BWLP vs. ^GDAXI
BWLP (BW LPG Limited) is a stock, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, BWLP returned 69.78%/yr vs 10.49%/yr for ^GDAXI. At a 0.06 correlation, their price movements are largely independent.
Performance
BWLP vs. ^GDAXI - Performance Comparison
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Different Trading Currencies
BWLP is traded in USD, while ^GDAXI is traded in EUR. To make them comparable, the ^GDAXI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BWLP achieves a 60.90% return, which is significantly higher than ^GDAXI's -0.14% return. Over the past 10 years, BWLP has outperformed ^GDAXI with an annualized return of 69.78%, while ^GDAXI has yielded a comparatively lower 10.49% annualized return.
BWLP
- 1D
- 0.79%
- 1M
- -8.14%
- YTD
- 60.90%
- 6M
- 67.02%
- 1Y
- 85.40%
- 3Y*
- 57.70%
- 5Y*
- 125.69%
- 10Y*
- 69.78%
^GDAXI
- 1D
- 0.00%
- 1M
- -0.50%
- YTD
- -0.14%
- 6M
- 0.09%
- 1Y
- 6.66%
- 3Y*
- 18.56%
- 5Y*
- 9.09%
- 10Y*
- 10.49%
BWLP vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWLP BW LPG Limited | 60.90% | 29.04% | 0.32% | 770.27% | 272.29% | 3.97% | 1.05% | 121.88% | 7.61% | -0.95% |
^GDAXI DAX Performance Index | -0.14% | 38.87% | 12.05% | 24.11% | -17.17% | 6.66% | 13.66% | 22.83% | -22.10% | 28.42% |
Correlation
The correlation between BWLP and ^GDAXI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014 | 0.06 |
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Return for Risk
BWLP vs. ^GDAXI — Risk / Return Rank
BWLP
^GDAXI
BWLP vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BW LPG Limited (BWLP) and DAX Performance Index (^GDAXI). 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.
| BWLP | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.08 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 0.46 | +2.84 |
| Martin ratioReturn relative to average drawdown | 7.18 | 1.44 | +5.75 |
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Drawdowns
BWLP vs. ^GDAXI - Drawdown Comparison
The maximum BWLP drawdown since its inception was -68.80%, which is greater than ^GDAXI's maximum drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for BWLP and ^GDAXI.
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Drawdown Indicators
| BWLP | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.80% | -60.99% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -14.36% | -11.68% |
Max Drawdown (3Y)Largest decline over 3 years | -54.28% | -15.86% | -38.42% |
Max Drawdown (5Y)Largest decline over 5 years | -54.28% | -38.41% | -15.87% |
Max Drawdown (10Y)Largest decline over 10 years | -68.80% | -44.80% | -24.00% |
Current DrawdownCurrent decline from peak | -11.42% | -4.15% | -7.27% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -14.87% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 4.63% | +7.30% |
Volatility
BWLP vs. ^GDAXI - Volatility Comparison
BW LPG Limited (BWLP) has a higher volatility of 13.61% compared to DAX Performance Index (^GDAXI) at 3.76%. This indicates that BWLP's price experiences larger fluctuations and is considered to be riskier than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWLP | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.61% | 3.76% | +9.85% |
Volatility (6M)Calculated over the trailing 6-month period | 29.87% | 14.56% | +15.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.22% | 17.48% | +20.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.18% | 20.27% | +86.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.51% | 20.25% | +69.26% |
Frequently Asked Questions
BWLP and ^GDAXI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWLP has higher volatility (13.61%) compared to ^GDAXI (3.76%). In terms of maximum drawdown, BWLP dropped -68.80% vs ^GDAXI's -60.99%.
BWLP currently has the higher Sharpe Ratio (2.25 vs 0.38), 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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