^XCMP vs. CIFR
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and Cipher Mining Inc. (CIFR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or CIFR.
Key characteristics
| ^XCMP | CIFR | |
|---|---|---|
| YTD Return | 17.69% | -29.78% |
| 1Y Return | 29.46% | 5.45% |
| 3Y Return (Ann) | 6.09% | -40.28% |
| Sharpe Ratio | 1.89 | 0.01 |
| Daily Std Dev | 17.47% | 117.14% |
| Max Drawdown | -35.83% | -97.16% |
| Current Drawdown | -5.62% | -80.03% |
Correlation
The correlation between ^XCMP and CIFR is 0.37, 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
^XCMP vs. CIFR - Performance Comparison
In the year-to-date period, ^XCMP achieves a 17.69% return, which is significantly higher than CIFR's -29.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^XCMP vs. CIFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and Cipher Mining Inc. (CIFR). 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
^XCMP vs. CIFR - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for ^XCMP and CIFR. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. CIFR - Volatility Comparison
The current volatility for NASDAQ Composite Total Return Index (^XCMP) is 6.04%, while Cipher Mining Inc. (CIFR) has a volatility of 21.47%. This indicates that ^XCMP experiences smaller price fluctuations and is considered to be less risky than CIFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.