^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:
-0.06
^GSPC:
2.10
^NQROBO:
0.05
^GSPC:
2.80
^NQROBO:
1.01
^GSPC:
1.39
^NQROBO:
-0.03
^GSPC:
3.09
^NQROBO:
-0.17
^GSPC:
13.49
^NQROBO:
6.62%
^GSPC:
1.94%
^NQROBO:
18.80%
^GSPC:
12.52%
^NQROBO:
-44.12%
^GSPC:
-56.78%
^NQROBO:
-22.91%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -0.01% return, which is significantly lower than ^GSPC's 24.34% return.
^NQROBO
-0.01%
-0.12%
8.25%
0.50%
5.77%
N/A
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
^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 6.13% compared to S&P 500 (^GSPC) at 3.75%. 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.