Correlation
The correlation between ^NQROBO and ^XCMP 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.
^NQROBO vs. ^XCMP
Compare and contrast key facts about Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and NASDAQ Composite Total Return Index (^XCMP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NQROBO or ^XCMP.
Performance
^NQROBO vs. ^XCMP - Performance Comparison
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Key characteristics
^NQROBO:
0.10
^XCMP:
0.49
^NQROBO:
0.41
^XCMP:
0.84
^NQROBO:
1.05
^XCMP:
1.12
^NQROBO:
0.11
^XCMP:
0.51
^NQROBO:
0.49
^XCMP:
1.67
^NQROBO:
8.60%
^XCMP:
7.38%
^NQROBO:
23.90%
^XCMP:
25.99%
^NQROBO:
-44.12%
^XCMP:
-35.83%
^NQROBO:
-25.05%
^XCMP:
-6.84%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -2.01% return, which is significantly higher than ^XCMP's -2.71% return.
^NQROBO
-2.01%
8.18%
-5.53%
2.67%
4.14%
5.72%
N/A
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
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Risk-Adjusted Performance
^NQROBO vs. ^XCMP — Risk-Adjusted Performance Rank
^NQROBO
^XCMP
^NQROBO vs. ^XCMP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and NASDAQ Composite Total Return Index (^XCMP). 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
^NQROBO vs. ^XCMP - Drawdown Comparison
The maximum ^NQROBO drawdown since its inception was -44.12%, which is greater than ^XCMP's maximum drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for ^NQROBO and ^XCMP.
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Volatility
^NQROBO vs. ^XCMP - Volatility Comparison
Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) has a higher volatility of 6.84% compared to NASDAQ Composite Total Return Index (^XCMP) at 5.56%. This indicates that ^NQROBO's price experiences larger fluctuations and is considered to be riskier than ^XCMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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