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:
-0.32
HG=F:
0.42
BZ=F:
-0.28
HG=F:
0.73
BZ=F:
0.96
HG=F:
1.09
BZ=F:
-0.15
HG=F:
0.37
BZ=F:
-0.58
HG=F:
0.72
BZ=F:
13.31%
HG=F:
13.08%
BZ=F:
24.38%
HG=F:
21.64%
BZ=F:
-86.77%
HG=F:
-62.54%
BZ=F:
-49.97%
HG=F:
-19.91%
Returns By Period
In the year-to-date period, BZ=F achieves a -5.14% return, which is significantly lower than HG=F's 5.66% return. Over the past 10 years, BZ=F has underperformed HG=F with an annualized return of 1.70%, while HG=F has yielded a comparatively higher 3.55% annualized return.
BZ=F
-5.14%
0.10%
-14.09%
-7.92%
1.91%
1.70%
HG=F
5.66%
-0.19%
-10.13%
5.24%
7.75%
3.55%
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Risk-Adjusted Performance
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 5.48% compared to Copper (HG=F) at 3.64%. 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.