BZ=F vs. ^GSPC
Compare and contrast key facts about Crude Oil Brent (BZ=F) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or ^GSPC.
Correlation
The correlation between BZ=F and ^GSPC is 0.12, 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. ^GSPC - Performance Comparison
Key characteristics
BZ=F:
-0.06
^GSPC:
2.06
BZ=F:
0.08
^GSPC:
2.74
BZ=F:
1.01
^GSPC:
1.38
BZ=F:
-0.03
^GSPC:
3.13
BZ=F:
-0.11
^GSPC:
12.84
BZ=F:
14.22%
^GSPC:
2.07%
BZ=F:
24.14%
^GSPC:
12.87%
BZ=F:
-86.77%
^GSPC:
-56.78%
BZ=F:
-44.69%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, BZ=F achieves a 8.24% return, which is significantly higher than ^GSPC's 1.96% return. Over the past 10 years, BZ=F has underperformed ^GSPC with an annualized return of 4.93%, while ^GSPC has yielded a comparatively higher 11.46% annualized return.
BZ=F
8.24%
10.85%
-2.23%
2.84%
4.14%
4.93%
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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Risk-Adjusted Performance
BZ=F vs. ^GSPC — Risk-Adjusted Performance Rank
BZ=F
^GSPC
BZ=F vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) and S&P 500 (^GSPC). 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. ^GSPC - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BZ=F and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. ^GSPC - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 5.67% compared to S&P 500 (^GSPC) at 3.80%. This indicates that BZ=F's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.