ES=F vs. CL=F
ES=F (E-mini S&P 500 Futures) and CL=F (Crude Oil WTI) are both assets. At a correlation of -0.05, they often move in opposite directions.
Performance
ES=F vs. CL=F - Performance Comparison
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Returns By Period
ES=F
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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CL=F
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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ES=F vs. CL=F - Yearly Performance Comparison
| 2023 (YTD) | 2022 | |
|---|---|---|
ES=F E-mini S&P 500 Futures | 7.45% | -12.71% |
CL=F Crude Oil WTI | 0.00% | 18.11% |
Correlation
The correlation between ES=F and CL=F is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | -0.05 |
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Return for Risk
ES=F vs. CL=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for E-mini S&P 500 Futures (ES=F) and Crude Oil WTI (CL=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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ES=F vs. CL=F - Drawdown Comparison
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Volatility
ES=F vs. CL=F - Volatility Comparison
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Frequently Asked Questions
ES=F and CL=F have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ES=F and CL=F
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