DGNX vs. XOP
DGNX (Diginex Ltd) is a stock, while XOP (SPDR S&P Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. Over the past year, DGNX returned -97.92% vs 23.02% for XOP. At a 0.05 correlation, their price movements are largely independent.
Performance
DGNX vs. XOP - Performance Comparison
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Returns By Period
In the year-to-date period, DGNX achieves a -97.36% return, which is significantly lower than XOP's 23.89% return.
DGNX
- 1D
- -5.50%
- 1M
- -19.97%
- YTD
- -97.36%
- 6M
- -98.50%
- 1Y
- -97.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XOP
- 1D
- 0.09%
- 1M
- -9.39%
- YTD
- 23.89%
- 6M
- 23.68%
- 1Y
- 23.02%
- 3Y*
- 11.00%
- 5Y*
- 12.14%
- 10Y*
- 3.09%
DGNX vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGNX Diginex Ltd | -97.36% | 683.10% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 23.89% | -9.91% |
Correlation
The correlation between DGNX and XOP 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 (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.05 |
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Return for Risk
DGNX vs. XOP — Risk / Return Rank
DGNX
XOP
DGNX vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diginex Ltd (DGNX) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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.
| DGNX | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.15 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 1.25 | -2.23 |
| Martin ratioReturn relative to average drawdown | -1.33 | 3.50 | -4.83 |
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Drawdowns
DGNX vs. XOP - Drawdown Comparison
The maximum DGNX drawdown since its inception was -99.65%, which is greater than XOP's maximum drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for DGNX and XOP.
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Drawdown Indicators
| DGNX | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -90.27% | -9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -99.65% | -18.50% | -81.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.61% | — |
Current DrawdownCurrent decline from peak | -99.65% | -42.09% | -57.56% |
Average DrawdownAverage peak-to-trough decline | -60.65% | -42.58% | -18.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.29% | 6.60% | +66.69% |
Volatility
DGNX vs. XOP - Volatility Comparison
Diginex Ltd (DGNX) has a higher volatility of 34.67% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 9.01%. This indicates that DGNX's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGNX | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.67% | 9.01% | +25.66% |
Volatility (6M)Calculated over the trailing 6-month period | 104.33% | 21.96% | +82.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 155.78% | 28.30% | +127.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 279.17% | 33.88% | +245.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 279.17% | 40.25% | +238.92% |
Dividends
DGNX vs. XOP - Dividend Comparison
DGNX has not paid dividends to shareholders, while XOP's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGNX Diginex Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.10% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Frequently Asked Questions
DGNX and XOP 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.
DGNX has higher volatility (34.67%) compared to XOP (9.01%). In terms of maximum drawdown, DGNX dropped -99.65% vs XOP's -90.27%.
XOP currently has the higher Sharpe Ratio (0.82 vs -0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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