NVA.TO vs. CL=F
Compare and contrast key facts about NuVista Energy Ltd. (NVA.TO) and Crude Oil WTI (CL=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVA.TO or CL=F.
Correlation
The correlation between NVA.TO and CL=F is 0.38, 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
NVA.TO vs. CL=F - Performance Comparison
Key characteristics
NVA.TO:
0.69
CL=F:
-0.53
NVA.TO:
1.14
CL=F:
-0.58
NVA.TO:
1.14
CL=F:
0.93
NVA.TO:
0.43
CL=F:
-0.26
NVA.TO:
1.83
CL=F:
-0.96
NVA.TO:
11.10%
CL=F:
14.88%
NVA.TO:
29.71%
CL=F:
26.57%
NVA.TO:
-98.75%
CL=F:
-93.11%
NVA.TO:
-34.01%
CL=F:
-50.58%
Returns By Period
In the year-to-date period, NVA.TO achieves a -6.30% return, which is significantly lower than CL=F's 0.77% return. Over the past 10 years, NVA.TO has outperformed CL=F with an annualized return of 4.50%, while CL=F has yielded a comparatively lower 3.17% annualized return.
NVA.TO
-6.30%
-6.23%
-0.31%
21.37%
41.81%
4.50%
CL=F
0.77%
-6.62%
-0.18%
-8.16%
5.34%
3.17%
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Risk-Adjusted Performance
NVA.TO vs. CL=F — Risk-Adjusted Performance Rank
NVA.TO
CL=F
NVA.TO vs. CL=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NuVista Energy Ltd. (NVA.TO) and Crude Oil WTI (CL=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. CL=F - Drawdown Comparison
The maximum NVA.TO drawdown since its inception was -98.75%, which is greater than CL=F's maximum drawdown of -93.11%. Use the drawdown chart below to compare losses from any high point for NVA.TO and CL=F. For additional features, visit the drawdowns tool.
Volatility
NVA.TO vs. CL=F - Volatility Comparison
NuVista Energy Ltd. (NVA.TO) has a higher volatility of 8.13% compared to Crude Oil WTI (CL=F) at 5.24%. This indicates that NVA.TO's price experiences larger fluctuations and is considered to be riskier than CL=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.