^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
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Key characteristics
^XNG:
0.60
BZ=F:
-0.75
^XNG:
0.75
BZ=F:
-0.92
^XNG:
1.11
BZ=F:
0.89
^XNG:
0.23
BZ=F:
-0.36
^XNG:
2.23
BZ=F:
-1.35
^XNG:
4.31%
BZ=F:
15.84%
^XNG:
19.74%
BZ=F:
28.32%
^XNG:
-84.52%
BZ=F:
-86.77%
^XNG:
-30.59%
BZ=F:
-56.09%
Returns By Period
In the year-to-date period, ^XNG achieves a 4.05% return, which is significantly higher than BZ=F's -14.07% return. Over the past 10 years, ^XNG has underperformed BZ=F with an annualized return of -1.32%, while BZ=F has yielded a comparatively higher -0.21% annualized return.
^XNG
4.05%
2.00%
-1.89%
11.72%
4.95%
21.82%
-1.32%
BZ=F
-14.07%
-3.52%
-13.59%
-21.68%
-17.30%
12.80%
-0.21%
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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.
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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.
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Volatility
^XNG vs. BZ=F - Volatility Comparison
The current volatility for NYSE Arca Natural Gas Index (^XNG) is 4.19%, while Crude Oil Brent (BZ=F) has a volatility of 7.94%. This indicates that ^XNG 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.
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