Correlation
The correlation between ^W1DOW and ^IBEX is 0.44, 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.
^W1DOW vs. ^IBEX
Compare and contrast key facts about Dow Jones Global Index (^W1DOW) and IBEX 35 Index (^IBEX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^W1DOW or ^IBEX.
Performance
^W1DOW vs. ^IBEX - Performance Comparison
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Key characteristics
^W1DOW:
0.81
^IBEX:
1.46
^W1DOW:
0.95
^IBEX:
1.85
^W1DOW:
1.14
^IBEX:
1.27
^W1DOW:
0.58
^IBEX:
0.68
^W1DOW:
2.40
^IBEX:
7.55
^W1DOW:
3.93%
^IBEX:
3.13%
^W1DOW:
14.34%
^IBEX:
16.65%
^W1DOW:
-59.33%
^IBEX:
-62.65%
^W1DOW:
-0.75%
^IBEX:
-11.25%
Returns By Period
In the year-to-date period, ^W1DOW achieves a 4.50% return, which is significantly lower than ^IBEX's 22.05% return. Over the past 10 years, ^W1DOW has outperformed ^IBEX with an annualized return of 6.99%, while ^IBEX has yielded a comparatively lower 2.30% annualized return.
^W1DOW
4.50%
5.52%
1.73%
12.09%
9.99%
11.17%
6.99%
^IBEX
22.05%
6.51%
21.57%
24.82%
16.93%
14.80%
2.30%
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Risk-Adjusted Performance
^W1DOW vs. ^IBEX — Risk-Adjusted Performance Rank
^W1DOW
^IBEX
^W1DOW vs. ^IBEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Global Index (^W1DOW) and IBEX 35 Index (^IBEX). 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. ^IBEX - Drawdown Comparison
The maximum ^W1DOW drawdown since its inception was -59.33%, smaller than the maximum ^IBEX drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for ^W1DOW and ^IBEX.
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Volatility
^W1DOW vs. ^IBEX - Volatility Comparison
Dow Jones Global Index (^W1DOW) and IBEX 35 Index (^IBEX) have volatilities of 3.18% and 3.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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