CL=F vs. AR
CL=F (Crude Oil WTI) is an asset, while AR (Antero Resources Corporation) is a stock. Over the past 10 years, CL=F returned 6.46%/yr vs 2.38%/yr for AR. At a 0.36 correlation, their price movements are largely independent.
Performance
CL=F vs. AR - Performance Comparison
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Returns By Period
In the year-to-date period, CL=F achieves a 61.81% return, which is significantly higher than AR's 7.66% return. Over the past 10 years, CL=F has outperformed AR with an annualized return of 6.46%, while AR has yielded a comparatively lower 2.38% annualized return.
CL=F
- 1D
- -3.24%
- 1M
- -9.15%
- YTD
- 61.81%
- 6M
- 55.71%
- 1Y
- 47.83%
- 3Y*
- 8.74%
- 5Y*
- 6.01%
- 10Y*
- 6.46%
AR
- 1D
- 1.56%
- 1M
- -5.19%
- YTD
- 7.66%
- 6M
- 1.37%
- 1Y
- -0.54%
- 3Y*
- 21.41%
- 5Y*
- 23.26%
- 10Y*
- 2.38%
CL=F vs. AR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CL=F Crude Oil WTI | 61.81% | -19.41% | -0.82% | -10.70% | 7.44% | 53.98% | -19.98% | 32.92% | -24.35% | 12.51% |
AR Antero Resources Corporation | 7.66% | -1.68% | 54.54% | -26.82% | 77.09% | 221.10% | 91.23% | -69.65% | -50.58% | -19.66% |
Correlation
The correlation between CL=F and AR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2013 | 0.36 |
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Return for Risk
CL=F vs. AR — Risk / Return Rank
CL=F
AR
CL=F vs. AR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Antero Resources Corporation (AR). 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.
| CL=F | AR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.03 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.02 | +1.59 |
| Martin ratioReturn relative to average drawdown | 2.56 | -0.03 | +2.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CL=F | AR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | -0.01 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.48 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.04 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.05 | +0.11 |
Drawdowns
CL=F vs. AR - Drawdown Comparison
The maximum CL=F drawdown since its inception was -92.04%, smaller than the maximum AR drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for CL=F and AR.
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Drawdown Indicators
| CL=F | AR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -99.01% | +6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -27.07% | -31.77% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -39.46% | -33.19% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -53.86% | -58.39% | +4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -97.78% | +12.96% |
Current DrawdownCurrent decline from peak | -36.05% | -44.96% | +8.91% |
Average DrawdownAverage peak-to-trough decline | -40.80% | -61.37% | +20.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.32% | 20.53% | -8.21% |
Volatility
CL=F vs. AR - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 15.67% compared to Antero Resources Corporation (AR) at 10.09%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than AR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CL=F | AR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 10.09% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 46.59% | 26.99% | +19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.35% | 38.71% | +10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.92% | 48.25% | -9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 60.71% | -11.16% |
Frequently Asked Questions
CL=F and AR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CL=F has higher volatility (15.67%) compared to AR (10.09%). In terms of maximum drawdown, CL=F dropped -92.04% vs AR's -99.01%.
CL=F currently has the higher Sharpe Ratio (0.86 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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