^STOXX vs. ^NDX
Compare and contrast key facts about STOXX Europe 600 Index (^STOXX) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^STOXX or ^NDX.
Correlation
The correlation between ^STOXX and ^NDX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^STOXX vs. ^NDX - Performance Comparison
Key characteristics
^STOXX:
-0.17
^NDX:
0.15
^STOXX:
-0.13
^NDX:
0.39
^STOXX:
0.98
^NDX:
1.05
^STOXX:
-0.15
^NDX:
0.16
^STOXX:
-0.76
^NDX:
0.62
^STOXX:
3.31%
^NDX:
6.05%
^STOXX:
14.35%
^NDX:
24.98%
^STOXX:
-61.04%
^NDX:
-82.90%
^STOXX:
-13.55%
^NDX:
-15.72%
Returns By Period
In the year-to-date period, ^STOXX achieves a -4.10% return, which is significantly higher than ^NDX's -11.05% return. Over the past 10 years, ^STOXX has underperformed ^NDX with an annualized return of 1.66%, while ^NDX has yielded a comparatively higher 15.60% annualized return.
^STOXX
-4.10%
-10.06%
-6.74%
-3.52%
7.79%
1.66%
^NDX
-11.05%
-4.62%
-7.80%
2.09%
17.83%
15.60%
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Risk-Adjusted Performance
^STOXX vs. ^NDX — Risk-Adjusted Performance Rank
^STOXX
^NDX
^STOXX vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) 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
^STOXX vs. ^NDX - Drawdown Comparison
The maximum ^STOXX drawdown since its inception was -61.04%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^STOXX and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^STOXX vs. ^NDX - Volatility Comparison
The current volatility for STOXX Europe 600 Index (^STOXX) is 11.78%, while NASDAQ 100 (^NDX) has a volatility of 16.28%. This indicates that ^STOXX 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.