HG=F vs. BZ=F
Compare and contrast key facts about Copper (HG=F) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HG=F or BZ=F.
Correlation
The correlation between HG=F and BZ=F is 0.29, 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
HG=F vs. BZ=F - Performance Comparison
Key characteristics
HG=F:
0.13
BZ=F:
-0.65
HG=F:
0.34
BZ=F:
-0.76
HG=F:
1.05
BZ=F:
0.91
HG=F:
0.14
BZ=F:
-0.31
HG=F:
0.36
BZ=F:
-1.18
HG=F:
8.73%
BZ=F:
14.82%
HG=F:
25.56%
BZ=F:
26.26%
HG=F:
-62.54%
BZ=F:
-86.77%
HG=F:
-7.25%
BZ=F:
-54.86%
Returns By Period
In the year-to-date period, HG=F achieves a 20.20% return, which is significantly higher than BZ=F's -11.66% return. Over the past 10 years, HG=F has outperformed BZ=F with an annualized return of 5.61%, while BZ=F has yielded a comparatively lower 0.19% annualized return.
HG=F
20.20%
-7.25%
11.53%
5.90%
15.14%
5.61%
BZ=F
-11.66%
-10.64%
-12.81%
-25.92%
23.58%
0.19%
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Risk-Adjusted Performance
HG=F vs. BZ=F — Risk-Adjusted Performance Rank
HG=F
BZ=F
HG=F vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) and Crude Oil Brent (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.
Drawdowns
HG=F vs. BZ=F - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, smaller than the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for HG=F and BZ=F. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. BZ=F - Volatility Comparison
Copper (HG=F) has a higher volatility of 13.73% compared to Crude Oil Brent (BZ=F) at 12.95%. This indicates that HG=F's price experiences larger fluctuations and is considered to be riskier than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.