CL=F vs. SPY
Compare and contrast key facts about Crude Oil WTI (CL=F) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or SPY.
Correlation
The correlation between CL=F and SPY is 0.11, 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. SPY - Performance Comparison
Key characteristics
CL=F:
-0.39
SPY:
2.03
CL=F:
-0.37
SPY:
2.71
CL=F:
0.96
SPY:
1.38
CL=F:
-0.20
SPY:
3.02
CL=F:
-0.83
SPY:
13.49
CL=F:
13.03%
SPY:
1.88%
CL=F:
27.62%
SPY:
12.48%
CL=F:
-93.11%
SPY:
-55.19%
CL=F:
-52.08%
SPY:
-3.54%
Returns By Period
In the year-to-date period, CL=F achieves a -2.83% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, CL=F has underperformed SPY with an annualized return of 1.85%, while SPY has yielded a comparatively higher 12.94% annualized return.
CL=F
-2.83%
0.67%
-13.61%
-5.20%
2.53%
1.85%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
CL=F vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CL=F and SPY. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. SPY - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 7.14% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that CL=F's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.