CL=F vs. BZ=F
CL=F (Crude Oil WTI) and BZ=F (Brent Crude Oil Last Day Financial Futures) are both assets. With a 0.95 correlation, they move nearly in lockstep.
Performance
CL=F vs. BZ=F - Performance Comparison
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Returns By Period
CL=F
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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BZ=F
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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CL=F vs. BZ=F - Yearly Performance Comparison
| 2022 (YTD) | |
|---|---|
CL=F Crude Oil WTI | 18.11% |
BZ=F Brent Crude Oil Last Day Financial Futures | 20.59% |
Correlation
The correlation between CL=F and BZ=F is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.95 |
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Return for Risk
CL=F vs. BZ=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Brent Crude Oil Last Day Financial Futures (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
CL=F vs. BZ=F - Drawdown Comparison
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Volatility
CL=F vs. BZ=F - Volatility Comparison
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Frequently Asked Questions
With a correlation of 0.95, CL=F and BZ=F move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Find the right allocation for CL=F and BZ=F
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