^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 0.13, 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
Key characteristics
^IXIC:
0.43
BZ=F:
-0.60
^IXIC:
0.77
BZ=F:
-0.68
^IXIC:
1.11
BZ=F:
0.92
^IXIC:
0.46
BZ=F:
-0.28
^IXIC:
1.61
BZ=F:
-1.09
^IXIC:
6.90%
BZ=F:
14.74%
^IXIC:
25.76%
BZ=F:
26.25%
^IXIC:
-77.93%
BZ=F:
-86.77%
^IXIC:
-14.91%
BZ=F:
-54.44%
Returns By Period
The year-to-date returns for both investments are quite close, with ^IXIC having a -11.11% return and BZ=F slightly higher at -10.84%. Over the past 10 years, ^IXIC has outperformed BZ=F with an annualized return of 13.03%, while BZ=F has yielded a comparatively lower 0.25% annualized return.
^IXIC
-11.11%
-6.05%
-6.78%
9.25%
14.78%
13.03%
BZ=F
-10.84%
-8.86%
-10.10%
-24.39%
23.82%
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.
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
NASDAQ Composite (^IXIC) has a higher volatility of 16.92% compared to Crude Oil Brent (BZ=F) at 13.10%. This indicates that ^IXIC's price experiences larger fluctuations and is considered to be riskier than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.