Correlation
The correlation between ^GDAXI and ^AEX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^GDAXI vs. ^AEX
Compare and contrast key facts about DAX Performance Index (^GDAXI) and AEX Index (^AEX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or ^AEX.
Performance
^GDAXI vs. ^AEX - Performance Comparison
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Key characteristics
^GDAXI:
1.65
^AEX:
0.13
^GDAXI:
2.22
^AEX:
0.28
^GDAXI:
1.30
^AEX:
1.04
^GDAXI:
1.84
^AEX:
0.13
^GDAXI:
8.81
^AEX:
0.40
^GDAXI:
3.33%
^AEX:
5.32%
^GDAXI:
17.86%
^AEX:
15.14%
^GDAXI:
-72.68%
^AEX:
-71.60%
^GDAXI:
-1.21%
^AEX:
-2.56%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 20.21% return, which is significantly higher than ^AEX's 5.19% return. Over the past 10 years, ^GDAXI has outperformed ^AEX with an annualized return of 7.66%, while ^AEX has yielded a comparatively lower 6.50% annualized return.
^GDAXI
20.21%
6.72%
23.20%
29.56%
17.97%
15.61%
7.66%
^AEX
5.19%
5.66%
5.43%
2.03%
9.27%
11.66%
6.50%
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Risk-Adjusted Performance
^GDAXI vs. ^AEX — Risk-Adjusted Performance Rank
^GDAXI
^AEX
^GDAXI vs. ^AEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and AEX Index (^AEX). 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. ^AEX - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, roughly equal to the maximum ^AEX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and ^AEX.
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Volatility
^GDAXI vs. ^AEX - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 4.19% compared to AEX Index (^AEX) at 3.38%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than ^AEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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