^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.
Key characteristics
| ^GDAXI | BZ=F | |
|---|---|---|
| YTD Return | 11.63% | -7.05% |
| 1Y Return | 18.31% | -23.58% |
| 3Y Return (Ann) | 5.85% | -0.86% |
| 5Y Return (Ann) | 8.35% | 3.37% |
| 10Y Return (Ann) | 6.82% | -3.09% |
| Sharpe Ratio | 1.65 | -0.70 |
| Daily Std Dev | 11.72% | 26.58% |
| Max Drawdown | -72.68% | -86.77% |
| Current Drawdown | -1.22% | -50.98% |
Correlation
The correlation between ^GDAXI and BZ=F is 0.15, 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.
Performance
^GDAXI vs. BZ=F - Performance Comparison
In the year-to-date period, ^GDAXI achieves a 11.63% return, which is significantly higher than BZ=F's -7.05% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 6.82%, while BZ=F has yielded a comparatively lower -3.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^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.
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. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. BZ=F - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 3.67%, while Crude Oil Brent (BZ=F) has a volatility of 10.16%. 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.