^XNG vs. BZ=F
Compare and contrast key facts about NYSE Arca Natural Gas Index (^XNG) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XNG or BZ=F.
Correlation
The correlation between ^XNG and BZ=F is 0.14, 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
^XNG vs. BZ=F - Performance Comparison
Key characteristics
^XNG:
0.62
BZ=F:
-0.65
^XNG:
0.91
BZ=F:
-0.76
^XNG:
1.13
BZ=F:
0.91
^XNG:
0.29
BZ=F:
-0.31
^XNG:
2.93
BZ=F:
-1.18
^XNG:
4.17%
BZ=F:
14.82%
^XNG:
19.64%
BZ=F:
26.26%
^XNG:
-84.52%
BZ=F:
-86.77%
^XNG:
-31.07%
BZ=F:
-54.86%
Returns By Period
In the year-to-date period, ^XNG achieves a 3.32% return, which is significantly higher than BZ=F's -11.66% return. Over the past 10 years, ^XNG has underperformed BZ=F with an annualized return of -1.60%, while BZ=F has yielded a comparatively higher 0.19% annualized return.
^XNG
3.32%
-4.88%
6.64%
10.44%
23.76%
-1.60%
BZ=F
-11.66%
-10.64%
-12.81%
-25.92%
23.58%
0.19%
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Risk-Adjusted Performance
^XNG vs. BZ=F — Risk-Adjusted Performance Rank
^XNG
BZ=F
^XNG vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Natural Gas Index (^XNG) 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
^XNG vs. BZ=F - Drawdown Comparison
The maximum ^XNG drawdown since its inception was -84.52%, roughly equal to the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for ^XNG and BZ=F. For additional features, visit the drawdowns tool.
Volatility
^XNG vs. BZ=F - Volatility Comparison
NYSE Arca Natural Gas Index (^XNG) and Crude Oil Brent (BZ=F) have volatilities of 12.91% and 12.94%, 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.