BZ=F vs. ^GDAXI
Compare and contrast key facts about Crude Oil Brent (BZ=F) and DAX Performance Index (^GDAXI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or ^GDAXI.
Correlation
The correlation between BZ=F and ^GDAXI is 0.19, 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. ^GDAXI - Performance Comparison
Key characteristics
BZ=F:
-0.69
^GDAXI:
2.23
BZ=F:
-0.84
^GDAXI:
3.03
BZ=F:
0.90
^GDAXI:
1.38
BZ=F:
-0.32
^GDAXI:
3.45
BZ=F:
-1.17
^GDAXI:
12.49
BZ=F:
14.53%
^GDAXI:
2.24%
BZ=F:
23.78%
^GDAXI:
12.54%
BZ=F:
-86.77%
^GDAXI:
-72.68%
BZ=F:
-49.05%
^GDAXI:
-2.44%
Returns By Period
In the year-to-date period, BZ=F achieves a -0.28% return, which is significantly lower than ^GDAXI's 11.95% return. Over the past 10 years, BZ=F has underperformed ^GDAXI with an annualized return of 2.32%, while ^GDAXI has yielded a comparatively higher 7.07% annualized return.
BZ=F
-0.28%
-4.76%
-5.81%
-11.04%
4.66%
2.32%
^GDAXI
11.95%
4.86%
19.61%
28.31%
10.29%
7.07%
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Risk-Adjusted Performance
BZ=F vs. ^GDAXI — Risk-Adjusted Performance Rank
BZ=F
^GDAXI
BZ=F vs. ^GDAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) 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.
Drawdowns
BZ=F vs. ^GDAXI - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than ^GDAXI's maximum drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for BZ=F and ^GDAXI. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. ^GDAXI - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 5.33% compared to DAX Performance Index (^GDAXI) at 4.89%. This indicates that BZ=F'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.