CL=F vs. ^NDX

Last updated Jun 9, 2026

CL=F (Crude Oil WTI) is an asset, while ^NDX (NASDAQ 100 Index) is an index. At a correlation of -0.01, they often move in opposite directions.

Performance

CL=F vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crude Oil WTI (CL=F) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CL=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^NDX

• 1D: 1.58%
• 1M: 0.61%
• YTD: 16.49%
• 6M: 14.77%
• 1Y: 35.16%
• 3Y*: 26.51%
• 5Y*: 16.32%
• 10Y*: 20.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CL=F vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CL=F Crude Oil WTI	0.00%	0.00%	0.00%	0.00%	18.11%
^NDX NASDAQ 100 Index	16.49%	20.17%	24.88%	53.81%	-24.32%

Correlation

The correlation between CL=F and ^NDX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.01

Return for Risk

CL=F vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^NDX

^NDX Risk / Return Rank: 76
^NDX Sharpe Ratio Rank: 77
^NDX Sortino Ratio Rank: 75
^NDX Omega Ratio Rank: 79
^NDX Calmar Ratio Rank: 75
^NDX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CL=F vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and NASDAQ 100 Index (^NDX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CL=F	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.57	—

Drawdowns

Drawdown Indicators

	CL=F	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.56%	—
Current Drawdown Current decline from peak	—	-4.06%	—
Average Drawdown Average peak-to-trough decline	—	-24.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.20%	—

Volatility

Volatility by Period

	CL=F	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.59%	—

Frequently Asked Questions

Can I hold both CL=F and ^NDX in my portfolio?

CL=F and ^NDX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.