^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.
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
Key characteristics
^SIXT:
1.09
NVDA:
3.44
^SIXT:
1.54
NVDA:
3.64
^SIXT:
1.20
NVDA:
1.46
^SIXT:
1.42
NVDA:
6.66
^SIXT:
4.83
NVDA:
20.59
^SIXT:
5.00%
NVDA:
8.74%
^SIXT:
22.13%
NVDA:
52.29%
^SIXT:
-33.93%
NVDA:
-89.73%
^SIXT:
-2.31%
NVDA:
-9.52%
Returns By Period
In the year-to-date period, ^SIXT achieves a 22.38% return, which is significantly lower than NVDA's 172.06% return. Over the past 10 years, ^SIXT has underperformed NVDA with an annualized return of 18.89%, while NVDA has yielded a comparatively higher 75.35% annualized return.
^SIXT
22.38%
1.99%
3.48%
22.79%
21.13%
18.89%
NVDA
172.06%
-7.66%
6.44%
175.01%
86.75%
75.35%
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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 5.41%, while NVIDIA Corporation (NVDA) has a volatility of 10.07%. 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.