Correlation
The correlation between ^XCMP and ^SP500TR is 0.93, 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. ^SP500TR
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or ^SP500TR.
Performance
^XCMP vs. ^SP500TR - Performance Comparison
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Key characteristics
^XCMP:
0.49
^SP500TR:
0.60
^XCMP:
0.84
^SP500TR:
0.88
^XCMP:
1.12
^SP500TR:
1.13
^XCMP:
0.51
^SP500TR:
0.56
^XCMP:
1.67
^SP500TR:
2.15
^XCMP:
7.38%
^SP500TR:
4.91%
^XCMP:
25.99%
^SP500TR:
19.70%
^XCMP:
-35.83%
^SP500TR:
-55.25%
^XCMP:
-6.84%
^SP500TR:
-5.21%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than ^SP500TR's -0.82% return. Over the past 10 years, ^XCMP has outperformed ^SP500TR with an annualized return of 15.13%, while ^SP500TR has yielded a comparatively lower 12.67% annualized return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
^SP500TR
-0.82%
5.93%
-2.14%
10.86%
15.52%
16.20%
12.67%
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Risk-Adjusted Performance
^XCMP vs. ^SP500TR — Risk-Adjusted Performance Rank
^XCMP
^SP500TR
^XCMP vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and S&P 500 Total Return (^SP500TR). 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. ^SP500TR - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ^XCMP and ^SP500TR.
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Volatility
^XCMP vs. ^SP500TR - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.56% compared to S&P 500 Total Return (^SP500TR) at 4.37%. This indicates that ^XCMP's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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