BZ=F vs. ^GDAXI

Last updated Apr 3, 2026

Compare and contrast key facts about Crude Oil Brent (BZ=F) and DAX Performance Index (^GDAXI).

Performance

BZ=F vs. ^GDAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crude Oil Brent (BZ=F) and DAX Performance Index (^GDAXI). The values are adjusted to include any dividend payments, if applicable.

BZ=F vs. ^GDAXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BZ=F Crude Oil Brent	79.21%	-18.48%	-3.12%	-10.32%	10.45%	50.15%	-21.52%	22.68%	-19.55%	17.69%
^GDAXI DAX Performance Index	-7.09%	38.87%	12.05%	24.11%	-17.17%	6.66%	13.66%	22.83%	-22.10%	28.42%

Different Trading Currencies

BZ=F 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, BZ=F achieves a 79.21% return, which is significantly higher than ^GDAXI's -7.09% return. Over the past 10 years, BZ=F has outperformed ^GDAXI with an annualized return of 11.21%, while ^GDAXI has yielded a comparatively lower 9.10% annualized return.

BZ=F

• 1D: 7.80%
• 1M: 33.97%
• YTD: 79.21%
• 6M: 70.10%
• 1Y: 45.50%
• 3Y*: 8.69%
• 5Y*: 10.95%
• 10Y*: 11.21%

^GDAXI

• 1D: -1.01%
• 1M: -3.24%
• YTD: -7.09%
• 6M: -6.58%
• 1Y: 10.05%
• 3Y*: 16.34%
• 5Y*: 8.49%
• 10Y*: 9.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BZ=F vs. ^GDAXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BZ=F

BZ=F Risk / Return Rank: 52
BZ=F Sharpe Ratio Rank: 46
BZ=F Sortino Ratio Rank: 45
BZ=F Omega Ratio Rank: 43
BZ=F Calmar Ratio Rank: 85
BZ=F Martin Ratio Rank: 41

^GDAXI

^GDAXI Risk / Return Rank: 25
^GDAXI Sharpe Ratio Rank: 22
^GDAXI Sortino Ratio Rank: 20
^GDAXI Omega Ratio Rank: 21
^GDAXI Calmar Ratio Rank: 30
^GDAXI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BZ=F vs. ^GDAXI - Risk-Adjusted Trends 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.

	BZ=F	^GDAXI	Difference
Sharpe ratio Return per unit of total volatility	0.93	0.51	+0.42
Sortino ratio Return per unit of downside risk	1.42	0.82	+0.60
Omega ratio Gain probability vs. loss probability	1.21	1.11	+0.10
Calmar ratio Return relative to maximum drawdown	2.93	0.79	+2.13
Martin ratio Return relative to average drawdown	5.15	2.82	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BZ=F vs. ^GDAXI - Sharpe Ratio Comparison

The current BZ=F Sharpe Ratio is 0.93, which is higher than the ^GDAXI Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of BZ=F and ^GDAXI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BZ=F	^GDAXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	0.51	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.42	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.44	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.24	-0.10

Correlation

The correlation between BZ=F and ^GDAXI is 0.23, 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.

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 -60.99%. Use the drawdown chart below to compare losses from any high point for BZ=F and ^GDAXI.

Drawdown Indicators

	BZ=F	^GDAXI	Difference
Max Drawdown Largest peak-to-trough decline	-86.77%	-72.68%	-14.09%
Max Drawdown (1Y) Largest decline over 1 year	-23.58%	-12.27%	-11.31%
Max Drawdown (5Y) Largest decline over 5 years	-53.96%	-26.40%	-27.56%
Max Drawdown (10Y) Largest decline over 10 years	-77.60%	-38.78%	-38.82%
Current Drawdown Current decline from peak	-25.35%	-8.86%	-16.49%
Average Drawdown Average peak-to-trough decline	-41.03%	-14.75%	-26.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.39%	3.50%	+9.89%

Volatility

BZ=F vs. ^GDAXI - Volatility Comparison

Crude Oil Brent (BZ=F) has a higher volatility of 32.56% compared to DAX Performance Index (^GDAXI) at 7.09%. 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.

Volatility by Period

	BZ=F	^GDAXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.56%	7.09%	+25.47%
Volatility (6M) Calculated over the trailing 6-month period	37.42%	12.43%	+24.99%
Volatility (1Y) Calculated over the trailing 1-year period	42.56%	19.57%	+22.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.84%	20.08%	+15.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.61%	20.45%	+18.16%