XBIT vs. ^XNG
XBIT (XBiotech Inc.) is a stock, while ^XNG (NYSE Arca Natural Gas Index) is an index. Over the past 10 years, XBIT returned -15.23%/yr vs 4.12%/yr for ^XNG. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
XBIT vs. ^XNG - Performance Comparison
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Returns By Period
In the year-to-date period, XBIT achieves a -6.69% return, which is significantly lower than ^XNG's 20.98% return. Over the past 10 years, XBIT has underperformed ^XNG with an annualized return of -15.23%, while ^XNG has yielded a comparatively higher 4.12% annualized return.
XBIT
- 1D
- -0.45%
- 1M
- -3.04%
- 6M
- -11.16%
- YTD
- -6.69%
- 1Y
- -21.75%
- 3Y*
- -25.25%
- 5Y*
- -32.74%
- 10Y*
- -15.23%
- ALL TIME*
- -17.59%
^XNG
- 1D
- 0.57%
- 1M
- 3.65%
- 6M
- 12.84%
- YTD
- 20.98%
- 1Y
- 23.54%
- 3Y*
- 14.96%
- 5Y*
- 17.85%
- 10Y*
- 4.12%
- ALL TIME*
- 5.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
XBIT XBiotech Inc. | $97.46K | $97.91K | $78.84K |
XBIT vs. ^XNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBIT XBiotech Inc. | -6.69% | -39.49% | -1.25% | 13.96% | -68.46% | -17.46% | -16.15% | 267.42% | 28.93% | -61.07% |
^XNG NYSE Arca Natural Gas Index | 20.98% | 9.44% | 16.55% | 2.82% | 22.57% | 54.17% | -17.49% | -3.37% | -32.78% | -15.65% |
Correlation
The correlation between XBIT and ^XNG is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.16 |
The correlation between XBIT and ^XNG shifts across timeframes, from 0.06 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBIT vs. ^XNG — Risk / Return Rank
XBIT
^XNG
XBIT vs. ^XNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XBiotech Inc. (XBIT) and NYSE Arca Natural Gas Index (^XNG). 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.
| XBIT | ^XNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.23 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.90 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.80 | 4.52 | -5.32 |
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Drawdowns
XBIT vs. ^XNG - Drawdown Comparison
The maximum XBIT drawdown since its inception was -92.67%, which is greater than ^XNG's maximum drawdown of -84.52%. Use the drawdown chart below to compare losses from any high point for XBIT and ^XNG.
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Drawdown Indicators
| XBIT | ^XNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.67% | -84.52% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -39.43% | -11.79% | -27.64% |
Max Drawdown (3Y)Largest decline over 3 years | -78.56% | -14.10% | -64.46% |
Max Drawdown (5Y)Largest decline over 5 years | -87.07% | -25.27% | -61.80% |
Max Drawdown (10Y)Largest decline over 10 years | -90.13% | -77.64% | -12.49% |
Current DrawdownCurrent decline from peak | -91.78% | -11.68% | -80.10% |
Average DrawdownAverage peak-to-trough decline | -70.38% | -27.22% | -43.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 4.96% | +23.97% |
Volatility
XBIT vs. ^XNG - Volatility Comparison
XBiotech Inc. (XBIT) has a higher volatility of 6.81% compared to NYSE Arca Natural Gas Index (^XNG) at 5.53%. This indicates that XBIT's price experiences larger fluctuations and is considered to be riskier than ^XNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBIT | ^XNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 5.53% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 18.99% | 13.09% | +5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.14% | 16.36% | +30.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.83% | 21.57% | +42.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.25% | 28.66% | +44.59% |
Frequently Asked Questions
XBIT and ^XNG have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XBIT has higher volatility (6.81%) compared to ^XNG (5.53%). In terms of maximum drawdown, XBIT dropped -92.67% vs ^XNG's -84.52%.
^XNG currently has the higher Sharpe Ratio (1.37 vs -0.49), 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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