^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 0.34, 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:
0.47
^NDX:
1.58
^STOXX:
0.69
^NDX:
2.12
^STOXX:
1.09
^NDX:
1.29
^STOXX:
0.67
^NDX:
2.11
^STOXX:
2.24
^NDX:
7.52
^STOXX:
2.16%
^NDX:
3.80%
^STOXX:
10.27%
^NDX:
18.07%
^STOXX:
-61.04%
^NDX:
-82.90%
^STOXX:
-4.90%
^NDX:
-3.65%
Returns By Period
In the year-to-date period, ^STOXX achieves a 4.84% return, which is significantly lower than ^NDX's 26.53% return. Over the past 10 years, ^STOXX has underperformed ^NDX with an annualized return of 3.79%, while ^NDX has yielded a comparatively higher 17.44% annualized return.
^STOXX
4.84%
0.34%
-2.51%
5.29%
3.64%
3.79%
^NDX
26.53%
3.01%
8.06%
27.04%
19.69%
17.44%
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Risk-Adjusted Performance
^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 3.04%, while NASDAQ 100 (^NDX) has a volatility of 5.35%. 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.