^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 0.81, 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:
-0.16
SPY:
0.51
^NQROBO:
-0.06
SPY:
0.86
^NQROBO:
0.99
SPY:
1.13
^NQROBO:
-0.10
SPY:
0.55
^NQROBO:
-0.46
SPY:
2.26
^NQROBO:
8.16%
SPY:
4.55%
^NQROBO:
23.46%
SPY:
20.08%
^NQROBO:
-44.12%
SPY:
-55.19%
^NQROBO:
-29.80%
SPY:
-9.89%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -8.23% return, which is significantly lower than SPY's -5.76% return.
^NQROBO
-8.23%
0.09%
-4.73%
-1.63%
6.10%
N/A
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
^NQROBO vs. SPY — Risk-Adjusted Performance Rank
^NQROBO
SPY
^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
The current volatility for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) is 14.06%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that ^NQROBO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.