Correlation
The correlation between BWLP and ^GDAXI is 0.07, 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.
BWLP vs. ^GDAXI
Compare and contrast key facts about BW LPG Limited (BWLP) and DAX Performance Index (^GDAXI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWLP or ^GDAXI.
Performance
BWLP vs. ^GDAXI - Performance Comparison
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Key characteristics
BWLP:
-0.82
^GDAXI:
1.66
BWLP:
-0.57
^GDAXI:
2.24
BWLP:
0.93
^GDAXI:
1.30
BWLP:
-0.55
^GDAXI:
1.86
BWLP:
-0.87
^GDAXI:
8.91
BWLP:
34.46%
^GDAXI:
3.34%
BWLP:
53.99%
^GDAXI:
17.82%
BWLP:
-68.80%
^GDAXI:
-72.68%
BWLP:
-42.31%
^GDAXI:
-0.95%
Returns By Period
In the year-to-date period, BWLP achieves a -1.73% return, which is significantly lower than ^GDAXI's 20.53% return. Over the past 10 years, BWLP has outperformed ^GDAXI with an annualized return of 20.97%, while ^GDAXI has yielded a comparatively lower 7.79% annualized return.
BWLP
-1.73%
6.33%
-5.71%
-42.31%
35.02%
49.65%
20.97%
^GDAXI
20.53%
6.67%
22.27%
29.73%
18.59%
15.68%
7.79%
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Risk-Adjusted Performance
BWLP vs. ^GDAXI — Risk-Adjusted Performance Rank
BWLP
^GDAXI
BWLP vs. ^GDAXI - Risk-Adjusted Performance 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.
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Drawdowns
BWLP vs. ^GDAXI - Drawdown Comparison
The maximum BWLP drawdown since its inception was -68.80%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for BWLP and ^GDAXI.
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Volatility
BWLP vs. ^GDAXI - Volatility Comparison
BW LPG Limited (BWLP) has a higher volatility of 14.57% compared to DAX Performance Index (^GDAXI) at 4.19%. 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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