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:
-0.53
BZ=F:
-0.62
CL=F:
-0.56
BZ=F:
-0.70
CL=F:
0.93
BZ=F:
0.91
CL=F:
-0.27
BZ=F:
-0.29
CL=F:
-1.09
BZ=F:
-1.17
CL=F:
14.59%
BZ=F:
14.36%
CL=F:
29.08%
BZ=F:
26.23%
CL=F:
-93.11%
BZ=F:
-86.77%
CL=F:
-55.48%
BZ=F:
-53.48%
Returns By Period
The year-to-date returns for both investments are quite close, with CL=F having a -9.22% return and BZ=F slightly higher at -8.95%. Over the past 10 years, CL=F has outperformed BZ=F with an annualized return of 1.40%, while BZ=F has yielded a comparatively lower 0.87% annualized return.
CL=F
-9.22%
-3.69%
-6.56%
-21.82%
24.92%
1.40%
BZ=F
-8.95%
-3.36%
-6.49%
-21.98%
18.14%
0.87%
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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 13.78% compared to Crude Oil Brent (BZ=F) at 13.00%. 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.