BTE vs. BZ=F

Last updated Jul 14, 2026

BTE (Baytex Energy Corp) is a stock, while BZ=F (Brent Crude Oil Last Day Financial Futures) is an asset. At a 0.12 correlation, their price movements are largely independent.

Performance

BTE vs. BZ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baytex Energy Corp (BTE) and Brent Crude Oil Last Day Financial Futures (BZ=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTE

• 1D: 3.44%
• 1M: -8.95%
• 6M: 25.12%
• YTD: 31.31%
• 1Y: 123.63%
• 3Y*: 9.50%
• 5Y*: 19.74%
• 10Y*: -2.03%

BZ=F

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTE vs. BZ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BTE Baytex Energy Corp	31.31%	28.83%	-20.55%	-25.70%	25.98%
BZ=F Brent Crude Oil Last Day Financial Futures	0.00%	0.00%	0.00%	0.00%	20.59%

Correlation

The correlation between BTE and BZ=F is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.12

Return for Risk

BTE vs. BZ=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTE

BTE Risk / Return Rank: 94
BTE Sharpe Ratio Rank: 96
BTE Sortino Ratio Rank: 93
BTE Omega Ratio Rank: 91
BTE Calmar Ratio Rank: 93
BTE Martin Ratio Rank: 95

BZ=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BTE vs. BZ=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baytex Energy Corp (BTE) and Brent Crude Oil Last Day Financial Futures (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BTE	BZ=F	Difference
Sharpe ratio: Return per unit of total volatility	2.70	—	—
Sortino ratio: Return per unit of downside risk	3.16	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.54	—	—
Martin ratio: Return relative to average drawdown	14.75	—	—

Drawdowns

Drawdown Indicators

	BTE	BZ=F	Difference
Max Drawdown Largest peak-to-trough decline	-99.55%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-66.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-78.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.27%	—	—
Current Drawdown Current decline from peak	-90.31%	—	—
Average Drawdown Average peak-to-trough decline	-60.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	—	—

Volatility

Volatility by Period

	BTE	BZ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	46.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.23%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.39%	—	—

Frequently Asked Questions

Can I hold both BTE and BZ=F in my portfolio?

BTE and BZ=F have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.