^VXN vs. ^NDX
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VXN or ^NDX.
Correlation
The correlation between ^VXN and ^NDX is 0.89, 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
^VXN vs. ^NDX - Performance Comparison
Key characteristics
^VXN:
0.49
^NDX:
0.44
^VXN:
1.59
^NDX:
0.77
^VXN:
1.18
^NDX:
1.11
^VXN:
0.59
^NDX:
0.47
^VXN:
1.45
^NDX:
1.56
^VXN:
33.83%
^NDX:
6.99%
^VXN:
113.12%
^NDX:
25.24%
^VXN:
-87.21%
^NDX:
-82.90%
^VXN:
-67.80%
^NDX:
-9.52%
Returns By Period
In the year-to-date period, ^VXN achieves a 30.37% return, which is significantly higher than ^NDX's -4.51% return. Over the past 10 years, ^VXN has underperformed ^NDX with an annualized return of 5.25%, while ^NDX has yielded a comparatively higher 16.32% annualized return.
^VXN
30.37%
-34.35%
41.53%
54.58%
-3.24%
5.25%
^NDX
-4.51%
17.40%
-4.92%
10.94%
16.88%
16.32%
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Risk-Adjusted Performance
^VXN vs. ^NDX — Risk-Adjusted Performance Rank
^VXN
^NDX
^VXN vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) 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
^VXN vs. ^NDX - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.21%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^VXN and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^VXN vs. ^NDX - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) has a higher volatility of 38.15% compared to NASDAQ 100 (^NDX) at 13.81%. This indicates that ^VXN's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.