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:
-0.06
CL=F:
-0.02
BZ=F:
0.08
CL=F:
0.16
BZ=F:
1.01
CL=F:
1.02
BZ=F:
-0.03
CL=F:
-0.01
BZ=F:
-0.11
CL=F:
-0.05
BZ=F:
14.22%
CL=F:
13.86%
BZ=F:
24.14%
CL=F:
27.29%
BZ=F:
-86.77%
CL=F:
-93.11%
BZ=F:
-44.69%
CL=F:
-46.73%
Returns By Period
The year-to-date returns for both investments are quite close, with BZ=F having a 8.24% return and CL=F slightly higher at 8.62%. Over the past 10 years, BZ=F has outperformed CL=F with an annualized return of 4.93%, while CL=F has yielded a comparatively lower 4.34% annualized return.
BZ=F
8.24%
10.85%
-2.23%
2.84%
4.14%
4.93%
CL=F
8.62%
11.55%
-1.59%
5.42%
5.04%
4.34%
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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 5.67%, while Crude Oil WTI (CL=F) has a volatility of 6.27%. 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.