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:
-0.32
^GSPC:
1.90
BZ=F:
-0.28
^GSPC:
2.54
BZ=F:
0.96
^GSPC:
1.35
BZ=F:
-0.15
^GSPC:
2.81
BZ=F:
-0.58
^GSPC:
12.39
BZ=F:
13.31%
^GSPC:
1.93%
BZ=F:
24.38%
^GSPC:
12.58%
BZ=F:
-86.77%
^GSPC:
-56.78%
BZ=F:
-49.97%
^GSPC:
-3.58%
Returns By Period
In the year-to-date period, BZ=F achieves a -5.14% return, which is significantly lower than ^GSPC's 23.11% return. Over the past 10 years, BZ=F has underperformed ^GSPC with an annualized return of 1.70%, while ^GSPC has yielded a comparatively higher 11.01% annualized return.
BZ=F
-5.14%
0.10%
-14.09%
-7.92%
1.91%
1.70%
^GSPC
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
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Risk-Adjusted Performance
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 5.48% compared to S&P 500 (^GSPC) at 3.54%. 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.