^XBD vs. ^NDX
Compare and contrast key facts about NYSE Arca Securities Broker/Dealer Index (^XBD) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XBD or ^NDX.
Correlation
The correlation between ^XBD and ^NDX is 0.77, 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
^XBD vs. ^NDX - Performance Comparison
Key characteristics
^XBD:
1.53
^NDX:
0.44
^XBD:
2.10
^NDX:
0.77
^XBD:
1.31
^NDX:
1.11
^XBD:
1.69
^NDX:
0.47
^XBD:
6.53
^NDX:
1.56
^XBD:
6.14%
^NDX:
6.99%
^XBD:
26.57%
^NDX:
25.24%
^XBD:
-80.20%
^NDX:
-82.90%
^XBD:
-5.57%
^NDX:
-9.52%
Returns By Period
In the year-to-date period, ^XBD achieves a 8.05% return, which is significantly higher than ^NDX's -4.51% return. Both investments have delivered pretty close results over the past 10 years, with ^XBD having a 16.25% annualized return and ^NDX not far ahead at 16.32%.
^XBD
8.05%
23.74%
6.88%
40.25%
28.93%
16.25%
^NDX
-4.51%
17.40%
-4.92%
10.94%
16.88%
16.32%
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Risk-Adjusted Performance
^XBD vs. ^NDX — Risk-Adjusted Performance Rank
^XBD
^NDX
^XBD vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Securities Broker/Dealer Index (^XBD) 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
^XBD vs. ^NDX - Drawdown Comparison
The maximum ^XBD drawdown since its inception was -80.20%, roughly equal to the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^XBD and ^NDX. For additional features, visit the drawdowns tool.
Volatility
^XBD vs. ^NDX - Volatility Comparison
The current volatility for NYSE Arca Securities Broker/Dealer Index (^XBD) is 12.49%, while NASDAQ 100 (^NDX) has a volatility of 13.81%. This indicates that ^XBD 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.