^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.
Correlation
The correlation between ^NQROBO and ^XCMP is 0.83, 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. ^XCMP - Performance Comparison
Key characteristics
^NQROBO:
0.11
^XCMP:
1.15
^NQROBO:
0.27
^XCMP:
1.59
^NQROBO:
1.03
^XCMP:
1.22
^NQROBO:
0.06
^XCMP:
1.58
^NQROBO:
0.31
^XCMP:
5.39
^NQROBO:
6.58%
^XCMP:
3.85%
^NQROBO:
18.80%
^XCMP:
18.09%
^NQROBO:
-44.12%
^XCMP:
-35.83%
^NQROBO:
-20.82%
^XCMP:
-3.12%
Returns By Period
In the year-to-date period, ^NQROBO achieves a 3.51% return, which is significantly higher than ^XCMP's 1.18% return.
^NQROBO
3.51%
-2.47%
8.11%
4.95%
6.04%
N/A
^XCMP
1.18%
-2.58%
9.57%
22.90%
16.97%
15.73%
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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.
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. For additional features, visit the drawdowns tool.
Volatility
^NQROBO vs. ^XCMP - Volatility Comparison
Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) and NASDAQ Composite Total Return Index (^XCMP) have volatilities of 5.38% and 5.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.