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:
0.30
BZ=F:
-0.44
HG=F:
0.57
BZ=F:
-0.46
HG=F:
1.07
BZ=F:
0.94
HG=F:
0.26
BZ=F:
-0.20
HG=F:
0.51
BZ=F:
-0.80
HG=F:
13.16%
BZ=F:
13.37%
HG=F:
21.73%
BZ=F:
24.38%
HG=F:
-62.54%
BZ=F:
-86.77%
HG=F:
-21.06%
BZ=F:
-50.07%
Returns By Period
In the year-to-date period, HG=F achieves a 4.14% return, which is significantly higher than BZ=F's -5.32% return. Over the past 10 years, HG=F has outperformed BZ=F with an annualized return of 3.47%, while BZ=F has yielded a comparatively lower 1.63% annualized return.
HG=F
4.14%
-2.47%
-10.08%
3.39%
7.43%
3.47%
BZ=F
-5.32%
0.62%
-14.43%
-7.86%
1.87%
1.63%
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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
The current volatility for Copper (HG=F) is 4.19%, while Crude Oil Brent (BZ=F) has a volatility of 5.50%. 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.