Correlation
The correlation between ^SP100 and ^IXIC is 0.85, 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.
^SP100 vs. ^IXIC
Compare and contrast key facts about S&P 100 Index (^SP100) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP100 or ^IXIC.
Performance
^SP100 vs. ^IXIC - Performance Comparison
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Key characteristics
^SP100:
0.72
^IXIC:
0.55
^SP100:
1.03
^IXIC:
0.84
^SP100:
1.15
^IXIC:
1.12
^SP100:
0.68
^IXIC:
0.51
^SP100:
2.44
^IXIC:
1.64
^SP100:
5.51%
^IXIC:
7.49%
^SP100:
21.21%
^IXIC:
26.12%
^SP100:
-61.31%
^IXIC:
-77.93%
^SP100:
-3.94%
^IXIC:
-5.25%
Returns By Period
In the year-to-date period, ^SP100 achieves a -0.19% return, which is significantly higher than ^IXIC's -1.02% return. Over the past 10 years, ^SP100 has underperformed ^IXIC with an annualized return of 12.02%, while ^IXIC has yielded a comparatively higher 14.18% annualized return.
^SP100
-0.19%
6.09%
-0.62%
14.40%
15.51%
15.73%
12.02%
^IXIC
-1.02%
7.92%
-0.54%
14.21%
16.52%
15.03%
14.18%
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Risk-Adjusted Performance
^SP100 vs. ^IXIC — Risk-Adjusted Performance Rank
^SP100
^IXIC
^SP100 vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) and NASDAQ Composite (^IXIC). 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.
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Drawdowns
^SP100 vs. ^IXIC - Drawdown Comparison
The maximum ^SP100 drawdown since its inception was -61.31%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ^SP100 and ^IXIC.
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Volatility
^SP100 vs. ^IXIC - Volatility Comparison
The current volatility for S&P 100 Index (^SP100) is 5.03%, while NASDAQ Composite (^IXIC) has a volatility of 6.00%. This indicates that ^SP100 experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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