CL=F vs. BZ=F
Compare and contrast key facts about Crude Oil WTI (CL=F) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or BZ=F.
Correlation
The correlation between CL=F and BZ=F is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CL=F vs. BZ=F - Performance Comparison
Key characteristics
CL=F:
-0.02
BZ=F:
-0.06
CL=F:
0.16
BZ=F:
0.08
CL=F:
1.02
BZ=F:
1.01
CL=F:
-0.01
BZ=F:
-0.03
CL=F:
-0.05
BZ=F:
-0.11
CL=F:
13.86%
BZ=F:
14.22%
CL=F:
27.29%
BZ=F:
24.14%
CL=F:
-93.11%
BZ=F:
-86.77%
CL=F:
-46.73%
BZ=F:
-44.69%
Returns By Period
The year-to-date returns for both stocks are quite close, with CL=F having a 8.62% return and BZ=F slightly lower at 8.24%. Over the past 10 years, CL=F has underperformed BZ=F with an annualized return of 4.61%, while BZ=F has yielded a comparatively higher 5.14% annualized return.
CL=F
8.62%
10.53%
-1.59%
4.65%
5.04%
4.61%
BZ=F
8.24%
10.08%
-2.23%
2.14%
4.25%
5.14%
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Risk-Adjusted Performance
CL=F vs. BZ=F — Risk-Adjusted Performance Rank
CL=F
BZ=F
CL=F vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Crude Oil Brent (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.
Drawdowns
CL=F vs. BZ=F - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, which is greater than BZ=F's maximum drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for CL=F and BZ=F. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. BZ=F - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 6.27% compared to Crude Oil Brent (BZ=F) at 5.67%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.