Correlation
The correlation between ^XCMP and ^NDX is 0.91, 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.
^XCMP vs. ^NDX
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or ^NDX.
Performance
^XCMP vs. ^NDX - Performance Comparison
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Key characteristics
^XCMP:
0.49
^NDX:
0.48
^XCMP:
0.84
^NDX:
0.82
^XCMP:
1.12
^NDX:
1.11
^XCMP:
0.51
^NDX:
0.51
^XCMP:
1.67
^NDX:
1.66
^XCMP:
7.38%
^NDX:
7.07%
^XCMP:
25.99%
^NDX:
25.61%
^XCMP:
-35.83%
^NDX:
-82.90%
^XCMP:
-6.84%
^NDX:
-5.68%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than ^NDX's -0.46% return. Over the past 10 years, ^XCMP has underperformed ^NDX with an annualized return of 15.13%, while ^NDX has yielded a comparatively higher 16.68% annualized return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
^NDX
-0.46%
8.85%
0.67%
11.20%
21.12%
17.31%
16.68%
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Risk-Adjusted Performance
^XCMP vs. ^NDX — Risk-Adjusted Performance Rank
^XCMP
^NDX
^XCMP vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) 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.
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Drawdowns
^XCMP vs. ^NDX - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ^XCMP and ^NDX.
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Volatility
^XCMP vs. ^NDX - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.56% compared to NASDAQ 100 (^NDX) at 5.19%. This indicates that ^XCMP'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.
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