^XOI vs. BKR
Compare and contrast key facts about Amex Oil Index (^XOI) and Baker Hughes Company (BKR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XOI or BKR.
Correlation
The correlation between ^XOI and BKR is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^XOI vs. BKR - Performance Comparison
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Key characteristics
^XOI:
-0.56
BKR:
0.48
^XOI:
-0.64
BKR:
0.93
^XOI:
0.91
BKR:
1.13
^XOI:
-0.49
BKR:
0.66
^XOI:
-1.28
BKR:
1.78
^XOI:
12.56%
BKR:
10.40%
^XOI:
27.49%
BKR:
36.09%
^XOI:
-72.79%
BKR:
-73.51%
^XOI:
-21.82%
BKR:
-21.77%
Returns By Period
In the year-to-date period, ^XOI achieves a 0.21% return, which is significantly higher than BKR's -6.84% return.
^XOI
0.21%
8.97%
-8.82%
-16.73%
17.92%
2.53%
BKR
-6.84%
-2.27%
-11.01%
15.55%
24.94%
N/A
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Risk-Adjusted Performance
^XOI vs. BKR — Risk-Adjusted Performance Rank
^XOI
BKR
^XOI vs. BKR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amex Oil Index (^XOI) and Baker Hughes Company (BKR). 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.
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Drawdowns
^XOI vs. BKR - Drawdown Comparison
The maximum ^XOI drawdown since its inception was -72.79%, roughly equal to the maximum BKR drawdown of -73.51%. Use the drawdown chart below to compare losses from any high point for ^XOI and BKR. For additional features, visit the drawdowns tool.
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Volatility
^XOI vs. BKR - Volatility Comparison
The current volatility for Amex Oil Index (^XOI) is 7.21%, while Baker Hughes Company (BKR) has a volatility of 9.67%. This indicates that ^XOI experiences smaller price fluctuations and is considered to be less risky than BKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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