^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 0.17, 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:
1.47
BZ=F:
-0.97
^GDAXI:
2.03
BZ=F:
-1.29
^GDAXI:
1.28
BZ=F:
0.85
^GDAXI:
1.63
BZ=F:
-0.45
^GDAXI:
7.47
BZ=F:
-1.71
^GDAXI:
3.50%
BZ=F:
15.64%
^GDAXI:
17.74%
BZ=F:
26.52%
^GDAXI:
-72.68%
BZ=F:
-86.77%
^GDAXI:
-0.73%
BZ=F:
-57.17%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 16.78% return, which is significantly higher than BZ=F's -16.17% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 7.06%, while BZ=F has yielded a comparatively lower -0.42% annualized return.
^GDAXI
16.78%
12.63%
20.74%
27.92%
16.48%
7.06%
BZ=F
-16.17%
-1.22%
-16.73%
-24.91%
15.27%
-0.42%
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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 7.46%, while Crude Oil Brent (BZ=F) has a volatility of 9.33%. 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.