BZ=F vs. CL=F
Compare and contrast key facts about Crude Oil Brent (BZ=F) and Crude Oil WTI (CL=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or CL=F.
Correlation
The correlation between BZ=F and CL=F is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BZ=F vs. CL=F - Performance Comparison
Key characteristics
BZ=F:
-0.68
CL=F:
-0.45
BZ=F:
-0.82
CL=F:
-0.46
BZ=F:
0.90
CL=F:
0.95
BZ=F:
-0.31
CL=F:
-0.22
BZ=F:
-1.15
CL=F:
-0.82
BZ=F:
14.44%
CL=F:
14.80%
BZ=F:
23.69%
CL=F:
26.55%
BZ=F:
-86.77%
CL=F:
-93.11%
BZ=F:
-48.38%
CL=F:
-50.82%
Returns By Period
In the year-to-date period, BZ=F achieves a 1.03% return, which is significantly higher than CL=F's 0.29% return. Over the past 10 years, BZ=F has underperformed CL=F with an annualized return of 2.19%, while CL=F has yielded a comparatively higher 3.13% annualized return.
BZ=F
1.03%
-6.66%
-2.90%
-9.66%
4.71%
2.19%
CL=F
0.29%
-8.24%
-3.91%
-8.57%
5.28%
3.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BZ=F vs. CL=F — Risk-Adjusted Performance Rank
BZ=F
CL=F
BZ=F vs. CL=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) and Crude Oil WTI (CL=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.
Drawdowns
BZ=F vs. CL=F - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, smaller than the maximum CL=F drawdown of -93.11%. Use the drawdown chart below to compare losses from any high point for BZ=F and CL=F. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. CL=F - Volatility Comparison
The current volatility for Crude Oil Brent (BZ=F) is 4.47%, while Crude Oil WTI (CL=F) has a volatility of 5.10%. This indicates that BZ=F experiences smaller price fluctuations and is considered to be less risky than CL=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.