^IXIC vs. BZ=F
Compare and contrast key facts about NASDAQ Composite (^IXIC) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IXIC or BZ=F.
Correlation
The correlation between ^IXIC and BZ=F is 0.10, 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
^IXIC vs. BZ=F - Performance Comparison
Key characteristics
^IXIC:
1.75
BZ=F:
-0.06
^IXIC:
2.31
BZ=F:
0.08
^IXIC:
1.31
BZ=F:
1.01
^IXIC:
2.44
BZ=F:
-0.03
^IXIC:
8.82
BZ=F:
-0.11
^IXIC:
3.64%
BZ=F:
14.22%
^IXIC:
18.34%
BZ=F:
24.14%
^IXIC:
-77.93%
BZ=F:
-86.77%
^IXIC:
-2.70%
BZ=F:
-44.69%
Returns By Period
In the year-to-date period, ^IXIC achieves a 1.65% return, which is significantly lower than BZ=F's 8.24% return. Over the past 10 years, ^IXIC has outperformed BZ=F with an annualized return of 15.49%, while BZ=F has yielded a comparatively lower 4.93% annualized return.
^IXIC
1.65%
1.33%
10.74%
28.21%
15.93%
15.49%
BZ=F
8.24%
10.85%
-2.23%
2.84%
4.14%
4.93%
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Risk-Adjusted Performance
^IXIC vs. BZ=F — Risk-Adjusted Performance Rank
^IXIC
BZ=F
^IXIC vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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
^IXIC vs. BZ=F - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, smaller than the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for ^IXIC and BZ=F. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. BZ=F - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 5.26%, while Crude Oil Brent (BZ=F) has a volatility of 5.67%. This indicates that ^IXIC 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.