WTI vs. ^NDX
Compare and contrast key facts about W&T Offshore, Inc. (WTI) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTI or ^NDX.
Correlation
The correlation between WTI and ^NDX is 0.32, 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
WTI vs. ^NDX - Performance Comparison
Key characteristics
WTI:
-1.03
^NDX:
0.18
WTI:
-1.60
^NDX:
0.44
WTI:
0.81
^NDX:
1.06
WTI:
-0.58
^NDX:
0.20
WTI:
-1.93
^NDX:
0.75
WTI:
29.03%
^NDX:
6.11%
WTI:
54.43%
^NDX:
24.87%
WTI:
-97.59%
^NDX:
-82.90%
WTI:
-97.45%
^NDX:
-15.09%
Returns By Period
In the year-to-date period, WTI achieves a -32.10% return, which is significantly lower than ^NDX's -10.38% return. Over the past 10 years, WTI has underperformed ^NDX with an annualized return of -16.24%, while ^NDX has yielded a comparatively higher 15.82% annualized return.
WTI
-32.10%
-27.74%
-43.07%
-55.53%
-10.04%
-16.24%
^NDX
-10.38%
-4.44%
-6.60%
6.34%
16.60%
15.82%
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Risk-Adjusted Performance
WTI vs. ^NDX — Risk-Adjusted Performance Rank
WTI
^NDX
WTI vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for W&T Offshore, Inc. (WTI) and NASDAQ 100 (^NDX). 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
WTI vs. ^NDX - Drawdown Comparison
The maximum WTI drawdown since its inception was -97.59%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for WTI and ^NDX. For additional features, visit the drawdowns tool.
Volatility
WTI vs. ^NDX - Volatility Comparison
W&T Offshore, Inc. (WTI) has a higher volatility of 20.07% compared to NASDAQ 100 (^NDX) at 16.05%. This indicates that WTI's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.