^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 0.71, 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:
0.66
NVDA:
1.55
^SIXT:
1.01
NVDA:
2.11
^SIXT:
1.13
NVDA:
1.27
^SIXT:
0.89
NVDA:
3.26
^SIXT:
2.97
NVDA:
9.28
^SIXT:
5.10%
NVDA:
9.52%
^SIXT:
22.95%
NVDA:
56.74%
^SIXT:
-33.93%
NVDA:
-89.73%
^SIXT:
-5.91%
NVDA:
-20.60%
Returns By Period
In the year-to-date period, ^SIXT achieves a -2.14% return, which is significantly higher than NVDA's -11.65% return. Over the past 10 years, ^SIXT has underperformed NVDA with an annualized return of 18.84%, while NVDA has yielded a comparatively higher 73.42% annualized return.
^SIXT
-2.14%
-3.49%
13.34%
12.25%
17.94%
18.84%
NVDA
-11.65%
-17.87%
13.83%
71.17%
80.13%
73.42%
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Risk-Adjusted Performance
^SIXT vs. NVDA — Risk-Adjusted Performance Rank
^SIXT
NVDA
^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 8.16%, while NVIDIA Corporation (NVDA) has a volatility of 25.00%. 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.