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:
0.42
BZ=F:
-0.37
HG=F:
0.72
BZ=F:
-0.35
HG=F:
1.09
BZ=F:
0.96
HG=F:
0.41
BZ=F:
-0.17
HG=F:
0.66
BZ=F:
-0.62
HG=F:
14.24%
BZ=F:
14.34%
HG=F:
22.02%
BZ=F:
24.10%
HG=F:
-62.54%
BZ=F:
-86.77%
HG=F:
-17.02%
BZ=F:
-46.76%
Returns By Period
In the year-to-date period, HG=F achieves a 5.50% return, which is significantly higher than BZ=F's 4.21% return. Over the past 10 years, HG=F has outperformed BZ=F with an annualized return of 5.38%, while BZ=F has yielded a comparatively lower 4.59% annualized return.
HG=F
5.50%
4.54%
3.64%
12.07%
9.42%
5.38%
BZ=F
4.21%
7.09%
-4.81%
-2.23%
4.81%
4.59%
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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 4.92%, while Crude Oil Brent (BZ=F) has a volatility of 6.21%. 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.