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 0.22, 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
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Key characteristics
BZ=F:
-0.75
^GDAXI:
1.44
BZ=F:
-0.91
^GDAXI:
2.05
BZ=F:
0.89
^GDAXI:
1.28
BZ=F:
-0.36
^GDAXI:
1.65
BZ=F:
-1.38
^GDAXI:
7.79
BZ=F:
15.46%
^GDAXI:
3.40%
BZ=F:
28.29%
^GDAXI:
17.70%
BZ=F:
-86.77%
^GDAXI:
-72.68%
BZ=F:
-55.76%
^GDAXI:
0.00%
Returns By Period
In the year-to-date period, BZ=F achieves a -13.42% return, which is significantly lower than ^GDAXI's 19.02% return. Over the past 10 years, BZ=F has underperformed ^GDAXI with an annualized return of -0.25%, while ^GDAXI has yielded a comparatively higher 7.35% annualized return.
BZ=F
-13.42%
-0.08%
-10.94%
-21.91%
14.35%
-0.25%
^GDAXI
19.02%
11.49%
23.01%
25.58%
17.55%
7.35%
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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.
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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.
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Volatility
BZ=F vs. ^GDAXI - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 9.90% compared to DAX Performance Index (^GDAXI) at 4.73%. 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.
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