^XOI vs. BKR
Compare and contrast key facts about Amex Oil Index (^XOI) and Baker Hughes Company (BKR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XOI or BKR.
Correlation
The correlation between ^XOI and BKR is 0.40, 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
^XOI vs. BKR - Performance Comparison
Key characteristics
^XOI:
-0.90
BKR:
0.36
^XOI:
-1.11
BKR:
0.74
^XOI:
0.85
BKR:
1.10
^XOI:
-0.74
BKR:
0.47
^XOI:
-1.69
BKR:
1.51
^XOI:
14.41%
BKR:
8.61%
^XOI:
27.20%
BKR:
36.08%
^XOI:
-72.79%
BKR:
-73.51%
^XOI:
-26.64%
BKR:
-25.02%
Returns By Period
In the year-to-date period, ^XOI achieves a -5.97% return, which is significantly higher than BKR's -10.71% return.
^XOI
-5.97%
-12.96%
-12.31%
-24.50%
18.23%
1.43%
BKR
-10.71%
-16.46%
-1.83%
13.59%
25.48%
N/A
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Risk-Adjusted Performance
^XOI vs. BKR — Risk-Adjusted Performance Rank
^XOI
BKR
^XOI vs. BKR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amex Oil Index (^XOI) and Baker Hughes Company (BKR). 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
^XOI vs. BKR - Drawdown Comparison
The maximum ^XOI drawdown since its inception was -72.79%, roughly equal to the maximum BKR drawdown of -73.51%. Use the drawdown chart below to compare losses from any high point for ^XOI and BKR. For additional features, visit the drawdowns tool.
Volatility
^XOI vs. BKR - Volatility Comparison
The current volatility for Amex Oil Index (^XOI) is 19.10%, while Baker Hughes Company (BKR) has a volatility of 22.92%. This indicates that ^XOI experiences smaller price fluctuations and is considered to be less risky than BKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.