CL=F vs. BTC-USD
CL=F (Crude Oil WTI) is an asset, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, CL=F returned 6.75%/yr vs 60.98%/yr for BTC-USD. At a 0.02 correlation, their price movements are largely independent.
Performance
CL=F vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CL=F achieves a 62.64% return, which is significantly higher than BTC-USD's -23.17% return. Over the past 10 years, CL=F has underperformed BTC-USD with an annualized return of 6.75%, while BTC-USD has yielded a comparatively higher 60.98% annualized return.
CL=F
- 1D
- 1.33%
- 1M
- -8.39%
- YTD
- 62.64%
- 6M
- 59.26%
- 1Y
- 49.38%
- 3Y*
- 9.14%
- 5Y*
- 6.36%
- 10Y*
- 6.75%
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
CL=F vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CL=F Crude Oil WTI | 62.64% | -19.41% | -0.82% | -10.70% | 7.44% | 53.98% | -19.98% | 32.92% | -24.35% | 12.51% |
BTC-USD Bitcoin | -23.17% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between CL=F and BTC-USD is -0.04, 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 (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2012 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CL=F vs. BTC-USD — Risk / Return Rank
CL=F
BTC-USD
CL=F vs. BTC-USD - Risk-Adjusted Trends 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.
| CL=F | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | -0.85 | +1.74 |
Sortino ratioReturn per unit of downside risk | 1.38 | -1.14 | +2.52 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.88 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | -1.07 | +2.56 |
Martin ratioReturn relative to average drawdown | 3.14 | -1.57 | +4.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CL=F | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | -0.85 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.24 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.89 | -0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 1.14 | -1.08 |
Drawdowns
CL=F vs. BTC-USD - Drawdown Comparison
The maximum CL=F drawdown since its inception was -92.04%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CL=F and BTC-USD.
Loading charts...
Drawdown Indicators
| CL=F | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -85.30% | -6.74% |
Max Drawdown (1Y)Largest decline over 1 year | -27.07% | -49.65% | +22.58% |
Max Drawdown (3Y)Largest decline over 3 years | -39.46% | -49.65% | +10.19% |
Max Drawdown (5Y)Largest decline over 5 years | -53.86% | -76.67% | +22.81% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -83.80% | -1.02% |
Current DrawdownCurrent decline from peak | -35.72% | -46.10% | +10.38% |
Average DrawdownAverage peak-to-trough decline | -40.81% | -42.27% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.23% | 33.71% | -21.48% |
Volatility
CL=F vs. BTC-USD - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 17.06% compared to Bitcoin (BTC-USD) at 9.90%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CL=F | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.06% | 9.90% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 46.43% | 33.98% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.20% | 35.37% | +13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.88% | 45.01% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 56.68% | -7.13% |
Frequently Asked Questions
CL=F and BTC-USD have a correlation of -0.04, 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 (17.06%) compared to BTC-USD (9.90%). In terms of maximum drawdown, CL=F dropped -92.04% vs BTC-USD's -85.30%.
CL=F currently has the higher Sharpe Ratio (0.89 vs -0.85), 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.
Find the right allocation for CL=F and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer