^NQROBO vs. ^GSPC
Compare and contrast key facts about Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NQROBO or ^GSPC.
Correlation
The correlation between ^NQROBO and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
^NQROBO:
0.11
^GSPC:
1.62
^NQROBO:
0.27
^GSPC:
2.20
^NQROBO:
1.03
^GSPC:
1.30
^NQROBO:
0.06
^GSPC:
2.46
^NQROBO:
0.31
^GSPC:
10.01
^NQROBO:
6.58%
^GSPC:
2.08%
^NQROBO:
18.80%
^GSPC:
12.88%
^NQROBO:
-44.12%
^GSPC:
-56.78%
^NQROBO:
-20.82%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, ^NQROBO achieves a 3.51% return, which is significantly higher than ^GSPC's 2.24% return.
^NQROBO
3.51%
-2.47%
8.11%
4.95%
6.04%
N/A
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
^NQROBO vs. ^GSPC — Risk-Adjusted Performance Rank
^NQROBO
^GSPC
^NQROBO vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and S&P 500 (^GSPC). 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. ^GSPC - Drawdown Comparison
The maximum ^NQROBO drawdown since its inception was -44.12%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^NQROBO and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^NQROBO vs. ^GSPC - Volatility Comparison
Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) has a higher volatility of 5.38% compared to S&P 500 (^GSPC) at 3.37%. This indicates that ^NQROBO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.