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:
-0.06
HG=F:
0.62
BZ=F:
0.08
HG=F:
0.97
BZ=F:
1.01
HG=F:
1.13
BZ=F:
-0.03
HG=F:
0.60
BZ=F:
-0.11
HG=F:
0.98
BZ=F:
14.22%
HG=F:
14.07%
BZ=F:
24.14%
HG=F:
22.04%
BZ=F:
-86.77%
HG=F:
-62.54%
BZ=F:
-44.69%
HG=F:
-14.66%
Returns By Period
The year-to-date returns for both investments are quite close, with BZ=F having a 8.24% return and HG=F slightly higher at 8.49%. Over the past 10 years, BZ=F has underperformed HG=F with an annualized return of 4.93%, while HG=F has yielded a comparatively higher 5.23% annualized return.
BZ=F
8.24%
10.85%
-2.23%
2.84%
4.14%
4.93%
HG=F
8.49%
7.72%
3.54%
15.36%
8.78%
5.23%
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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
Crude Oil Brent (BZ=F) has a higher volatility of 5.67% compared to Copper (HG=F) at 4.76%. This indicates that BZ=F's price experiences larger fluctuations and is considered to be riskier than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.