^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.
Correlation
The correlation between ^GDAXI and BZ=F is 0.14, 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
Key characteristics
^GDAXI:
2.19
BZ=F:
-0.23
^GDAXI:
2.99
BZ=F:
-0.15
^GDAXI:
1.38
BZ=F:
0.98
^GDAXI:
3.27
BZ=F:
-0.11
^GDAXI:
11.94
BZ=F:
-0.39
^GDAXI:
2.22%
BZ=F:
14.30%
^GDAXI:
12.09%
BZ=F:
24.06%
^GDAXI:
-72.68%
BZ=F:
-86.77%
^GDAXI:
0.00%
BZ=F:
-45.69%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 5.69% return, which is significantly lower than BZ=F's 6.30% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 7.00%, while BZ=F has yielded a comparatively lower 4.79% annualized return.
^GDAXI
5.69%
5.82%
13.39%
26.13%
9.36%
7.00%
BZ=F
6.30%
8.77%
-2.06%
-0.90%
4.76%
4.79%
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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.
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 3.90%, while Crude Oil Brent (BZ=F) has a volatility of 5.89%. 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.