^OEX vs. ^NDX
Compare and contrast key facts about S&P 100 Index (^OEX) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^OEX or ^NDX.
Key characteristics
| ^OEX | ^NDX | |
|---|---|---|
| YTD Return | 12.71% | 10.29% |
| 1Y Return | 31.07% | 36.56% |
| 3Y Return (Ann) | 10.20% | 11.72% |
| 5Y Return (Ann) | 14.78% | 19.89% |
| 10Y Return (Ann) | 11.70% | 17.80% |
| Sharpe Ratio | 2.63 | 2.32 |
| Daily Std Dev | 12.42% | 16.49% |
| Max Drawdown | -61.31% | -82.90% |
| Current Drawdown | -0.20% | -0.21% |
Correlation
The correlation between ^OEX and ^NDX is 0.82, 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
^OEX vs. ^NDX - Performance Comparison
In the year-to-date period, ^OEX achieves a 12.71% return, which is significantly higher than ^NDX's 10.29% return. Over the past 10 years, ^OEX has underperformed ^NDX with an annualized return of 11.70%, while ^NDX has yielded a comparatively higher 17.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^OEX vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) and NASDAQ 100 (^NDX). 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
^OEX vs. ^NDX - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^OEX and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^OEX vs. ^NDX - Volatility Comparison
The current volatility for S&P 100 Index (^OEX) is 3.85%, while NASDAQ 100 (^NDX) has a volatility of 4.95%. This indicates that ^OEX experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.