^SIXT vs. NVDA
Compare and contrast key facts about Technology Select Sector Index (^SIXT) and NVIDIA Corporation (NVDA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXT or NVDA.
Key characteristics
| ^SIXT | NVDA | |
|---|---|---|
| YTD Return | 14.37% | 140.55% |
| 1Y Return | 28.06% | 161.37% |
| 3Y Return (Ann) | 12.23% | 75.31% |
| 5Y Return (Ann) | 22.33% | 92.52% |
| 10Y Return (Ann) | 18.69% | 74.60% |
| Sharpe Ratio | 1.24 | 3.13 |
| Daily Std Dev | 21.73% | 51.78% |
| Max Drawdown | -33.93% | -89.73% |
| Current Drawdown | -7.38% | -12.15% |
Correlation
The correlation between ^SIXT and NVDA is 0.70, 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
^SIXT vs. NVDA - Performance Comparison
In the year-to-date period, ^SIXT achieves a 14.37% return, which is significantly lower than NVDA's 140.55% return. Over the past 10 years, ^SIXT has underperformed NVDA with an annualized return of 18.69%, while NVDA has yielded a comparatively higher 74.60% 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
^SIXT vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector Index (^SIXT) and NVIDIA Corporation (NVDA). 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
^SIXT vs. NVDA - Drawdown Comparison
The maximum ^SIXT drawdown since its inception was -33.93%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for ^SIXT and NVDA. For additional features, visit the drawdowns tool.
Volatility
^SIXT vs. NVDA - Volatility Comparison
The current volatility for Technology Select Sector Index (^SIXT) is 8.72%, while NVIDIA Corporation (NVDA) has a volatility of 18.71%. This indicates that ^SIXT experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.