BZ=F vs. BP

Last updated Jun 24, 2026

BZ=F (Brent Crude Oil Last Day Financial Futures) is an asset, while BP (BP p.l.c.) is a stock. At a 0.02 correlation, their price movements are largely independent.

Performance

BZ=F vs. BP - Performance Comparison

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

Returns By Period

BZ=F

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

BP

• 1D: -1.13%
• 1M: -11.34%
• YTD: 16.03%
• 6M: 16.53%
• 1Y: 36.72%
• 3Y*: 9.90%
• 5Y*: 13.07%
• 10Y*: 7.74%

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

BZ=F vs. BP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BZ=F Brent Crude Oil Last Day Financial Futures	0.00%	0.00%	0.00%	0.00%	20.59%
BP BP p.l.c.	16.03%	24.54%	-11.84%	6.00%	17.43%

Correlation

The correlation between BZ=F and BP 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 (All Time) Calculated using the full available price history since Jan 31, 2022	0.02

Return for Risk

BZ=F vs. BP — Risk / Return Rank

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

BZ=F

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

BP

BP Risk / Return Rank: 77
BP Sharpe Ratio Rank: 80
BP Sortino Ratio Rank: 73
BP Omega Ratio Rank: 73
BP Calmar Ratio Rank: 77
BP Martin Ratio Rank: 84

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.

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

This table presents a comparison of risk-adjusted performance metrics for Brent Crude Oil Last Day Financial Futures (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.

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.

	BZ=F	BP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.37	—
Sortino ratio: Return per unit of downside risk	—	1.83	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.17	—
Martin ratio: Return relative to average drawdown	—	7.81	—

Drawdowns

Drawdown Indicators

	BZ=F	BP	Difference
Max Drawdown Largest peak-to-trough decline	—	-74.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.91%	—
Current Drawdown Current decline from peak	—	-16.48%	—
Average Drawdown Average peak-to-trough decline	—	-25.25%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.71%	—

Volatility

Volatility by Period

	BZ=F	BP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	27.11%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.59%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.23%	—

Frequently Asked Questions

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

BZ=F and BP 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.