^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:
-0.06
^XCMP:
1.86
^NQROBO:
0.05
^XCMP:
2.43
^NQROBO:
1.01
^XCMP:
1.34
^NQROBO:
-0.03
^XCMP:
2.49
^NQROBO:
-0.17
^XCMP:
8.85
^NQROBO:
6.62%
^XCMP:
3.70%
^NQROBO:
18.80%
^XCMP:
17.55%
^NQROBO:
-44.12%
^XCMP:
-35.83%
^NQROBO:
-22.91%
^XCMP:
-2.98%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -0.01% return, which is significantly lower than ^XCMP's 31.30% return.
^NQROBO
-0.01%
-0.12%
8.25%
0.50%
5.77%
N/A
^XCMP
31.30%
3.28%
11.03%
31.74%
17.79%
16.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^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) has a higher volatility of 5.90% compared to NASDAQ Composite Total Return Index (^XCMP) at 5.06%. 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.