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NDAQ vs. RKT: Nasdaq vs. Rocket Stock Comparison

How do Nasdaq (NDAQ) and Rocket (RKT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Nasdaq (NDAQ) and Rocket (RKT) both fall under the Financial Services industry group, but NDAQ is classified in Capital Markets while RKT is classified in Financial Services.

Nasdaq (NDAQ) has more than two decades of public-market history since July 1, 2002, whereas Rocket (RKT) listed on August 6, 2020 and has a much shorter record to draw on.

Company profile comparison for Nasdaq (NDAQ) and Rocket (RKT)
Profile ItemNDAQRKT
NameNasdaq, Inc. Common StockRocket Companies Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsFinancial Services
GICS Sub-IndustryFinancial Exchanges & DataCommercial & Residential Mortgage Finance
Market Capitalization59.88 billion USD42.74 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJuly 1, 2002August 6, 2020
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NDAQ
RKT
GSPC
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Nasdaq (NDAQ) vs. Rocket (RKT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Nasdaq (NDAQ) and Rocket (RKT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Nasdaq (NDAQ) and Rocket (RKT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
Total Return (1Y)26.55%-7.27%
Total Return (3Y, Annualized)30.18%26.30%
Total Return (5Y, Annualized)10.68%0.22%

Risk Profile

Drawdown History

NDAQ
RKT
GSPC
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Nasdaq (NDAQ) vs. Rocket (RKT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Nasdaq (NDAQ) and Rocket (RKT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Rocket (RKT) carries a highly aggressive beta of 2.19, indicating much higher sensitivity to broad-market moves, whereas Nasdaq (NDAQ) is closer to market-like at 0.94 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
Volatility (1Y, Annualized)28.74%58.88%
Beta (5Y)0.942.19
Max Drawdown (5Y)-32.57%-59.90%
Avg. Volume (3M)3.13M34.27M

Risk-Adjusted Performance

Risk-Return Positioning

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NDAQ and RKT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
Sharpe Ratio (1Y)0.77-0.20
Sortino Ratio (1Y)1.09-0.29

Profitability

ROE (TTM)

Both Nasdaq (NDAQ) at 17.33% and Rocket (RKT) at 7.86% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

NDAQ

Financial Services industry group

17.33%

Max
44.78%
Q3
21.85%
NDAQ
17.33%
Median
12.91%
Q1
4.48%
Min
-18.71%

RKT

Financial Services industry group

7.86%

Max
44.78%
Q3
21.85%
Median
12.91%
RKT
7.86%
Q1
4.48%
Min
-18.71%
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Nasdaq (NDAQ) at 36.06% retains a top-quartile share of revenue as profit, ahead of Rocket (RKT) at 11.02%, which keeps about the industry-typical share.

NDAQ

Financial Services industry group

36.06%

Max
62.84%
NDAQ
36.06%
Q3
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%

RKT

Financial Services industry group

11.02%

Max
62.84%
Q3
28.05%
Median
15.36%
RKT
11.02%
Q1
4.82%
Min
-28.52%
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Nasdaq (NDAQ) at 50.57% and Rocket (RKT) at 43.54% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NDAQ

Financial Services industry group

50.57%

Max
107.33%
Q3
55.90%
NDAQ
50.57%
Median
30.09%
Q1
14.60%
Min
-44.34%

RKT

Financial Services industry group

43.54%

Max
107.33%
Q3
55.90%
RKT
43.54%
Median
30.09%
Q1
14.60%
Min
-44.34%
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
ROE (TTM)17.33%7.86%
ROA (TTM)6.10%4.45%
Net Margin (TTM)36.06%11.02%
Operating Margin (TTM)50.57%43.54%
Gross Margin (TTM)----

Growth

Revenue Growth

Rocket (RKT) at 26.87% sits in the top revenue growth quartile, while Nasdaq (NDAQ) at 11.65% is closer to the peer norm — faster top-line expansion for RKT.

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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Nasdaq (NDAQ) at 60.10% sits in the top EPS growth quartile, while Rocket (RKT) at -123.81% is in the bottom quartile, showing a clear gap in earnings momentum.

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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
Revenue Growth (YoY)11.65%26.87%
Revenue Growth (3Y CAGR)9.89%3.25%
EPS Growth (YoY)60.10%-123.81%
EPS Growth (3Y CAGR)10.99%--

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Nasdaq (NDAQ) in Financial Services and Rocket (RKT) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Nasdaq (NDAQ) in Financial Services and Rocket (RKT) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Rocket (RKT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nasdaq (NDAQ) reports a yield of 1.09%, ranking against industry peers normally.

NDAQ

Financial Services industry group

1.09%

Max
9.77%
Q3
3.92%
Median
1.09%
NDAQ
1.09%
Q1
0.00%
Min
0.00%

RKT

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
RKT
0.00%
Q1
0.00%
Min
0.00%
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Rocket (RKT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nasdaq (NDAQ) reports a payout of 31.69%, ranking against industry peers normally.

NDAQ

Financial Services industry group

31.69%

Max
241.07%
Q3
97.36%
NDAQ
31.69%
Median
25.77%
Q1
0.00%
Min
0.00%

RKT

Financial Services industry group

0.00%

Max
241.07%
Q3
97.36%
Median
25.77%
RKT
0.00%
Q1
0.00%
Min
0.00%
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
Dividend Yield (TTM)1.09%0.00%
Dividend Payout Ratio (TTM)31.69%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Nasdaq (NDAQ) trades at 29.27 times trailing earnings, ranked against its peers, while Rocket (RKT) has no P/E ratio this period.

NDAQ

Financial Services industry group

29.27

Max
45.85
NDAQ
29.27
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16

RKT

Financial Services industry group

--

Max
45.85
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
RKT
--
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Nasdaq (NDAQ) vs. Rocket (RKT): RKT does not report P/E ratio, so it has no value marker; NDAQ is benchmarked against the Financial Services industry group.

P/S Ratio (TTM)

Rocket (RKT) at 3.61 prices around its industry’s typical P/S ratio, while Nasdaq (NDAQ) at 10.36 clears its benchmark range — NDAQ looks notably rich on sales.

NDAQ

Financial Services industry group

10.36

NDAQ
10.36
Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55

RKT

Financial Services industry group

3.61

Max
9.23
Q3
4.57
RKT
3.61
Median
2.72
Q1
1.28
Min
-0.55
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Rocket (RKT) at 1.76 is valued about in line with its industry on P/B ratio, while Nasdaq (NDAQ) at 4.99 carries an above-peer premium to book — NDAQ is pricier on assets.

NDAQ

Financial Services industry group

4.99

Max
7.79
NDAQ
4.99
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39

RKT

Financial Services industry group

1.76

Max
7.79
Q3
3.63
RKT
1.76
Median
1.57
Q1
0.81
Min
-0.39
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Nasdaq (NDAQ) vs. Rocket (RKT): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Nasdaq (NDAQ) and Rocket (RKT)
MetricNDAQRKT
P/E Ratio (TTM)29.27--
P/S Ratio (TTM)10.363.61
P/B Ratio (MRQ)4.991.76
Free Cash Flow Yield (TTM)----