Asset Comparison
Compare gold, the US dollar, BIST 100, S&P 500, stocks or crypto assets on the same chart. Review the correlation (r), the normalised return difference and annualised volatility over the selected period. Results are for information only and are not investment advice.
Observed historical closes on shared dates in the selected currency with historical FX. Returns exclude dividends and fees. Volatility and correlation use successive log returns.
Assets to compare
Select two stocks, commodities, currencies or crypto assets to review normalized returns, the correlation coefficient and, where units allow, the last price ratio.
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Past correlation does not determine future risk or maximum loss. Weighted scenarios exclude trading, fees, taxes and rebalancing.
How to read the asset comparison
The comparison tool matches the real historical closes of two assets on common dates over the selected period and shows them on one chart. You can start from one of the ready-made pairs or pick two assets from different markets yourself; below you will find how the figures on the chart are calculated and how to read them.
Normalised return
When two assets have very different price levels, plotting their prices on the same axis is misleading. The tool therefore treats the first common date of the selected period as the starting point and plots the relative change of each asset since then. That way the higher-priced asset does not dominate the chart; only percentage changes are compared.
Correlation coefficient
The Pearson correlation coefficient summarises how closely the returns of two assets move together, as a value between minus one and plus one. Values near plus one indicate movement in the same direction, values near minus one movement in opposite directions, and values near zero no clear linear relationship. The coefficient is calculated only when there are enough common observations, and it does not imply that the past relationship will continue.
Volatility and price ratio
Annualised volatility scales the dispersion of returns to a yearly basis; a higher value means the price has swung more sharply. The price ratio divides two prices in the same currency and tells you how many units of one asset correspond to one unit of the other. On its own, this ratio says nothing about whether an asset is cheap or expensive, or about future returns.
Data, currency and date matching
Assets in different currencies are compared after converting them into the selected currency at the rates of each date, so the result also includes the effect of exchange rate changes. Returns exclude dividends and commissions. Crypto, which trades at weekends, and shares, which trade on weekdays, are matched only on the dates they have in common.