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 -16.62%/yr vs 3.71%/yr for ^XNG. At a 0.16 correlation, their price movements are largely independent.
Performance
XBIT vs. ^XNG - Performance Comparison
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Returns By Period
In the year-to-date period, XBIT achieves a -0.84% return, which is significantly lower than ^XNG's 19.47% return. Over the past 10 years, XBIT has underperformed ^XNG with an annualized return of -16.62%, while ^XNG has yielded a comparatively higher 3.71% annualized return.
XBIT
- 1D
- -0.84%
- 1M
- -7.06%
- YTD
- -0.84%
- 6M
- -5.58%
- 1Y
- -19.39%
- 3Y*
- -24.92%
- 5Y*
- -30.49%
- 10Y*
- -16.62%
^XNG
- 1D
- 0.92%
- 1M
- -5.06%
- YTD
- 19.47%
- 6M
- 14.72%
- 1Y
- 23.56%
- 3Y*
- 17.55%
- 5Y*
- 15.69%
- 10Y*
- 3.71%
XBIT vs. ^XNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBIT XBiotech Inc. | -0.84% | -39.49% | -1.25% | 13.96% | -68.46% | -17.46% | -16.15% | 267.42% | 28.93% | -61.07% |
^XNG NYSE Arca Natural Gas Index | 19.47% | 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 0.03, 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.16 |
The correlation between XBIT and ^XNG shifts across timeframes, from 0.03 (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.
| XBIT | ^XNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.26 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.30 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.75 | 6.69 | -7.44 |
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
| XBIT | ^XNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 1.53 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | 0.72 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | 0.13 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.21 | -0.43 |
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% | -10.29% | -29.14% |
Max Drawdown (3Y)Largest decline over 3 years | -78.56% | -14.10% | -64.46% |
Max Drawdown (5Y)Largest decline over 5 years | -87.21% | -25.27% | -61.94% |
Max Drawdown (10Y)Largest decline over 10 years | -90.72% | -77.64% | -13.08% |
Current DrawdownCurrent decline from peak | -91.27% | -12.78% | -78.49% |
Average DrawdownAverage peak-to-trough decline | -70.11% | -27.28% | -42.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.92% | 3.53% | +22.39% |
Volatility
XBIT vs. ^XNG - Volatility Comparison
XBiotech Inc. (XBIT) has a higher volatility of 6.88% compared to NYSE Arca Natural Gas Index (^XNG) at 6.17%. 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 | 6.88% | 6.17% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 27.26% | 12.48% | +14.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.89% | 15.59% | +36.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.04% | 21.81% | +42.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.31% | 29.08% | +46.23% |
Frequently Asked Questions
XBIT and ^XNG 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.
XBIT has higher volatility (6.88%) compared to ^XNG (6.17%). In terms of maximum drawdown, XBIT dropped -92.67% vs ^XNG's -84.52%.
^XNG currently has the higher Sharpe Ratio (1.53 vs -0.38), 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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