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:
-1.06
^NDX:
1.58
WTI:
-1.65
^NDX:
2.12
WTI:
0.81
^NDX:
1.29
WTI:
-0.56
^NDX:
2.11
WTI:
-1.72
^NDX:
7.52
WTI:
31.66%
^NDX:
3.80%
WTI:
51.22%
^NDX:
18.07%
WTI:
-97.59%
^NDX:
-82.90%
WTI:
-96.74%
^NDX:
-3.65%
Returns By Period
In the year-to-date period, WTI achieves a -55.04% return, which is significantly lower than ^NDX's 26.53% return. Over the past 10 years, WTI has underperformed ^NDX with an annualized return of -15.13%, while ^NDX has yielded a comparatively higher 17.44% annualized return.
WTI
-55.04%
-27.27%
-31.44%
-55.72%
-23.19%
-15.13%
^NDX
26.53%
3.01%
8.06%
27.04%
19.69%
17.44%
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Risk-Adjusted Performance
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 14.90% compared to NASDAQ 100 (^NDX) at 5.35%. 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.