CL=F vs. BZ=F
Compare and contrast key facts about Crude Oil WTI (CL=F) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or BZ=F.
Correlation
The correlation between CL=F and BZ=F is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CL=F vs. BZ=F - Performance Comparison
Key characteristics
CL=F:
-0.65
BZ=F:
-0.69
CL=F:
-0.77
BZ=F:
-0.84
CL=F:
0.91
BZ=F:
0.90
CL=F:
-0.32
BZ=F:
-0.32
CL=F:
-1.18
BZ=F:
-1.17
CL=F:
14.92%
BZ=F:
14.53%
CL=F:
26.73%
BZ=F:
23.78%
CL=F:
-93.11%
BZ=F:
-86.77%
CL=F:
-51.67%
BZ=F:
-49.05%
Returns By Period
In the year-to-date period, CL=F achieves a -1.45% return, which is significantly lower than BZ=F's -0.28% return. Over the past 10 years, CL=F has outperformed BZ=F with an annualized return of 3.16%, while BZ=F has yielded a comparatively lower 2.32% annualized return.
CL=F
-1.45%
-6.92%
-5.02%
-10.67%
4.93%
3.16%
BZ=F
-0.28%
-4.76%
-5.81%
-11.04%
4.66%
2.32%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
CL=F vs. BZ=F — Risk-Adjusted Performance Rank
CL=F
BZ=F
CL=F vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Crude Oil Brent (BZ=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
CL=F vs. BZ=F - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, which is greater than BZ=F's maximum drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for CL=F and BZ=F. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. BZ=F - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 5.94% compared to Crude Oil Brent (BZ=F) at 5.31%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.