BZ=F vs. FIBUX

Last updated Jul 31, 2026

BZ=F (Brent Crude Oil Last Day Financial Futures) is an asset, while FIBUX (Fidelity Flex U.S. Bond Index Fund) is Total Bond Market fund managed by Fidelity. Their 0.01 correlation means their historical movements had little consistent relationship.

Performance

BZ=F vs. FIBUX - 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 Fidelity Flex U.S. Bond Index Fund (FIBUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BZ=F

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

FIBUX

• 1D: -0.33%
• 1M: -1.42%
• 6M: -0.63%
• YTD: -0.63%
• 1Y: 3.00%
• 3Y*: 3.81%
• 5Y*: -0.53%
• 10Y*: —
• ALL TIME*: 1.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIBUX Fidelity Flex U.S. Bond Index Fund	$0.00	$0.00	$0.00

BZ=F vs. FIBUX - 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%
FIBUX Fidelity Flex U.S. Bond Index Fund	-0.63%	7.20%	1.31%	5.46%	-11.47%

Correlation

The correlation between BZ=F and FIBUX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.01

Return for Risk

BZ=F vs. FIBUX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

FIBUX

FIBUX Risk / Return Rank: 16
FIBUX Sharpe Ratio Rank: 17
FIBUX Sortino Ratio Rank: 16
FIBUX Omega Ratio Rank: 15
FIBUX Calmar Ratio Rank: 17
FIBUX Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BZ=F vs. FIBUX - 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 Fidelity Flex U.S. Bond Index Fund (FIBUX). 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	FIBUX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.69	—
Sortino ratio: Return per unit of downside risk	—	1.02	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.90	—
Martin ratio: Return relative to average drawdown	—	2.23	—

Drawdowns

Drawdown Indicators

	BZ=F	FIBUX	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.76%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.40%	—
Current Drawdown Current decline from peak	—	-4.49%	—
Average Drawdown Average peak-to-trough decline	—	-5.76%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.20%	—

Volatility

Volatility by Period

	BZ=F	FIBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.91%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.09%	—

Frequently Asked Questions

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

BZ=F and FIBUX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.