^GDAXI vs. BZ=F

Last updated Apr 3, 2026

Compare and contrast key facts about DAX Performance Index (^GDAXI) and Crude Oil Brent (BZ=F).

Performance

^GDAXI vs. BZ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in DAX Performance Index (^GDAXI) and Crude Oil Brent (BZ=F). The values are adjusted to include any dividend payments, if applicable.

^GDAXI vs. BZ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GDAXI DAX Performance Index	-5.40%	23.01%	18.85%	20.31%	-12.35%	15.79%	3.55%	25.48%	-18.26%	12.51%
BZ=F Crude Oil Brent	68.80%	-28.15%	3.28%	-13.01%	17.30%	61.39%	-27.98%	25.45%	-15.77%	3.22%

Different Trading Currencies

^GDAXI is traded in EUR, while BZ=F is traded in USD. To make them comparable, the BZ=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^GDAXI achieves a -5.40% return, which is significantly lower than BZ=F's 68.80% return. Over the past 10 years, ^GDAXI has underperformed BZ=F with an annualized return of 8.96%, while BZ=F has yielded a comparatively higher 10.21% annualized return.

^GDAXI

• 1D: -0.56%
• 1M: -2.62%
• YTD: -5.40%
• 6M: -5.14%
• 1Y: 3.47%
• 3Y*: 14.14%
• 5Y*: 8.93%
• 10Y*: 8.96%

BZ=F

• 1D: 0.00%
• 1M: 24.75%
• YTD: 68.80%
• 6M: 59.86%
• 1Y: 26.34%
• 3Y*: 3.92%
• 5Y*: 9.69%
• 10Y*: 10.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^GDAXI vs. BZ=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GDAXI

^GDAXI Risk / Return Rank: 25
^GDAXI Sharpe Ratio Rank: 22
^GDAXI Sortino Ratio Rank: 20
^GDAXI Omega Ratio Rank: 21
^GDAXI Calmar Ratio Rank: 30
^GDAXI Martin Ratio Rank: 31

BZ=F

BZ=F Risk / Return Rank: 52
BZ=F Sharpe Ratio Rank: 46
BZ=F Sortino Ratio Rank: 45
BZ=F Omega Ratio Rank: 43
BZ=F Calmar Ratio Rank: 85
BZ=F Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^GDAXI vs. BZ=F - Risk-Adjusted Trends 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.

	^GDAXI	BZ=F	Difference
Sharpe ratio Return per unit of total volatility	0.20	0.53	-0.33
Sortino ratio Return per unit of downside risk	0.38	0.97	-0.59
Omega ratio Gain probability vs. loss probability	1.05	1.14	-0.09
Calmar ratio Return relative to maximum drawdown	0.54	2.05	-1.50
Martin ratio Return relative to average drawdown	1.91	3.53	-1.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GDAXI vs. BZ=F - Sharpe Ratio Comparison

The current ^GDAXI Sharpe Ratio is 0.20, which is lower than the BZ=F Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of ^GDAXI and BZ=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^GDAXI	BZ=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	0.53	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.25	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.25	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.07	+0.34

Correlation

The correlation between ^GDAXI and BZ=F is 0.18, 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.

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 -81.55%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and BZ=F.

Drawdown Indicators

	^GDAXI	BZ=F	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-86.77%	+14.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-23.58%	+11.31%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-53.96%	+27.56%
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	-77.60%	+38.82%
Current Drawdown Current decline from peak	-8.86%	-25.35%	+16.49%
Average Drawdown Average peak-to-trough decline	-14.75%	-41.03%	+26.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	13.39%	-9.89%

Volatility

^GDAXI vs. BZ=F - Volatility Comparison

The current volatility for DAX Performance Index (^GDAXI) is 6.64%, while Crude Oil Brent (BZ=F) has a volatility of 32.42%. 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.

Volatility by Period

	^GDAXI	BZ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	32.42%	-25.78%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	37.43%	-26.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	44.07%	-26.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	36.48%	-19.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	39.33%	-21.03%