Correlation
The correlation between ^XCMP and ADP is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^XCMP vs. ADP
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and Automatic Data Processing, Inc. (ADP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or ADP.
Performance
^XCMP vs. ADP - Performance Comparison
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Key characteristics
^XCMP:
0.49
ADP:
1.61
^XCMP:
0.84
ADP:
2.16
^XCMP:
1.12
ADP:
1.30
^XCMP:
0.51
ADP:
2.37
^XCMP:
1.67
ADP:
8.13
^XCMP:
7.38%
ADP:
3.70%
^XCMP:
25.99%
ADP:
19.06%
^XCMP:
-35.83%
ADP:
-59.50%
^XCMP:
-6.84%
ADP:
-0.58%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than ADP's 10.27% return. Over the past 10 years, ^XCMP has underperformed ADP with an annualized return of 15.13%, while ADP has yielded a comparatively higher 16.66% annualized return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
ADP
10.27%
9.01%
6.33%
31.78%
17.16%
21.47%
16.66%
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Risk-Adjusted Performance
^XCMP vs. ADP — Risk-Adjusted Performance Rank
^XCMP
ADP
^XCMP vs. ADP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and Automatic Data Processing, Inc. (ADP). 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
^XCMP vs. ADP - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum ADP drawdown of -59.50%. Use the drawdown chart below to compare losses from any high point for ^XCMP and ADP.
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Volatility
^XCMP vs. ADP - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.56% compared to Automatic Data Processing, Inc. (ADP) at 3.59%. This indicates that ^XCMP's price experiences larger fluctuations and is considered to be riskier than ADP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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