OD7F.DE vs. CADUSD=X
OD7F.DE (WisdomTree WTI Crude Oil) is Oil & Gas fund tracking the Bloomberg WTI Crude Oil Multi-Tenor Index, while CADUSD=X (CAD/USD) is a currency. Over the past 10 years, OD7F.DE returned 5.92%/yr vs -0.89%/yr for CADUSD=X. At a 0.21 correlation, their price movements are largely independent.
Performance
OD7F.DE vs. CADUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, OD7F.DE achieves a 73.70% return, which is significantly higher than CADUSD=X's -1.54% return. Over the past 10 years, OD7F.DE has outperformed CADUSD=X with an annualized return of 5.92%, while CADUSD=X has yielded a comparatively lower -0.89% annualized return.
OD7F.DE
- 1D
- -2.68%
- 1M
- 4.24%
- YTD
- 73.70%
- 6M
- 68.06%
- 1Y
- 67.40%
- 3Y*
- 18.64%
- 5Y*
- 21.03%
- 10Y*
- 5.92%
CADUSD=X
- 1D
- -0.25%
- 1M
- -2.20%
- YTD
- -1.54%
- 6M
- -0.87%
- 1Y
- -1.90%
- 3Y*
- -1.30%
- 5Y*
- -2.84%
- 10Y*
- -0.89%
OD7F.DE vs. CADUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OD7F.DE WisdomTree WTI Crude Oil | 73.70% | -18.46% | 13.79% | -2.17% | 31.69% | 81.53% | -57.03% | 40.41% | -18.19% | -9.32% |
CADUSD=X CAD/USD | -1.54% | 4.79% | -7.90% | 2.28% | -6.69% | 0.74% | 2.00% | 4.99% | -7.77% | 6.90% |
Correlation
The correlation between OD7F.DE and CADUSD=X is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 8, 2009 | 0.21 |
The correlation between OD7F.DE and CADUSD=X shifts across timeframes, from -0.15 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OD7F.DE vs. CADUSD=X — Risk / Return Rank
OD7F.DE
CADUSD=X
OD7F.DE vs. CADUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree WTI Crude Oil (OD7F.DE) and CAD/USD (CADUSD=X). 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.
| OD7F.DE | CADUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.94 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | -0.40 | +3.55 |
| Martin ratioReturn relative to average drawdown | 5.78 | -0.77 | +6.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OD7F.DE | CADUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | -0.38 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.42 | +0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | -0.12 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.07 | -0.05 |
Drawdowns
OD7F.DE vs. CADUSD=X - Drawdown Comparison
The maximum OD7F.DE drawdown since its inception was -96.85%, which is greater than CADUSD=X's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for OD7F.DE and CADUSD=X.
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Drawdown Indicators
| OD7F.DE | CADUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.85% | -35.27% | -61.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.95% | -3.87% | -18.08% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -9.73% | -21.28% |
Max Drawdown (5Y)Largest decline over 5 years | -38.39% | -16.82% | -21.57% |
Max Drawdown (10Y)Largest decline over 10 years | -82.12% | -17.16% | -64.96% |
Current DrawdownCurrent decline from peak | -75.99% | -32.32% | -43.67% |
Average DrawdownAverage peak-to-trough decline | -74.19% | -21.29% | -52.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.02% | 1.62% | +10.40% |
Volatility
OD7F.DE vs. CADUSD=X - Volatility Comparison
WisdomTree WTI Crude Oil (OD7F.DE) has a higher volatility of 15.02% compared to CAD/USD (CADUSD=X) at 0.78%. This indicates that OD7F.DE's price experiences larger fluctuations and is considered to be riskier than CADUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OD7F.DE | CADUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.02% | 0.78% | +14.24% |
Volatility (6M)Calculated over the trailing 6-month period | 36.69% | 3.03% | +33.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.55% | 4.04% | +38.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.15% | 5.82% | +30.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.65% | 6.22% | +32.43% |
Frequently Asked Questions
OD7F.DE and CADUSD=X have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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