NVA.TO vs. BZ=F
Compare and contrast key facts about NuVista Energy Ltd. (NVA.TO) and Crude Oil Brent (BZ=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVA.TO or BZ=F.
Correlation
The correlation between NVA.TO and BZ=F is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVA.TO vs. BZ=F - Performance Comparison
Key characteristics
NVA.TO:
0.58
BZ=F:
-0.61
NVA.TO:
1.01
BZ=F:
-0.72
NVA.TO:
1.12
BZ=F:
0.91
NVA.TO:
0.37
BZ=F:
-0.29
NVA.TO:
1.55
BZ=F:
-1.04
NVA.TO:
11.08%
BZ=F:
14.48%
NVA.TO:
29.59%
BZ=F:
23.70%
NVA.TO:
-98.75%
BZ=F:
-86.77%
NVA.TO:
-36.15%
BZ=F:
-47.98%
Returns By Period
In the year-to-date period, NVA.TO achieves a -9.33% return, which is significantly lower than BZ=F's 1.81% return. Over the past 10 years, NVA.TO has outperformed BZ=F with an annualized return of 4.15%, while BZ=F has yielded a comparatively lower 2.26% annualized return.
NVA.TO
-9.33%
-6.70%
-4.13%
16.45%
40.50%
4.15%
BZ=F
1.81%
-6.29%
-1.57%
-9.06%
4.80%
2.26%
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Risk-Adjusted Performance
NVA.TO vs. BZ=F — Risk-Adjusted Performance Rank
NVA.TO
BZ=F
NVA.TO vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NuVista Energy Ltd. (NVA.TO) 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
NVA.TO vs. BZ=F - Drawdown Comparison
The maximum NVA.TO drawdown since its inception was -98.75%, which is greater than BZ=F's maximum drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for NVA.TO and BZ=F. For additional features, visit the drawdowns tool.
Volatility
NVA.TO vs. BZ=F - Volatility Comparison
NuVista Energy Ltd. (NVA.TO) has a higher volatility of 7.50% compared to Crude Oil Brent (BZ=F) at 4.61%. This indicates that NVA.TO'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.