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.
Key characteristics
| HG=F | BZ=F | |
|---|---|---|
| YTD Return | 14.69% | 12.51% |
| 1Y Return | 17.77% | 16.12% |
| 3Y Return (Ann) | 1.32% | 4.17% |
| 5Y Return (Ann) | 10.55% | 6.22% |
| 10Y Return (Ann) | 3.08% | -2.34% |
| Sharpe Ratio | 0.68 | 0.08 |
| Daily Std Dev | 19.53% | 25.05% |
| Max Drawdown | -62.54% | -86.77% |
| Current Drawdown | -13.06% | -40.66% |
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
In the year-to-date period, HG=F achieves a 14.69% return, which is significantly higher than BZ=F's 12.51% return. Over the past 10 years, HG=F has outperformed BZ=F with an annualized return of 3.08%, while BZ=F has yielded a comparatively lower -2.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 5.87% compared to Crude Oil Brent (BZ=F) at 4.69%. 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.