BZ=F vs. ^IXIC
BZ=F (Brent Crude Oil Last Day Financial Futures) is an asset, while ^IXIC (NASDAQ Composite) is an index. At a correlation of -0.04, they often move in opposite directions.
Performance
BZ=F vs. ^IXIC - Performance Comparison
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Returns By Period
BZ=F
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^IXIC
- 1D
- -2.21%
- 1M
- -2.87%
- YTD
- 10.09%
- 6M
- 8.60%
- 1Y
- 30.34%
- 3Y*
- 23.78%
- 5Y*
- 12.23%
- 10Y*
- 18.45%
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 | 10.09% | 20.36% | 28.64% | 43.42% | -23.99% |
Correlation
The correlation between BZ=F and ^IXIC is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | -0.04 |
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Return for Risk
BZ=F vs. ^IXIC — Risk / Return Rank
BZ=F
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
^IXIC
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.31 | — |
| Martin ratioReturn relative to average drawdown | — | 8.65 | — |
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Drawdowns
BZ=F vs. ^IXIC - Drawdown Comparison
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Drawdown Indicators
| BZ=F | ^IXIC | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | — | -5.56% | — |
Average DrawdownAverage peak-to-trough decline | — | -21.38% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.51% | — |
Volatility
BZ=F vs. ^IXIC - Volatility Comparison
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Volatility by Period
| BZ=F | ^IXIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 17.59% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 22.65% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 22.08% | — |
Frequently Asked Questions
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.
Find the right allocation for BZ=F and ^IXIC
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