RUB=X vs. BZ=F

Last updated Apr 3, 2026

Compare and contrast key facts about USD/RUB (RUB=X) and Crude Oil Brent (BZ=F).

Performance

RUB=X vs. BZ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a RUB 10,000 investment in USD/RUB (RUB=X) and Crude Oil Brent (BZ=F). The values are adjusted to include any dividend payments, if applicable.

RUB=X vs. BZ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RUB=X USD/RUB	1.40%	-27.92%	22.80%	23.24%	-3.42%	1.46%	19.26%	-10.38%	20.06%	-6.34%
BZ=F Crude Oil Brent	81.72%	-41.24%	18.98%	10.52%	6.68%	52.35%	-6.40%	9.94%	-3.41%	10.22%

Different Trading Currencies

RUB=X is traded in RUB, while BZ=F is traded in USD. To make them comparable, the BZ=F values have been converted to RUB using the latest available exchange rates.

Returns By Period

In the year-to-date period, RUB=X achieves a 1.40% return, which is significantly lower than BZ=F's 81.72% return. Over the past 10 years, RUB=X has underperformed BZ=F with an annualized return of 1.60%, while BZ=F has yielded a comparatively higher 12.99% annualized return.

RUB=X

• 1D: -0.11%
• 1M: 3.28%
• YTD: 1.40%
• 6M: -2.84%
• 1Y: -4.81%
• 3Y*: 0.65%
• 5Y*: 0.94%
• 10Y*: 1.60%

BZ=F

• 1D: 7.68%
• 1M: 38.36%
• YTD: 81.72%
• 6M: 65.27%
• 1Y: 38.49%
• 3Y*: 9.39%
• 5Y*: 12.11%
• 10Y*: 12.99%

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

Return for Risk

RUB=X vs. BZ=F — Risk / Return Rank

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

RUB=X

RUB=X Risk / Return Rank: 48
RUB=X Sharpe Ratio Rank: 45
RUB=X Sortino Ratio Rank: 46
RUB=X Omega Ratio Rank: 45
RUB=X Calmar Ratio Rank: 53
RUB=X Martin Ratio Rank: 53

BZ=F

BZ=F Risk / Return Rank: 52
BZ=F Sharpe Ratio Rank: 46
BZ=F Sortino Ratio Rank: 45
BZ=F Omega Ratio Rank: 43
BZ=F Calmar Ratio Rank: 85
BZ=F Martin Ratio Rank: 41

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.

RUB=X vs. BZ=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/RUB (RUB=X) 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.

	RUB=X	BZ=F	Difference
Sharpe ratio Return per unit of total volatility	-0.24	0.71	-0.95
Sortino ratio Return per unit of downside risk	-0.22	1.21	-1.43
Omega ratio Gain probability vs. loss probability	0.97	1.17	-0.20
Calmar ratio Return relative to maximum drawdown	0.02	3.01	-2.99
Martin ratio Return relative to average drawdown	0.05	5.49	-5.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RUB=X vs. BZ=F - Sharpe Ratio Comparison

The current RUB=X Sharpe Ratio is -0.24, which is lower than the BZ=F Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of RUB=X and BZ=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

	RUB=X	BZ=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	0.71	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.24	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.29	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.22	+0.07

Correlation

The correlation between RUB=X and BZ=F is 0.15, 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

RUB=X vs. BZ=F - Drawdown Comparison

The maximum RUB=X drawdown since its inception was -62.40%, smaller than the maximum BZ=F drawdown of -74.01%. Use the drawdown chart below to compare losses from any high point for RUB=X and BZ=F.

Drawdown Indicators

	RUB=X	BZ=F	Difference
Max Drawdown Largest peak-to-trough decline	-62.40%	-86.77%	+24.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.07%	-23.58%	+9.51%
Max Drawdown (5Y) Largest decline over 5 years	-62.40%	-53.96%	-8.44%
Max Drawdown (10Y) Largest decline over 10 years	-62.40%	-77.60%	+15.20%
Current Drawdown Current decline from peak	-42.00%	-25.35%	-16.65%
Average Drawdown Average peak-to-trough decline	-20.05%	-41.03%	+20.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	13.39%	-7.89%

Volatility

RUB=X vs. BZ=F - Volatility Comparison

The current volatility for USD/RUB (RUB=X) is 6.29%, while Crude Oil Brent (BZ=F) has a volatility of 33.02%. This indicates that RUB=X 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.

Volatility by Period

	RUB=X	BZ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	33.02%	-26.73%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	39.20%	-28.34%
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	47.10%	-30.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.51%	48.06%	-18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	43.00%	-19.65%