CL=F vs. GOLD
Compare and contrast key facts about Crude Oil WTI (CL=F) and Barrick Gold Corporation (GOLD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or GOLD.
Correlation
The correlation between CL=F and GOLD is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CL=F vs. GOLD - Performance Comparison
Key characteristics
CL=F:
-0.39
GOLD:
-0.33
CL=F:
-0.37
GOLD:
-0.24
CL=F:
0.96
GOLD:
0.97
CL=F:
-0.20
GOLD:
-0.16
CL=F:
-0.83
GOLD:
-0.97
CL=F:
13.03%
GOLD:
11.27%
CL=F:
27.62%
GOLD:
33.61%
CL=F:
-93.11%
GOLD:
-88.52%
CL=F:
-52.08%
GOLD:
-64.61%
Returns By Period
In the year-to-date period, CL=F achieves a -2.83% return, which is significantly higher than GOLD's -12.73% return. Over the past 10 years, CL=F has underperformed GOLD with an annualized return of 1.85%, while GOLD has yielded a comparatively higher 5.52% annualized return.
CL=F
-2.83%
0.67%
-13.61%
-5.20%
2.53%
1.85%
GOLD
-12.73%
-9.83%
-5.02%
-12.73%
0.21%
5.52%
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Risk-Adjusted Performance
CL=F vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Barrick Gold Corporation (GOLD). 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. GOLD - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, which is greater than GOLD's maximum drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for CL=F and GOLD. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. GOLD - Volatility Comparison
The current volatility for Crude Oil WTI (CL=F) is 7.14%, while Barrick Gold Corporation (GOLD) has a volatility of 8.63%. This indicates that CL=F experiences smaller price fluctuations and is considered to be less risky than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.