BZ=F vs. BP
Compare and contrast key facts about Crude Oil Brent (BZ=F) and BP p.l.c. (BP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or BP.
Key characteristics
| BZ=F | BP | |
|---|---|---|
| YTD Return | 8.97% | 10.59% |
| 1Y Return | 16.07% | 11.21% |
| 3Y Return (Ann) | 7.16% | 19.98% |
| 5Y Return (Ann) | 3.33% | 3.37% |
| 10Y Return (Ann) | -2.39% | 3.17% |
| Sharpe Ratio | 0.37 | 0.51 |
| Daily Std Dev | 27.13% | 20.15% |
| Max Drawdown | -86.77% | -69.44% |
| Current Drawdown | -42.53% | -2.86% |
Correlation
The correlation between BZ=F and BP is 0.35, 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. BP - Performance Comparison
In the year-to-date period, BZ=F achieves a 8.97% return, which is significantly lower than BP's 10.59% return. Over the past 10 years, BZ=F has underperformed BP with an annualized return of -2.39%, while BP has yielded a comparatively higher 3.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BZ=F vs. BP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) and BP p.l.c. (BP). 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. BP - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than BP's maximum drawdown of -69.44%. Use the drawdown chart below to compare losses from any high point for BZ=F and BP. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. BP - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 6.81% compared to BP p.l.c. (BP) at 4.27%. This indicates that BZ=F's price experiences larger fluctuations and is considered to be riskier than BP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.