BANDHANBNK.NS vs. DAX
Compare and contrast key facts about Bandhan Bank Limited (BANDHANBNK.NS) and Global X DAX Germany ETF (DAX).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BANDHANBNK.NS or DAX.
Key characteristics
| BANDHANBNK.NS | DAX | |
|---|---|---|
| YTD Return | -25.60% | 9.77% |
| 1Y Return | -25.79% | 16.22% |
| 3Y Return (Ann) | -14.14% | 2.01% |
| 5Y Return (Ann) | -20.47% | 7.77% |
| Sharpe Ratio | -0.76 | 1.19 |
| Daily Std Dev | 30.13% | 14.55% |
| Max Drawdown | -78.67% | -45.58% |
| Current Drawdown | -75.00% | -1.07% |
Correlation
The correlation between BANDHANBNK.NS and DAX is 0.12, 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
BANDHANBNK.NS vs. DAX - Performance Comparison
In the year-to-date period, BANDHANBNK.NS achieves a -25.60% return, which is significantly lower than DAX's 9.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BANDHANBNK.NS vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bandhan Bank Limited (BANDHANBNK.NS) and Global X DAX Germany ETF (DAX). 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.
Dividends
BANDHANBNK.NS vs. DAX - Dividend Comparison
BANDHANBNK.NS's dividend yield for the trailing twelve months is around 0.84%, less than DAX's 2.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BANDHANBNK.NS Bandhan Bank Limited | 0.84% | 0.62% | 0.00% | 0.40% | 0.00% | 0.59% | 0.18% | 0.00% | 0.00% | 0.00% |
DAX Global X DAX Germany ETF | 2.26% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Drawdowns
BANDHANBNK.NS vs. DAX - Drawdown Comparison
The maximum BANDHANBNK.NS drawdown since its inception was -78.67%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for BANDHANBNK.NS and DAX. For additional features, visit the drawdowns tool.
Volatility
BANDHANBNK.NS vs. DAX - Volatility Comparison
Bandhan Bank Limited (BANDHANBNK.NS) has a higher volatility of 9.01% compared to Global X DAX Germany ETF (DAX) at 4.01%. This indicates that BANDHANBNK.NS's price experiences larger fluctuations and is considered to be riskier than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.