BRNT.L vs. BTC-USD
BRNT.L (WisdomTree Brent Crude Oil) is Oil & Gas fund tracking the Bloomberg Brent Crude Subindex, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BRNT.L returned 13.59%/yr vs 59.37%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
BRNT.L vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BRNT.L achieves a 80.13% return, which is significantly higher than BTC-USD's -29.97% return. Over the past 10 years, BRNT.L has underperformed BTC-USD with an annualized return of 13.59%, while BTC-USD has yielded a comparatively higher 59.37% annualized return.
BRNT.L
- 1D
- -2.63%
- 1M
- -1.61%
- YTD
- 80.13%
- 6M
- 75.56%
- 1Y
- 82.10%
- 3Y*
- 24.57%
- 5Y*
- 23.51%
- 10Y*
- 13.59%
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
BRNT.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRNT.L WisdomTree Brent Crude Oil | 80.13% | -6.34% | 7.45% | 1.08% | 35.10% | 66.26% | -33.22% | 32.15% | -13.92% | 12.39% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between BRNT.L and BTC-USD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.01 |
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Return for Risk
BRNT.L vs. BTC-USD — Risk / Return Rank
BRNT.L
BTC-USD
BRNT.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Brent Crude Oil (BRNT.L) and Bitcoin (BTC-USD). 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.
| BRNT.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.87 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | -0.78 | +5.29 |
| Martin ratioReturn relative to average drawdown | 8.41 | -1.39 | +9.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRNT.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | -0.93 | +2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.21 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.87 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.13 | -1.09 |
Drawdowns
BRNT.L vs. BTC-USD - Drawdown Comparison
The maximum BRNT.L drawdown since its inception was -85.97%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BRNT.L and BTC-USD.
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Drawdown Indicators
| BRNT.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -85.30% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.66% | -50.87% | +32.21% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | -50.87% | +25.99% |
Max Drawdown (5Y)Largest decline over 5 years | -31.44% | -76.67% | +45.23% |
Max Drawdown (10Y)Largest decline over 10 years | -71.94% | -83.80% | +11.86% |
Current DrawdownCurrent decline from peak | -9.61% | -50.87% | +41.26% |
Average DrawdownAverage peak-to-trough decline | -48.63% | -42.29% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 34.02% | -24.00% |
Volatility
BRNT.L vs. BTC-USD - Volatility Comparison
WisdomTree Brent Crude Oil (BRNT.L) has a higher volatility of 15.37% compared to Bitcoin (BTC-USD) at 10.54%. This indicates that BRNT.L's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRNT.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 10.54% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 36.91% | 34.26% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.09% | 35.65% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.68% | 44.98% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.36% | 56.70% | -21.34% |
Frequently Asked Questions
BRNT.L and BTC-USD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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