NGAS.L vs. BIIB
NGAS.L (WisdomTree Natural Gas ETF) is Commodities fund tracking the Bloomberg Natural Gas Sub Total Return Index, while BIIB (Biogen Inc.) is a stock. Over the past 10 years, NGAS.L returned -23.35%/yr vs -3.85%/yr for BIIB. At a correlation of -0.03, they often move in opposite directions.
Performance
NGAS.L vs. BIIB - Performance Comparison
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Returns By Period
In the year-to-date period, NGAS.L achieves a -11.49% return, which is significantly lower than BIIB's 11.35% return. Over the past 10 years, NGAS.L has underperformed BIIB with an annualized return of -23.35%, while BIIB has yielded a comparatively higher -3.85% annualized return.
NGAS.L
- 1D
- 2.07%
- 1M
- 4.84%
- YTD
- -11.49%
- 6M
- -29.61%
- 1Y
- -36.85%
- 3Y*
- -25.66%
- 5Y*
- -25.67%
- 10Y*
- -23.35%
BIIB
- 1D
- 3.78%
- 1M
- 4.67%
- YTD
- 11.35%
- 6M
- 8.41%
- 1Y
- 48.63%
- 3Y*
- -13.25%
- 5Y*
- -7.29%
- 10Y*
- -3.85%
NGAS.L vs. BIIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGAS.L WisdomTree Natural Gas ETF | -11.49% | -24.72% | -26.18% | -65.28% | 20.27% | 25.42% | -43.27% | -40.74% | 2.93% | -37.77% |
BIIB Biogen Inc. | 11.35% | 15.09% | -40.91% | -6.55% | 15.42% | -2.02% | -17.48% | -1.39% | -5.54% | 12.34% |
Correlation
The correlation between NGAS.L and BIIB is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2006 | -0.03 |
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Return for Risk
NGAS.L vs. BIIB — Risk / Return Rank
NGAS.L
BIIB
NGAS.L vs. BIIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas ETF (NGAS.L) and Biogen Inc. (BIIB). 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.
| NGAS.L | BIIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.26 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.41 | -4.18 |
| Martin ratioReturn relative to average drawdown | -1.11 | 8.35 | -9.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NGAS.L | BIIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 1.47 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | -0.19 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.46 | -0.09 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.23 | -0.82 |
Drawdowns
NGAS.L vs. BIIB - Drawdown Comparison
The maximum NGAS.L drawdown since its inception was -99.91%, which is greater than BIIB's maximum drawdown of -89.98%. Use the drawdown chart below to compare losses from any high point for NGAS.L and BIIB.
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Drawdown Indicators
| NGAS.L | BIIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.91% | -89.98% | -9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -47.73% | -14.34% | -33.39% |
Max Drawdown (3Y)Largest decline over 3 years | -70.31% | -63.82% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -93.13% | -72.66% | -20.47% |
Max Drawdown (10Y)Largest decline over 10 years | -94.91% | -72.66% | -22.25% |
Current DrawdownCurrent decline from peak | -99.91% | -58.83% | -41.08% |
Average DrawdownAverage peak-to-trough decline | -89.09% | -36.60% | -52.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.25% | 5.84% | +27.41% |
Volatility
NGAS.L vs. BIIB - Volatility Comparison
WisdomTree Natural Gas ETF (NGAS.L) has a higher volatility of 11.19% compared to Biogen Inc. (BIIB) at 9.88%. This indicates that NGAS.L's price experiences larger fluctuations and is considered to be riskier than BIIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGAS.L | BIIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.19% | 9.88% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 47.23% | 24.17% | +23.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.38% | 33.22% | +22.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.00% | 38.45% | +20.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.65% | 41.48% | +9.17% |
Dividends
NGAS.L vs. BIIB - Dividend Comparison
Neither NGAS.L nor BIIB has paid dividends to shareholders.
Frequently Asked Questions
NGAS.L and BIIB have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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