^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 0.14, 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:
1.58
BZ=F:
-0.44
^GDAXI:
2.19
BZ=F:
-0.46
^GDAXI:
1.27
BZ=F:
0.94
^GDAXI:
2.35
BZ=F:
-0.20
^GDAXI:
8.63
BZ=F:
-0.80
^GDAXI:
2.21%
BZ=F:
13.37%
^GDAXI:
11.97%
BZ=F:
24.38%
^GDAXI:
-72.68%
BZ=F:
-86.77%
^GDAXI:
-2.65%
BZ=F:
-50.07%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 18.70% return, which is significantly higher than BZ=F's -5.32% return. Over the past 10 years, ^GDAXI has outperformed BZ=F with an annualized return of 7.15%, while BZ=F has yielded a comparatively lower 1.63% annualized return.
^GDAXI
18.70%
4.63%
9.48%
19.16%
8.24%
7.15%
BZ=F
-5.32%
0.62%
-14.43%
-7.86%
1.87%
1.63%
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Risk-Adjusted Performance
^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 3.52%, while Crude Oil Brent (BZ=F) has a volatility of 5.50%. 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.