^XOI vs. BKR
^XOI (Amex Oil Index) is an index, while BKR (Baker Hughes Company) is a stock. Over the past 5 years, ^XOI returned 19.69%/yr vs 24.56%/yr for BKR. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
^XOI vs. BKR - Performance Comparison
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Returns By Period
In the year-to-date period, ^XOI achieves a 40.13% return, which is significantly higher than BKR's 27.52% return.
^XOI
- 1D
- 4.21%
- 1M
- 2.66%
- 6M
- 35.72%
- YTD
- 40.13%
- 1Y
- 36.00%
- 3Y*
- 15.55%
- 5Y*
- 19.69%
- 10Y*
- 8.50%
BKR
- 1D
- 0.17%
- 1M
- -8.68%
- 6M
- 21.11%
- YTD
- 27.52%
- 1Y
- 44.12%
- 3Y*
- 21.45%
- 5Y*
- 24.56%
- 10Y*
- —
^XOI vs. BKR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XOI Amex Oil Index | 40.13% | 5.29% | -5.31% | 4.21% | 51.69% | 48.67% | -37.63% | 9.62% | -13.21% | 18.17% |
BKR Baker Hughes Company | 27.52% | 13.39% | 23.11% | 18.58% | 25.96% | 19.03% | -15.15% | 23.01% | -30.43% | -21.62% |
Correlation
The correlation between ^XOI and BKR is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.67 |
The correlation between ^XOI and BKR shifts across timeframes, from 0.50 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
^XOI vs. BKR — Risk / Return Rank
^XOI
BKR
^XOI vs. BKR - Risk-Adjusted Trends 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.
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.
| ^XOI | BKR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.85 | +0.85 |
| Martin ratioReturn relative to average drawdown | 6.73 | 5.93 | +0.80 |
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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 -75.38%. Use the drawdown chart below to compare losses from any high point for ^XOI and BKR.
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Drawdown Indicators
| ^XOI | BKR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.79% | -75.38% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -23.99% | +10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -32.99% | -28.00% | -4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.99% | -46.53% | +13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -70.65% | — | — |
Current DrawdownCurrent decline from peak | -3.87% | -16.96% | +13.09% |
Average DrawdownAverage peak-to-trough decline | -15.20% | -24.60% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 7.48% | -2.06% |
Volatility
^XOI vs. BKR - Volatility Comparison
The current volatility for Amex Oil Index (^XOI) is 8.60%, while Baker Hughes Company (BKR) has a volatility of 9.55%. 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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Volatility by Period
| ^XOI | BKR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.60% | 9.55% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 20.03% | 25.35% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 33.86% | -9.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.65% | 34.91% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.99% | 40.16% | -9.17% |
Frequently Asked Questions
^XOI and BKR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKR has higher volatility (9.55%) compared to ^XOI (8.60%). In terms of maximum drawdown, ^XOI dropped -72.79% vs BKR's -75.38%.
^XOI currently has the higher Sharpe Ratio (1.47 vs 1.31), 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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