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:
-0.32
CL=F:
-0.39
BZ=F:
-0.28
CL=F:
-0.37
BZ=F:
0.96
CL=F:
0.96
BZ=F:
-0.15
CL=F:
-0.20
BZ=F:
-0.58
CL=F:
-0.83
BZ=F:
13.31%
CL=F:
13.03%
BZ=F:
24.38%
CL=F:
27.62%
BZ=F:
-86.77%
CL=F:
-93.11%
BZ=F:
-49.97%
CL=F:
-52.08%
Returns By Period
In the year-to-date period, BZ=F achieves a -5.14% return, which is significantly lower than CL=F's -2.83% return. Over the past 10 years, BZ=F has underperformed CL=F with an annualized return of 1.70%, while CL=F has yielded a comparatively higher 1.85% annualized return.
BZ=F
-5.14%
0.10%
-14.09%
-7.92%
1.91%
1.70%
CL=F
-2.83%
0.67%
-13.61%
-5.20%
2.53%
1.85%
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Risk-Adjusted Performance
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 5.48%, while Crude Oil WTI (CL=F) has a volatility of 6.69%. 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.