^XNG vs. XBIT
^XNG (NYSE Arca Natural Gas Index) is an index, while XBIT (XBiotech Inc.) is a stock. Over the past 10 years, ^XNG returned 3.97%/yr vs -17.31%/yr for XBIT. At a 0.16 correlation, their price movements are largely independent.
Performance
^XNG vs. XBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ^XNG achieves a 16.47% return, which is significantly higher than XBIT's -2.09% return. Over the past 10 years, ^XNG has outperformed XBIT with an annualized return of 3.97%, while XBIT has yielded a comparatively lower -17.31% annualized return.
^XNG
- 1D
- -0.69%
- 1M
- -5.82%
- YTD
- 16.47%
- 6M
- 16.91%
- 1Y
- 17.79%
- 3Y*
- 16.81%
- 5Y*
- 15.00%
- 10Y*
- 3.97%
XBIT
- 1D
- 0.43%
- 1M
- -3.70%
- YTD
- -2.09%
- 6M
- -5.65%
- 1Y
- -12.36%
- 3Y*
- -27.10%
- 5Y*
- -30.81%
- 10Y*
- -17.31%
^XNG vs. XBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XNG NYSE Arca Natural Gas Index | 16.47% | 9.44% | 16.55% | 2.82% | 22.57% | 54.17% | -17.49% | -3.37% | -32.78% | -15.65% |
XBIT XBiotech Inc. | -2.09% | -39.49% | -1.25% | 13.96% | -68.46% | -17.46% | -16.15% | 267.42% | 28.93% | -61.07% |
Correlation
The correlation between ^XNG and XBIT is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.16 |
The correlation between ^XNG and XBIT shifts across timeframes, from 0.06 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
^XNG vs. XBIT — Risk / Return Rank
^XNG
XBIT
^XNG vs. XBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Natural Gas Index (^XNG) and XBiotech Inc. (XBIT). 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.
| ^XNG | XBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.31 | +1.83 |
| Martin ratioReturn relative to average drawdown | 4.32 | -0.46 | +4.78 |
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Drawdowns
^XNG vs. XBIT - Drawdown Comparison
The maximum ^XNG drawdown since its inception was -84.52%, smaller than the maximum XBIT drawdown of -92.67%. Use the drawdown chart below to compare losses from any high point for ^XNG and XBIT.
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Drawdown Indicators
| ^XNG | XBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.52% | -92.67% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.79% | -39.43% | +27.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.10% | -78.56% | +64.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | -87.21% | +61.94% |
Max Drawdown (10Y)Largest decline over 10 years | -77.64% | -90.72% | +13.08% |
Current DrawdownCurrent decline from peak | -14.97% | -91.38% | +76.41% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -70.18% | +42.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 26.90% | -22.77% |
Volatility
^XNG vs. XBIT - Volatility Comparison
NYSE Arca Natural Gas Index (^XNG) has a higher volatility of 5.35% compared to XBiotech Inc. (XBIT) at 4.59%. This indicates that ^XNG's price experiences larger fluctuations and is considered to be riskier than XBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^XNG | XBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 4.59% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 21.86% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 50.87% | -35.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 64.04% | -42.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 75.09% | -46.31% |
Frequently Asked Questions
^XNG and XBIT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^XNG has higher volatility (5.35%) compared to XBIT (4.59%). In terms of maximum drawdown, ^XNG dropped -84.52% vs XBIT's -92.67%.
^XNG currently has the higher Sharpe Ratio (1.13 vs -0.24), 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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