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:
-0.84
^GDAXI:
0.91
BZ=F:
-1.05
^GDAXI:
1.28
BZ=F:
0.87
^GDAXI:
1.17
BZ=F:
-0.40
^GDAXI:
1.20
BZ=F:
-1.64
^GDAXI:
5.80
BZ=F:
13.34%
^GDAXI:
2.45%
BZ=F:
25.32%
^GDAXI:
15.68%
BZ=F:
-86.77%
^GDAXI:
-72.68%
BZ=F:
-55.11%
^GDAXI:
-11.86%
Returns By Period
In the year-to-date period, BZ=F achieves a -12.14% return, which is significantly lower than ^GDAXI's 3.68% return. Over the past 10 years, BZ=F has underperformed ^GDAXI with an annualized return of 1.01%, while ^GDAXI has yielded a comparatively higher 5.43% annualized return.
BZ=F
-12.14%
-5.37%
-15.30%
-27.66%
13.14%
1.01%
^GDAXI
3.68%
-10.57%
7.95%
12.16%
16.51%
5.43%
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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 10.61% compared to DAX Performance Index (^GDAXI) at 7.77%. 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.