BZ=F vs. ^IXIC
Compare and contrast key facts about Crude Oil Brent (BZ=F) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or ^IXIC.
Correlation
The correlation between BZ=F and ^IXIC is 0.10, 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
BZ=F vs. ^IXIC - Performance Comparison
Key characteristics
BZ=F:
-0.63
^IXIC:
0.10
BZ=F:
-0.73
^IXIC:
0.33
BZ=F:
0.91
^IXIC:
1.04
BZ=F:
-0.30
^IXIC:
0.11
BZ=F:
-1.19
^IXIC:
0.41
BZ=F:
14.36%
^IXIC:
6.51%
BZ=F:
26.19%
^IXIC:
25.36%
BZ=F:
-86.77%
^IXIC:
-77.93%
BZ=F:
-53.67%
^IXIC:
-19.27%
Returns By Period
In the year-to-date period, BZ=F achieves a -9.32% return, which is significantly higher than ^IXIC's -15.66% return. Over the past 10 years, BZ=F has underperformed ^IXIC with an annualized return of 0.62%, while ^IXIC has yielded a comparatively higher 12.57% annualized return.
BZ=F
-9.32%
-3.48%
-8.52%
-22.47%
18.05%
0.62%
^IXIC
-15.66%
-6.96%
-11.36%
3.85%
13.53%
12.57%
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Risk-Adjusted Performance
BZ=F vs. ^IXIC — Risk-Adjusted Performance Rank
BZ=F
^IXIC
BZ=F vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) and NASDAQ Composite (^IXIC). 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.
Drawdowns
BZ=F vs. ^IXIC - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than ^IXIC's maximum drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for BZ=F and ^IXIC. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. ^IXIC - Volatility Comparison
The current volatility for Crude Oil Brent (BZ=F) is 12.89%, while NASDAQ Composite (^IXIC) has a volatility of 16.49%. This indicates that BZ=F experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.