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:
-0.61
^IXIC:
1.44
BZ=F:
-0.71
^IXIC:
1.95
BZ=F:
0.91
^IXIC:
1.26
BZ=F:
-0.28
^IXIC:
2.02
BZ=F:
-1.02
^IXIC:
7.20
BZ=F:
14.52%
^IXIC:
3.69%
BZ=F:
23.65%
^IXIC:
18.38%
BZ=F:
-86.77%
^IXIC:
-77.93%
BZ=F:
-47.71%
^IXIC:
-1.05%
Returns By Period
In the year-to-date period, BZ=F achieves a 2.34% return, which is significantly lower than ^IXIC's 3.37% return. Over the past 10 years, BZ=F has underperformed ^IXIC with an annualized return of 2.53%, while ^IXIC has yielded a comparatively higher 14.98% annualized return.
BZ=F
2.34%
-2.56%
-1.07%
-8.00%
5.17%
2.53%
^IXIC
3.37%
1.04%
13.30%
28.12%
15.88%
14.98%
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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
The current volatility for Crude Oil Brent (BZ=F) is 4.62%, while NASDAQ Composite (^IXIC) has a volatility of 4.97%. This indicates that BZ=F experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.