^XCMP vs. ^NQROBO
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or ^NQROBO.
Correlation
The correlation between ^XCMP and ^NQROBO is 0.83, 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
^XCMP vs. ^NQROBO - Performance Comparison
Key characteristics
^XCMP:
1.86
^NQROBO:
-0.06
^XCMP:
2.43
^NQROBO:
0.05
^XCMP:
1.34
^NQROBO:
1.01
^XCMP:
2.49
^NQROBO:
-0.03
^XCMP:
8.85
^NQROBO:
-0.17
^XCMP:
3.70%
^NQROBO:
6.62%
^XCMP:
17.55%
^NQROBO:
18.80%
^XCMP:
-35.83%
^NQROBO:
-44.12%
^XCMP:
-2.98%
^NQROBO:
-22.91%
Returns By Period
In the year-to-date period, ^XCMP achieves a 31.30% return, which is significantly higher than ^NQROBO's -0.01% return.
^XCMP
31.30%
3.28%
11.03%
31.74%
17.79%
16.24%
^NQROBO
-0.01%
-0.12%
8.25%
0.50%
5.77%
N/A
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Risk-Adjusted Performance
^XCMP vs. ^NQROBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO). 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. ^NQROBO - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum ^NQROBO drawdown of -44.12%. Use the drawdown chart below to compare losses from any high point for ^XCMP and ^NQROBO. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. ^NQROBO - Volatility Comparison
The current volatility for NASDAQ Composite Total Return Index (^XCMP) is 5.06%, while Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) has a volatility of 5.90%. This indicates that ^XCMP experiences smaller price fluctuations and is considered to be less risky than ^NQROBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.