Correlation
The correlation between ^W1DOW and OEF is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
^W1DOW vs. OEF
Compare and contrast key facts about Dow Jones Global Index (^W1DOW) and iShares S&P 100 ETF (OEF).
OEF is a passively managed fund by iShares that tracks the performance of the S&P 100 Index. It was launched on Oct 23, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^W1DOW or OEF.
Performance
^W1DOW vs. OEF - Performance Comparison
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Key characteristics
^W1DOW:
0.79
OEF:
0.73
^W1DOW:
1.05
OEF:
1.14
^W1DOW:
1.16
OEF:
1.16
^W1DOW:
0.66
OEF:
0.77
^W1DOW:
2.70
OEF:
2.78
^W1DOW:
3.93%
OEF:
5.46%
^W1DOW:
14.38%
OEF:
21.09%
^W1DOW:
-59.33%
OEF:
-54.12%
^W1DOW:
-0.66%
OEF:
-3.59%
Returns By Period
In the year-to-date period, ^W1DOW achieves a 4.60% return, which is significantly higher than OEF's 0.25% return. Over the past 10 years, ^W1DOW has underperformed OEF with an annualized return of 7.02%, while OEF has yielded a comparatively higher 13.86% annualized return.
^W1DOW
4.60%
5.89%
2.37%
11.83%
9.79%
11.19%
7.02%
OEF
0.25%
7.28%
0.64%
15.24%
16.86%
17.25%
13.86%
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Risk-Adjusted Performance
^W1DOW vs. OEF — Risk-Adjusted Performance Rank
^W1DOW
OEF
^W1DOW vs. OEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Global Index (^W1DOW) and iShares S&P 100 ETF (OEF). 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
^W1DOW vs. OEF - Drawdown Comparison
The maximum ^W1DOW drawdown since its inception was -59.33%, which is greater than OEF's maximum drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for ^W1DOW and OEF.
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Volatility
^W1DOW vs. OEF - Volatility Comparison
The current volatility for Dow Jones Global Index (^W1DOW) is 3.15%, while iShares S&P 100 ETF (OEF) has a volatility of 5.22%. This indicates that ^W1DOW experiences smaller price fluctuations and is considered to be less risky than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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