Correlation
The correlation between ^GDAXI and BZ=F is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^GDAXI vs. BZ=F
Compare and contrast key facts about DAX Performance Index (^GDAXI) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or BZ=F.
Performance
^GDAXI vs. BZ=F - Performance Comparison
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Key characteristics
^GDAXI:
1.66
BZ=F:
-0.80
^GDAXI:
2.24
BZ=F:
-1.06
^GDAXI:
1.30
BZ=F:
0.88
^GDAXI:
1.86
BZ=F:
-0.40
^GDAXI:
8.91
BZ=F:
-1.42
^GDAXI:
3.34%
BZ=F:
16.48%
^GDAXI:
17.82%
BZ=F:
28.25%
^GDAXI:
-72.68%
BZ=F:
-86.77%
^GDAXI:
-0.95%
BZ=F:
-57.02%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 20.53% return, which is significantly higher than BZ=F's -15.89% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 7.79%, while BZ=F has yielded a comparatively lower -0.42% annualized return.
^GDAXI
20.53%
6.67%
22.27%
29.73%
18.59%
15.68%
7.79%
BZ=F
-15.89%
1.05%
-13.93%
-23.08%
-20.05%
12.19%
-0.42%
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Risk-Adjusted Performance
^GDAXI vs. BZ=F — Risk-Adjusted Performance Rank
^GDAXI
BZ=F
^GDAXI vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and Crude Oil Brent (BZ=F). 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
^GDAXI vs. BZ=F - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, smaller than the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and BZ=F.
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Volatility
^GDAXI vs. BZ=F - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 4.19%, while Crude Oil Brent (BZ=F) has a volatility of 7.00%. This indicates that ^GDAXI experiences smaller price fluctuations and is considered to be less risky than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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