CL=F vs. SLB
Compare and contrast key facts about Crude Oil WTI (CL=F) and Schlumberger Limited (SLB).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or SLB.
Correlation
The correlation between CL=F and SLB is 0.33, 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. SLB - Performance Comparison
Key characteristics
CL=F:
0.09
SLB:
-0.63
CL=F:
0.32
SLB:
-0.74
CL=F:
1.04
SLB:
0.91
CL=F:
0.05
SLB:
-0.28
CL=F:
0.18
SLB:
-0.94
CL=F:
13.76%
SLB:
17.72%
CL=F:
27.37%
SLB:
26.43%
CL=F:
-93.11%
SLB:
-87.63%
CL=F:
-44.84%
SLB:
-54.10%
Returns By Period
In the year-to-date period, CL=F achieves a 11.74% return, which is significantly higher than SLB's 6.00% return. Over the past 10 years, CL=F has outperformed SLB with an annualized return of 4.48%, while SLB has yielded a comparatively lower -4.08% annualized return.
CL=F
11.74%
13.34%
-1.60%
10.51%
5.69%
4.48%
SLB
6.00%
1.91%
-15.82%
-13.74%
3.43%
-4.08%
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Risk-Adjusted Performance
CL=F vs. SLB — Risk-Adjusted Performance Rank
CL=F
SLB
CL=F vs. SLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and Schlumberger Limited (SLB). 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. SLB - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, which is greater than SLB's maximum drawdown of -87.63%. Use the drawdown chart below to compare losses from any high point for CL=F and SLB. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. SLB - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 6.47% compared to Schlumberger Limited (SLB) at 4.49%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than SLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.