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:
-0.82
^NDX:
1.25
WTI:
-1.06
^NDX:
1.72
WTI:
0.87
^NDX:
1.23
WTI:
-0.43
^NDX:
1.71
WTI:
-1.35
^NDX:
5.85
WTI:
30.74%
^NDX:
3.97%
WTI:
50.92%
^NDX:
18.58%
WTI:
-97.59%
^NDX:
-82.90%
WTI:
-96.00%
^NDX:
-2.53%
Returns By Period
In the year-to-date period, WTI achieves a 6.63% return, which is significantly higher than ^NDX's 2.86% return. Over the past 10 years, WTI has underperformed ^NDX with an annualized return of -11.27%, while ^NDX has yielded a comparatively higher 17.16% annualized return.
WTI
6.63%
2.31%
-23.65%
-40.14%
-11.80%
-11.27%
^NDX
2.86%
-1.09%
9.60%
20.05%
18.05%
17.16%
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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 13.72% compared to NASDAQ 100 (^NDX) at 5.13%. 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.