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Crude Oil WTI (CL=F)
Performance
Return for Risk
Drawdowns
Volatility

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Crude Oil WTI, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Crude Oil WTI (CL=F) has returned 76.87% so far this year and 42.08% over the past 12 months. Over the last ten years, CL=F has returned 10.69% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Crude Oil WTI

1D
-1.28%
1M
51.54%
YTD
76.87%
6M
62.83%
1Y
42.08%
3Y*
10.24%
5Y*
10.56%
10Y*
10.69%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Mar 30, 1983, CL=F's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, your investment would double in approximately 7.7 years.

Historically, 54% of months were positive and 46% were negative. The best month was May 2020 with a return of +64.0%, while the worst month was Mar 2020 at -45.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, CL=F closed higher 49% of trading days. The best single day was Apr 22, 2020 with a return of +78.8%, while the worst single day was Apr 21, 2020 at -43.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202613.57%2.78%51.54%76.87%
20251.80%-3.82%2.47%-18.56%4.43%7.11%6.37%-7.58%-2.56%-2.23%-2.57%-3.35%-19.41%
20245.39%2.30%6.42%-1.38%-5.60%5.10%-4.71%-5.45%-6.72%1.53%-1.58%5.21%-0.82%
2023-1.59%-2.50%-1.80%1.07%-10.93%3.72%14.89%2.02%7.04%-9.35%-5.53%-5.54%-10.70%
202215.50%8.10%5.37%4.49%8.71%-7.87%-6.16%-7.98%-11.58%8.49%-5.55%-0.26%7.44%
20217.09%17.57%-3.35%7.27%5.48%8.68%0.63%-6.79%9.43%9.48%-19.48%13.71%53.98%

Benchmark Metrics

Crude Oil WTI has an annualized alpha of 8.48%, beta of 0.24, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 31, 1983.

  • This asset participated in 25.64% of S&P 500 Index downside but only 21.39% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.24 may look defensive, but with R² of 0.01 this asset is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this asset's risk.
  • R² of 0.01 means this asset moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
8.48%
Beta
0.24
0.01
Upside Capture
21.39%
Downside Capture
25.64%

Return for Risk

Risk / Return Rank

CL=F ranks 43 for risk / return — on par with similar futures. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


CL=F Risk / Return Rank: 4343
Overall Rank
CL=F Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
CL=F Sortino Ratio Rank: 4949
Sortino Ratio Rank
CL=F Omega Ratio Rank: 4242
Omega Ratio Rank
CL=F Calmar Ratio Rank: 5050
Calmar Ratio Rank
CL=F Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Crude Oil WTI (CL=F) and compare them to a chosen benchmark (S&P 500 Index).


CL=FBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.90

0.90

0.00

Sortino ratio

Return per unit of downside risk

1.42

1.39

+0.04

Omega ratio

Gain probability vs. loss probability

1.20

1.21

-0.01

Calmar ratio

Return relative to maximum drawdown

2.40

1.40

+1.00

Martin ratio

Return relative to average drawdown

3.98

6.61

-2.63

Explore CL=F risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Crude Oil WTI. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Crude Oil WTI was 92.04%, occurring on Apr 21, 2020. The portfolio has not yet recovered.

The current Crude Oil WTI drawdown is 30.10%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-92.04%Jul 6, 20083202Apr 21, 2020
-73.48%Oct 12, 19902051Dec 10, 19981498May 12, 20043549
-67.64%Aug 4, 1983664Mar 31, 19861124Sep 17, 19901788
-34.47%Jul 16, 2006149Jan 18, 2007156Jul 31, 2007305
-26.21%Oct 27, 200433Dec 10, 200468Mar 16, 2005101

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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