BZ=F vs. ^IXIC
Compare and contrast key facts about Crude Oil Brent (BZ=F) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or ^IXIC.
Correlation
The correlation between BZ=F and ^IXIC is 0.12, 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. ^IXIC - Performance Comparison
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Key characteristics
BZ=F:
-0.75
^IXIC:
0.55
BZ=F:
-0.91
^IXIC:
1.06
BZ=F:
0.89
^IXIC:
1.15
BZ=F:
-0.36
^IXIC:
0.68
BZ=F:
-1.38
^IXIC:
2.24
BZ=F:
15.46%
^IXIC:
7.41%
BZ=F:
28.29%
^IXIC:
26.01%
BZ=F:
-86.77%
^IXIC:
-77.93%
BZ=F:
-55.76%
^IXIC:
-5.26%
Returns By Period
In the year-to-date period, BZ=F achieves a -13.42% return, which is significantly lower than ^IXIC's -1.03% return. Over the past 10 years, BZ=F has underperformed ^IXIC with an annualized return of -0.25%, while ^IXIC has yielded a comparatively higher 14.21% annualized return.
BZ=F
-13.42%
-0.08%
-10.94%
-21.91%
14.35%
-0.25%
^IXIC
-1.03%
13.61%
0.02%
14.16%
16.27%
14.21%
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Risk-Adjusted Performance
BZ=F vs. ^IXIC — Risk-Adjusted Performance Rank
BZ=F
^IXIC
BZ=F vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (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.
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Drawdowns
BZ=F vs. ^IXIC - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than ^IXIC's maximum drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for BZ=F and ^IXIC. For additional features, visit the drawdowns tool.
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Volatility
BZ=F vs. ^IXIC - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 9.90% compared to NASDAQ Composite (^IXIC) at 7.89%. This indicates that BZ=F's price experiences larger fluctuations and is considered to be riskier than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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