Correlation
The correlation between ^GDAXI and BZ=F is 0.22, 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.
^GDAXI vs. BZ=F
Compare and contrast key facts about DAX Performance Index (^GDAXI) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or BZ=F.
Performance
^GDAXI vs. BZ=F - Performance Comparison
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Key characteristics
^GDAXI:
1.65
BZ=F:
-0.86
^GDAXI:
2.22
BZ=F:
-1.04
^GDAXI:
1.30
BZ=F:
0.88
^GDAXI:
1.84
BZ=F:
-0.40
^GDAXI:
8.81
BZ=F:
-1.42
^GDAXI:
3.33%
BZ=F:
16.38%
^GDAXI:
17.86%
BZ=F:
28.39%
^GDAXI:
-72.68%
BZ=F:
-86.77%
^GDAXI:
-1.21%
BZ=F:
-57.10%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 20.21% return, which is significantly higher than BZ=F's -16.04% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 7.66%, while BZ=F has yielded a comparatively lower -0.35% annualized return.
^GDAXI
20.21%
6.72%
23.20%
29.56%
17.97%
15.61%
7.66%
BZ=F
-16.04%
-2.46%
-14.48%
-25.04%
-19.84%
12.15%
-0.35%
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Risk-Adjusted Performance
^GDAXI vs. BZ=F — Risk-Adjusted Performance Rank
^GDAXI
BZ=F
^GDAXI vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and Crude Oil Brent (BZ=F). 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.
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Drawdowns
^GDAXI vs. BZ=F - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, smaller than the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and BZ=F.
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Volatility
^GDAXI vs. BZ=F - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 4.19%, while Crude Oil Brent (BZ=F) has a volatility of 7.86%. This indicates that ^GDAXI experiences smaller price fluctuations and is considered to be less risky than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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