^XBD vs. ^DJI
^XBD (NYSE Arca Securities Broker/Dealer Index) and ^DJI (Dow Jones Industrial Average) are both indexes. Over the past 10 years, ^XBD returned 22.66%/yr vs 11.50%/yr for ^DJI. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
^XBD vs. ^DJI - Performance Comparison
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Returns By Period
In the year-to-date period, ^XBD achieves a 12.49% return, which is significantly higher than ^DJI's 7.50% return. Over the past 10 years, ^XBD has outperformed ^DJI with an annualized return of 22.66%, while ^DJI has yielded a comparatively lower 11.50% annualized return.
^XBD
- 1D
- -0.75%
- 1M
- 8.09%
- YTD
- 12.49%
- 6M
- 9.60%
- 1Y
- 23.55%
- 3Y*
- 35.76%
- 5Y*
- 19.54%
- 10Y*
- 22.66%
^DJI
- 1D
- -0.09%
- 1M
- 2.15%
- YTD
- 7.50%
- 6M
- 6.66%
- 1Y
- 21.34%
- 3Y*
- 15.28%
- 5Y*
- 8.60%
- 10Y*
- 11.50%
^XBD vs. ^DJI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XBD NYSE Arca Securities Broker/Dealer Index | 12.49% | 27.31% | 44.51% | 24.08% | -7.75% | 28.94% | 30.03% | 22.35% | -10.52% | 29.21% |
^DJI Dow Jones Industrial Average | 7.50% | 12.97% | 12.88% | 13.70% | -8.78% | 18.73% | 7.25% | 22.34% | -5.63% | 25.08% |
Correlation
The correlation between ^XBD and ^DJI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 1994 | 0.73 |
The correlation between ^XBD and ^DJI has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
^XBD vs. ^DJI — Risk / Return Rank
^XBD
^DJI
^XBD vs. ^DJI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Securities Broker/Dealer Index (^XBD) and Dow Jones Industrial Average (^DJI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^XBD | ^DJI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.14 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.02 | 8.12 | -3.11 |
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Drawdowns
^XBD vs. ^DJI - Drawdown Comparison
The maximum ^XBD drawdown since its inception was -80.20%, which is greater than ^DJI's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for ^XBD and ^DJI.
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Drawdown Indicators
| ^XBD | ^DJI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.20% | -53.78% | -26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -10.01% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.69% | -16.37% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.98% | -21.94% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -41.25% | -37.09% | -4.16% |
Current DrawdownCurrent decline from peak | -0.75% | -0.64% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -22.28% | -8.02% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.63% | +2.08% |
Volatility
^XBD vs. ^DJI - Volatility Comparison
NYSE Arca Securities Broker/Dealer Index (^XBD) has a higher volatility of 5.86% compared to Dow Jones Industrial Average (^DJI) at 4.22%. This indicates that ^XBD's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^XBD | ^DJI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 4.22% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.59% | 9.85% | +6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.08% | 12.48% | +8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 14.87% | +8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.39% | 17.61% | +6.78% |
Frequently Asked Questions
^XBD and ^DJI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^XBD has higher volatility (5.86%) compared to ^DJI (4.22%). In terms of maximum drawdown, ^XBD dropped -80.20% vs ^DJI's -53.78%.
^DJI currently has the higher Sharpe Ratio (1.72 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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