^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.
Correlation
The correlation between ^GDAXI and BZ=F is 0.19, 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
^GDAXI vs. BZ=F - Performance Comparison
Key characteristics
^GDAXI:
2.72
BZ=F:
-0.61
^GDAXI:
3.66
BZ=F:
-0.72
^GDAXI:
1.47
BZ=F:
0.91
^GDAXI:
4.17
BZ=F:
-0.29
^GDAXI:
15.21
BZ=F:
-1.04
^GDAXI:
2.22%
BZ=F:
14.48%
^GDAXI:
12.39%
BZ=F:
23.70%
^GDAXI:
-72.68%
BZ=F:
-86.77%
^GDAXI:
0.00%
BZ=F:
-47.98%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 14.74% return, which is significantly higher than BZ=F's 1.81% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 7.49%, while BZ=F has yielded a comparatively lower 2.26% annualized return.
^GDAXI
14.74%
9.29%
24.44%
33.65%
10.71%
7.49%
BZ=F
1.81%
-6.29%
-1.57%
-9.06%
4.80%
2.26%
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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.
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. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. BZ=F - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 4.23%, while Crude Oil Brent (BZ=F) has a volatility of 4.61%. 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.