CL=F vs. FANG

Last updated Apr 3, 2026

Compare and contrast key facts about Crude Oil WTI (CL=F) and Diamondback Energy, Inc. (FANG).

Performance

CL=F vs. FANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crude Oil WTI (CL=F) and Diamondback Energy, Inc. (FANG). The values are adjusted to include any dividend payments, if applicable.

CL=F vs. FANG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CL=F Crude Oil WTI	95.16%	-19.41%	-0.82%	-10.70%	7.44%	53.98%	-19.98%	32.92%	-24.35%	12.51%
FANG Diamondback Energy, Inc.	29.74%	-5.64%	10.35%	19.66%	35.34%	127.51%	-46.00%	0.92%	-26.35%	24.93%

Returns By Period

In the year-to-date period, CL=F achieves a 95.16% return, which is significantly higher than FANG's 29.74% return. Over the past 10 years, CL=F has underperformed FANG with an annualized return of 12.12%, while FANG has yielded a comparatively higher 12.97% annualized return.

CL=F

• 1D: 11.93%
• 1M: 50.30%
• YTD: 95.16%
• 6M: 85.28%
• 1Y: 56.27%
• 3Y*: 11.68%
• 5Y*: 12.76%
• 10Y*: 12.12%

FANG

• 1D: 1.71%
• 1M: 9.86%
• YTD: 29.74%
• 6M: 37.15%
• 1Y: 23.33%
• 3Y*: 14.46%
• 5Y*: 24.15%
• 10Y*: 12.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CL=F vs. FANG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CL=F

CL=F Risk / Return Rank: 65
CL=F Sharpe Ratio Rank: 64
CL=F Sortino Ratio Rank: 69
CL=F Omega Ratio Rank: 61
CL=F Calmar Ratio Rank: 90
CL=F Martin Ratio Rank: 42

FANG

FANG Risk / Return Rank: 58
FANG Sharpe Ratio Rank: 61
FANG Sortino Ratio Rank: 54
FANG Omega Ratio Rank: 56
FANG Calmar Ratio Rank: 59
FANG Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CL=F vs. FANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Diamondback Energy, Inc. (FANG). 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	FANG	Difference
Sharpe ratio Return per unit of total volatility	1.15	0.60	+0.56
Sortino ratio Return per unit of downside risk	1.74	1.03	+0.72
Omega ratio Gain probability vs. loss probability	1.24	1.14	+0.10
Calmar ratio Return relative to maximum drawdown	2.91	0.91	+2.00
Martin ratio Return relative to average drawdown	4.83	2.30	+2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CL=F vs. FANG - Sharpe Ratio Comparison

The current CL=F Sharpe Ratio is 1.15, which is higher than the FANG Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of CL=F and FANG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CL=F	FANG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	0.60	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.63	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.27	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.47	-0.39

Correlation

The correlation between CL=F and FANG is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

CL=F vs. FANG - Drawdown Comparison

The maximum CL=F drawdown since its inception was -92.04%, roughly equal to the maximum FANG drawdown of -88.72%. Use the drawdown chart below to compare losses from any high point for CL=F and FANG.

Drawdown Indicators

	CL=F	FANG	Difference
Max Drawdown Largest peak-to-trough decline	-92.04%	-88.72%	-3.32%
Max Drawdown (1Y) Largest decline over 1 year	-27.07%	-15.59%	-11.48%
Max Drawdown (5Y) Largest decline over 5 years	-53.86%	-42.10%	-11.76%
Max Drawdown (10Y) Largest decline over 10 years	-84.82%	-88.72%	+3.90%
Current Drawdown Current decline from peak	-22.87%	-4.11%	-18.76%
Average Drawdown Average peak-to-trough decline	-40.84%	-19.57%	-21.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.32%	10.34%	+5.98%

Volatility

CL=F vs. FANG - Volatility Comparison

Crude Oil WTI (CL=F) has a higher volatility of 28.87% compared to Diamondback Energy, Inc. (FANG) at 8.21%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than FANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CL=F	FANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.87%	8.21%	+20.66%
Volatility (6M) Calculated over the trailing 6-month period	34.98%	20.96%	+14.02%
Volatility (1Y) Calculated over the trailing 1-year period	42.54%	39.25%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.87%	38.38%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.84%	48.95%	-0.11%