GC=F vs. BZ=F
GC=F (Gold Futures) and BZ=F (Brent Crude Oil Last Day Financial Futures) are both assets. At a 0.47 correlation, their price movements are largely independent.
Performance
GC=F vs. BZ=F - Performance Comparison
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Returns By Period
GC=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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BZ=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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GC=F vs. BZ=F - Yearly Performance Comparison
| 2022 (YTD) | |
|---|---|
GC=F Gold Futures | 5.84% |
BZ=F Brent Crude Oil Last Day Financial Futures | 20.59% |
Correlation
The correlation between GC=F and BZ=F is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.47 |
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Return for Risk
GC=F vs. BZ=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and Brent Crude Oil Last Day Financial Futures (BZ=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
GC=F vs. BZ=F - Drawdown Comparison
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Volatility
GC=F vs. BZ=F - Volatility Comparison
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Frequently Asked Questions
GC=F and BZ=F have a correlation of 0.47, 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 GC=F and BZ=F
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