and SPY is 0.80, 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
^NQROBO vs. SPY - Performance Comparison
Key characteristics
^NQROBO:
-0.04
SPY:
2.03
^NQROBO:
0.07
SPY:
2.71
^NQROBO:
1.01
SPY:
1.38
^NQROBO:
-0.02
SPY:
3.02
^NQROBO:
-0.11
SPY:
13.49
^NQROBO:
6.60%
SPY:
1.88%
^NQROBO:
18.81%
SPY:
12.48%
^NQROBO:
-44.12%
SPY:
-55.19%
^NQROBO:
-23.03%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -0.17% return, which is significantly lower than SPY's 24.51% return.
^NQROBO
-0.17%
1.29%
7.03%
-0.45%
5.74%
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
^NQROBO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and SPDR S&P 500 ETF (SPY). 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
^NQROBO vs. SPY - Drawdown Comparison
The maximum ^NQROBO drawdown since its inception was -44.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^NQROBO and SPY. For additional features, visit the drawdowns tool.
Volatility
^NQROBO vs. SPY - Volatility Comparison
Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) has a higher volatility of 6.01% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that ^NQROBO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.