BZ=F vs. ^GSPC
Compare and contrast key facts about Crude Oil Brent (BZ=F) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or ^GSPC.
Correlation
The correlation between BZ=F and ^GSPC is 0.12, 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
BZ=F vs. ^GSPC - Performance Comparison
Key characteristics
BZ=F:
-0.69
^GSPC:
1.62
BZ=F:
-0.84
^GSPC:
2.20
BZ=F:
0.90
^GSPC:
1.30
BZ=F:
-0.32
^GSPC:
2.46
BZ=F:
-1.17
^GSPC:
10.01
BZ=F:
14.53%
^GSPC:
2.08%
BZ=F:
23.78%
^GSPC:
12.88%
BZ=F:
-86.77%
^GSPC:
-56.78%
BZ=F:
-49.05%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, BZ=F achieves a -0.28% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, BZ=F has underperformed ^GSPC with an annualized return of 2.32%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
BZ=F
-0.28%
-4.76%
-5.81%
-11.04%
4.66%
2.32%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
BZ=F vs. ^GSPC — Risk-Adjusted Performance Rank
BZ=F
^GSPC
BZ=F vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) and S&P 500 (^GSPC). 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
BZ=F vs. ^GSPC - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BZ=F and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. ^GSPC - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 5.33% compared to S&P 500 (^GSPC) at 3.37%. This indicates that BZ=F's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.