PL=F vs. CL=F

Last updated Apr 3, 2026

Compare and contrast key facts about Platinum (PL=F) and Crude Oil WTI (CL=F).

Performance

PL=F vs. CL=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Platinum (PL=F) and Crude Oil WTI (CL=F). The values are adjusted to include any dividend payments, if applicable.

PL=F vs. CL=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PL=F Platinum	-1.72%	123.45%	-9.78%	-6.81%	12.08%	-10.47%	10.37%	22.13%	-14.68%	3.60%
CL=F Crude Oil WTI	95.16%	-19.41%	-0.82%	-10.70%	7.44%	53.98%	-19.98%	32.92%	-24.35%	12.51%

Returns By Period

In the year-to-date period, PL=F achieves a -1.72% return, which is significantly lower than CL=F's 95.16% return. Over the past 10 years, PL=F has underperformed CL=F with an annualized return of 7.80%, while CL=F has yielded a comparatively higher 12.12% annualized return.

PL=F

• 1D: 0.49%
• 1M: -3.63%
• YTD: -1.72%
• 6M: 27.86%
• 1Y: 100.91%
• 3Y*: 26.13%
• 5Y*: 10.59%
• 10Y*: 7.80%

CL=F

• 1D: 11.93%
• 1M: 50.30%
• YTD: 95.16%
• 6M: 85.28%
• 1Y: 56.27%
• 3Y*: 11.68%
• 5Y*: 12.76%
• 10Y*: 12.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PL=F vs. CL=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PL=F

PL=F Risk / Return Rank: 94
PL=F Sharpe Ratio Rank: 100
PL=F Sortino Ratio Rank: 89
PL=F Omega Ratio Rank: 100
PL=F Calmar Ratio Rank: 100
PL=F Martin Ratio Rank: 79

CL=F

CL=F Risk / Return Rank: 65
CL=F Sharpe Ratio Rank: 64
CL=F Sortino Ratio Rank: 69
CL=F Omega Ratio Rank: 61
CL=F Calmar Ratio Rank: 90
CL=F Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PL=F vs. CL=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Platinum (PL=F) 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.

	PL=F	CL=F	Difference
Sharpe ratio Return per unit of total volatility	1.83	1.15	+0.68
Sortino ratio Return per unit of downside risk	2.08	1.74	+0.34
Omega ratio Gain probability vs. loss probability	1.32	1.24	+0.09
Calmar ratio Return relative to maximum drawdown	3.14	2.91	+0.23
Martin ratio Return relative to average drawdown	8.75	4.83	+3.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PL=F vs. CL=F - Sharpe Ratio Comparison

The current PL=F Sharpe Ratio is 1.83, which is higher than the CL=F Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of PL=F and CL=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PL=F	CL=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.15	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.33	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.24	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.08	+0.04

Correlation

The correlation between PL=F and CL=F is 0.22, 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.

Drawdowns

PL=F vs. CL=F - Drawdown Comparison

The maximum PL=F drawdown since its inception was -68.68%, smaller than the maximum CL=F drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for PL=F and CL=F.

Drawdown Indicators

	PL=F	CL=F	Difference
Max Drawdown Largest peak-to-trough decline	-68.68%	-92.04%	+23.36%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-27.07%	-8.46%
Max Drawdown (5Y) Largest decline over 5 years	-36.35%	-53.86%	+17.51%
Max Drawdown (10Y) Largest decline over 10 years	-49.56%	-84.82%	+35.26%
Current Drawdown Current decline from peak	-29.90%	-22.87%	-7.03%
Average Drawdown Average peak-to-trough decline	-36.47%	-40.84%	+4.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.77%	16.32%	-3.55%

Volatility

PL=F vs. CL=F - Volatility Comparison

The current volatility for Platinum (PL=F) is 14.12%, while Crude Oil WTI (CL=F) has a volatility of 28.87%. This indicates that PL=F experiences smaller price fluctuations and is considered to be less risky than CL=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PL=F	CL=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.12%	28.87%	-14.75%
Volatility (6M) Calculated over the trailing 6-month period	49.49%	34.98%	+14.51%
Volatility (1Y) Calculated over the trailing 1-year period	53.14%	42.54%	+10.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.23%	36.87%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.52%	48.84%	-17.32%