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:
0.57
BZ=F:
-0.61
HG=F:
0.91
BZ=F:
-0.71
HG=F:
1.11
BZ=F:
0.91
HG=F:
0.57
BZ=F:
-0.28
HG=F:
0.88
BZ=F:
-1.02
HG=F:
14.81%
BZ=F:
14.52%
HG=F:
22.42%
BZ=F:
23.65%
HG=F:
-62.54%
BZ=F:
-86.77%
HG=F:
-10.65%
BZ=F:
-47.71%
Returns By Period
In the year-to-date period, HG=F achieves a 13.59% return, which is significantly higher than BZ=F's 2.34% return. Over the past 10 years, HG=F has outperformed BZ=F with an annualized return of 5.77%, while BZ=F has yielded a comparatively lower 2.53% annualized return.
HG=F
13.59%
5.36%
10.45%
18.05%
11.59%
5.77%
BZ=F
2.34%
-2.56%
-1.07%
-8.00%
5.17%
2.53%
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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 6.79% compared to Crude Oil Brent (BZ=F) at 4.55%. 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.