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:
-0.56
BZ=F:
-0.61
CL=F:
-0.63
BZ=F:
-0.71
CL=F:
0.93
BZ=F:
0.91
CL=F:
-0.27
BZ=F:
-0.28
CL=F:
-1.00
BZ=F:
-1.02
CL=F:
14.91%
BZ=F:
14.52%
CL=F:
26.57%
BZ=F:
23.65%
CL=F:
-93.11%
BZ=F:
-86.77%
CL=F:
-50.16%
BZ=F:
-47.71%
Returns By Period
In the year-to-date period, CL=F achieves a 1.63% return, which is significantly lower than BZ=F's 2.34% return. Over the past 10 years, CL=F has outperformed BZ=F with an annualized return of 3.41%, while BZ=F has yielded a comparatively lower 2.53% annualized return.
CL=F
1.63%
-4.59%
0.18%
-7.06%
5.49%
3.41%
BZ=F
2.34%
-2.56%
-1.07%
-8.00%
5.17%
2.53%
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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 5.06% compared to Crude Oil Brent (BZ=F) at 4.59%. 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.