^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:
1.35
BZ=F:
-0.69
^IXIC:
1.83
BZ=F:
-0.84
^IXIC:
1.25
BZ=F:
0.90
^IXIC:
1.89
BZ=F:
-0.32
^IXIC:
6.74
BZ=F:
-1.17
^IXIC:
3.69%
BZ=F:
14.53%
^IXIC:
18.52%
BZ=F:
23.78%
^IXIC:
-77.93%
BZ=F:
-86.77%
^IXIC:
-3.22%
BZ=F:
-49.05%
Returns By Period
In the year-to-date period, ^IXIC achieves a 1.10% return, which is significantly higher than BZ=F's -0.28% return. Over the past 10 years, ^IXIC has outperformed BZ=F with an annualized return of 14.70%, while BZ=F has yielded a comparatively lower 2.32% annualized return.
^IXIC
1.10%
-2.43%
9.21%
21.71%
15.35%
14.70%
BZ=F
-0.28%
-4.76%
-5.81%
-11.04%
4.66%
2.32%
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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
NASDAQ Composite (^IXIC) and Crude Oil Brent (BZ=F) have volatilities of 5.43% and 5.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.