^IXIC vs. BZ=F
Compare and contrast key facts about NASDAQ Composite (^IXIC) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IXIC or BZ=F.
Correlation
The correlation between ^IXIC and BZ=F is 0.12, 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
^IXIC vs. BZ=F - Performance Comparison
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Key characteristics
^IXIC:
0.55
BZ=F:
-0.75
^IXIC:
1.06
BZ=F:
-0.91
^IXIC:
1.15
BZ=F:
0.89
^IXIC:
0.68
BZ=F:
-0.36
^IXIC:
2.24
BZ=F:
-1.38
^IXIC:
7.41%
BZ=F:
15.46%
^IXIC:
26.01%
BZ=F:
28.29%
^IXIC:
-77.93%
BZ=F:
-86.77%
^IXIC:
-5.26%
BZ=F:
-55.76%
Returns By Period
In the year-to-date period, ^IXIC achieves a -1.03% return, which is significantly higher than BZ=F's -13.42% return. Over the past 10 years, ^IXIC has outperformed BZ=F with an annualized return of 14.21%, while BZ=F has yielded a comparatively lower -0.25% annualized return.
^IXIC
-1.03%
13.61%
0.02%
14.16%
16.27%
14.21%
BZ=F
-13.42%
-0.08%
-10.94%
-21.91%
14.35%
-0.25%
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Risk-Adjusted Performance
^IXIC vs. BZ=F — Risk-Adjusted Performance Rank
^IXIC
BZ=F
^IXIC vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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
^IXIC vs. BZ=F - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, smaller than the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for ^IXIC and BZ=F. For additional features, visit the drawdowns tool.
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Volatility
^IXIC vs. BZ=F - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 7.89%, while Crude Oil Brent (BZ=F) has a volatility of 9.90%. This indicates that ^IXIC 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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