^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.
Key characteristics
| ^IXIC | BZ=F | |
|---|---|---|
| YTD Return | 11.19% | -7.76% |
| 1Y Return | 21.40% | -20.97% |
| 3Y Return (Ann) | 2.78% | -0.28% |
| 5Y Return (Ann) | 15.58% | 2.79% |
| 10Y Return (Ann) | 13.90% | -3.17% |
| Sharpe Ratio | 1.14 | -0.81 |
| Daily Std Dev | 17.78% | 26.32% |
| Max Drawdown | -77.93% | -86.77% |
| Current Drawdown | -10.49% | -51.36% |
Correlation
The correlation between ^IXIC and BZ=F is 0.10, 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
In the year-to-date period, ^IXIC achieves a 11.19% return, which is significantly higher than BZ=F's -7.76% return. Over the past 10 years, ^IXIC has outperformed BZ=F with an annualized return of 13.90%, while BZ=F has yielded a comparatively lower -3.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^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.
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.
Volatility
^IXIC vs. BZ=F - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 6.45%, while Crude Oil Brent (BZ=F) has a volatility of 9.46%. 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.