^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.
Correlation
The correlation between ^XCMP and CIFR is 0.40, 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
Key characteristics
^XCMP:
1.86
CIFR:
0.41
^XCMP:
2.43
CIFR:
1.56
^XCMP:
1.34
CIFR:
1.17
^XCMP:
2.49
CIFR:
0.59
^XCMP:
8.85
CIFR:
1.57
^XCMP:
3.70%
CIFR:
31.54%
^XCMP:
17.55%
CIFR:
121.01%
^XCMP:
-35.83%
CIFR:
-97.16%
^XCMP:
-2.98%
CIFR:
-60.54%
Returns By Period
In the year-to-date period, ^XCMP achieves a 31.30% return, which is significantly lower than CIFR's 38.74% return.
^XCMP
31.30%
3.28%
11.03%
31.74%
17.79%
16.24%
CIFR
38.74%
-11.98%
25.66%
41.48%
N/A
N/A
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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 5.05%, while Cipher Mining Inc. (CIFR) has a volatility of 39.27%. 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.