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 0.10, 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
Key characteristics
BZ=F:
-0.06
^IXIC:
1.75
BZ=F:
0.08
^IXIC:
2.31
BZ=F:
1.01
^IXIC:
1.31
BZ=F:
-0.03
^IXIC:
2.44
BZ=F:
-0.11
^IXIC:
8.82
BZ=F:
14.22%
^IXIC:
3.64%
BZ=F:
24.14%
^IXIC:
18.34%
BZ=F:
-86.77%
^IXIC:
-77.93%
BZ=F:
-44.69%
^IXIC:
-2.70%
Returns By Period
In the year-to-date period, BZ=F achieves a 8.24% return, which is significantly higher than ^IXIC's 1.65% return. Over the past 10 years, BZ=F has underperformed ^IXIC with an annualized return of 5.14%, while ^IXIC has yielded a comparatively higher 15.51% annualized return.
BZ=F
8.24%
10.08%
-2.23%
2.14%
4.25%
5.14%
^IXIC
1.65%
1.22%
10.74%
30.38%
15.93%
15.51%
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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.
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.
Volatility
BZ=F vs. ^IXIC - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 5.67% compared to NASDAQ Composite (^IXIC) at 5.26%. 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.