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:
-0.73
CL=F:
-0.70
BZ=F:
-0.88
CL=F:
-0.84
BZ=F:
0.89
CL=F:
0.90
BZ=F:
-0.34
CL=F:
-0.35
BZ=F:
-1.42
CL=F:
-1.48
BZ=F:
13.76%
CL=F:
14.03%
BZ=F:
25.83%
CL=F:
28.61%
BZ=F:
-86.77%
CL=F:
-93.11%
BZ=F:
-55.18%
CL=F:
-57.09%
Returns By Period
The year-to-date returns for both stocks are quite close, with BZ=F having a -12.27% return and CL=F slightly lower at -12.49%. Over the past 10 years, BZ=F has underperformed CL=F with an annualized return of 1.19%, while CL=F has yielded a comparatively higher 1.63% annualized return.
BZ=F
-12.27%
-5.48%
-13.99%
-26.77%
14.84%
1.19%
CL=F
-12.49%
-5.07%
-14.11%
-26.85%
19.40%
1.63%
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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 11.89%, while Crude Oil WTI (CL=F) has a volatility of 12.56%. 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.