Correlation
The correlation between ^XCMP and ^NQROBO is 0.81, 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. ^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.
Performance
^XCMP vs. ^NQROBO - Performance Comparison
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Key characteristics
^XCMP:
0.49
^NQROBO:
0.10
^XCMP:
0.84
^NQROBO:
0.41
^XCMP:
1.12
^NQROBO:
1.05
^XCMP:
0.51
^NQROBO:
0.11
^XCMP:
1.67
^NQROBO:
0.49
^XCMP:
7.38%
^NQROBO:
8.60%
^XCMP:
25.99%
^NQROBO:
23.90%
^XCMP:
-35.83%
^NQROBO:
-44.12%
^XCMP:
-6.84%
^NQROBO:
-25.05%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than ^NQROBO's -2.01% return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
^NQROBO
-2.01%
8.18%
-5.53%
2.67%
4.14%
5.72%
N/A
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Risk-Adjusted Performance
^XCMP vs. ^NQROBO — Risk-Adjusted Performance Rank
^XCMP
^NQROBO
^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.
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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.
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Volatility
^XCMP vs. ^NQROBO - Volatility Comparison
The current volatility for NASDAQ Composite Total Return Index (^XCMP) is 5.56%, while Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) has a volatility of 6.84%. 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.
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