BZ=F vs. HG=F
Compare and contrast key facts about Crude Oil Brent (BZ=F) and Copper (HG=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or HG=F.
Correlation
The correlation between BZ=F and HG=F is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BZ=F vs. HG=F - Performance Comparison
Key characteristics
BZ=F:
-0.43
HG=F:
0.23
BZ=F:
-0.45
HG=F:
0.47
BZ=F:
0.94
HG=F:
1.06
BZ=F:
-0.20
HG=F:
0.23
BZ=F:
-0.81
HG=F:
0.35
BZ=F:
13.19%
HG=F:
15.00%
BZ=F:
23.96%
HG=F:
23.07%
BZ=F:
-86.77%
HG=F:
-62.54%
BZ=F:
-49.06%
HG=F:
-3.08%
Returns By Period
In the year-to-date period, BZ=F achieves a -0.29% return, which is significantly lower than HG=F's 25.61% return. Over the past 10 years, BZ=F has underperformed HG=F with an annualized return of 2.96%, while HG=F has yielded a comparatively higher 6.25% annualized return.
BZ=F
-0.29%
1.69%
1.65%
-14.87%
18.78%
2.96%
HG=F
25.61%
10.16%
11.52%
25.01%
17.38%
6.25%
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Risk-Adjusted Performance
BZ=F vs. HG=F — Risk-Adjusted Performance Rank
BZ=F
HG=F
BZ=F vs. HG=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) and Copper (HG=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. HG=F - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than HG=F's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BZ=F and HG=F. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. HG=F - Volatility Comparison
The current volatility for Crude Oil Brent (BZ=F) is 4.69%, while Copper (HG=F) has a volatility of 5.51%. This indicates that BZ=F experiences smaller price fluctuations and is considered to be less risky than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.