CL=F vs. BTC-USD
Compare and contrast key facts about Crude Oil WTI (CL=F) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or BTC-USD.
Correlation
The correlation between CL=F and BTC-USD is 0.02, 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
CL=F vs. BTC-USD - Performance Comparison
Key characteristics
CL=F:
-0.45
BTC-USD:
1.20
CL=F:
-0.46
BTC-USD:
1.91
CL=F:
0.95
BTC-USD:
1.19
CL=F:
-0.22
BTC-USD:
0.93
CL=F:
-0.82
BTC-USD:
6.70
CL=F:
14.80%
BTC-USD:
8.82%
CL=F:
26.55%
BTC-USD:
43.77%
CL=F:
-93.11%
BTC-USD:
-93.07%
CL=F:
-50.82%
BTC-USD:
-9.77%
Returns By Period
In the year-to-date period, CL=F achieves a 0.29% return, which is significantly lower than BTC-USD's 2.51% return. Over the past 10 years, CL=F has underperformed BTC-USD with an annualized return of 3.13%, while BTC-USD has yielded a comparatively higher 81.73% annualized return.
CL=F
0.29%
-8.24%
-3.91%
-8.57%
5.28%
3.13%
BTC-USD
2.51%
-8.27%
60.98%
83.75%
58.30%
81.73%
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Risk-Adjusted Performance
CL=F vs. BTC-USD — Risk-Adjusted Performance Rank
CL=F
BTC-USD
CL=F vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Bitcoin (BTC-USD). 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. BTC-USD - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CL=F and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. BTC-USD - Volatility Comparison
The current volatility for Crude Oil WTI (CL=F) is 5.35%, while Bitcoin (BTC-USD) has a volatility of 9.75%. This indicates that CL=F experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.