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 0.35, 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:
-0.24
BZ=F:
-0.78
HG=F:
-0.18
BZ=F:
-0.97
HG=F:
0.98
BZ=F:
0.88
HG=F:
-0.25
BZ=F:
-0.37
HG=F:
-0.38
BZ=F:
-1.51
HG=F:
15.02%
BZ=F:
13.33%
HG=F:
23.42%
BZ=F:
24.92%
HG=F:
-62.54%
BZ=F:
-86.77%
HG=F:
-10.21%
BZ=F:
-54.07%
Returns By Period
In the year-to-date period, HG=F achieves a 16.37% return, which is significantly higher than BZ=F's -10.12% return. Over the past 10 years, HG=F has outperformed BZ=F with an annualized return of 5.52%, while BZ=F has yielded a comparatively lower 1.39% annualized return.
HG=F
16.37%
2.83%
4.08%
11.75%
15.90%
5.52%
BZ=F
-10.12%
-5.56%
-12.99%
-24.91%
13.63%
1.39%
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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
The current volatility for Copper (HG=F) is 7.50%, while Crude Oil Brent (BZ=F) has a volatility of 9.22%. This indicates that HG=F experiences smaller price fluctuations and is considered to be less risky than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.