BZ=F vs. ^IXIC

Last updated Aug 1, 2026

BZ=F (Brent Crude Oil Last Day Financial Futures) is an asset, while ^IXIC (NASDAQ Composite) is an index. Their -0.04 correlation means they have often moved in opposite directions in the past.

Performance

BZ=F vs. ^IXIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brent Crude Oil Last Day Financial Futures (BZ=F) and NASDAQ Composite (^IXIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BZ=F

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

^IXIC

• 1D: 1.00%
• 1M: -1.78%
• 6M: 8.15%
• YTD: 9.17%
• 1Y: 22.88%
• 3Y*: 21.11%
• 5Y*: 11.58%
• 10Y*: 17.32%
• ALL TIME*: 10.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
^IXIC NASDAQ Composite	$206.58T	$204.81T	$251.66T

BZ=F vs. ^IXIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BZ=F Brent Crude Oil Last Day Financial Futures	0.00%	0.00%	0.00%	0.00%	20.59%
^IXIC NASDAQ Composite	9.17%	20.36%	28.64%	43.42%	-23.99%

Correlation

The correlation between BZ=F and ^IXIC is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.04

Return for Risk

BZ=F vs. ^IXIC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BZ=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

^IXIC

^IXIC Risk / Return Rank: 38
^IXIC Sharpe Ratio Rank: 37
^IXIC Sortino Ratio Rank: 37
^IXIC Omega Ratio Rank: 37
^IXIC Calmar Ratio Rank: 40
^IXIC Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BZ=F vs. ^IXIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brent Crude Oil Last Day Financial Futures (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BZ=F	^IXIC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.10	—
Sortino ratio: Return per unit of downside risk	—	1.58	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.53	—
Martin ratio: Return relative to average drawdown	—	5.08	—

Drawdowns

Drawdown Indicators

	BZ=F	^IXIC	Difference
Max Drawdown Largest peak-to-trough decline	—	-77.93%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.40%	—
Current Drawdown Current decline from peak	—	-6.35%	—
Average Drawdown Average peak-to-trough decline	—	-21.35%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.98%	—

Volatility

Volatility by Period

	BZ=F	^IXIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.76%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.11%	—

Frequently Asked Questions

Can I hold both BZ=F and ^IXIC in my portfolio?

BZ=F and ^IXIC have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.