SLB vs. CL=F

Last updated Jun 24, 2026

SLB (SLB N.V.) is a stock, while CL=F (Crude Oil WTI) is an asset. At a 0.06 correlation, their price movements are largely independent.

Performance

SLB vs. CL=F - Performance Comparison

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

Returns By Period

SLB

• 1D: -0.33%
• 1M: -16.13%
• YTD: 25.91%
• 6M: 26.50%
• 1Y: 45.55%
• 3Y*: 3.44%
• 5Y*: 9.90%
• 10Y*: -1.84%

CL=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLB vs. CL=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SLB SLB N.V.	25.91%	3.27%	-24.47%	-0.78%	36.73%
CL=F Crude Oil WTI	0.00%	0.00%	0.00%	0.00%	18.11%

Correlation

The correlation between SLB and CL=F is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.06

Return for Risk

SLB vs. CL=F — Risk / Return Rank

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

SLB

SLB Risk / Return Rank: 78
SLB Sharpe Ratio Rank: 79
SLB Sortino Ratio Rank: 75
SLB Omega Ratio Rank: 73
SLB Calmar Ratio Rank: 81
SLB Martin Ratio Rank: 83

CL=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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

This table presents a comparison of risk-adjusted performance metrics for SLB N.V. (SLB) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SLB	CL=F	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.60	—	—
Martin ratio: Return relative to average drawdown	7.66	—	—

Drawdowns

Drawdown Indicators

	SLB	CL=F	Difference
Max Drawdown Largest peak-to-trough decline	-87.64%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-46.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-84.29%	—	—
Current Drawdown Current decline from peak	-43.45%	—	—
Average Drawdown Average peak-to-trough decline	-31.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	—	—

Volatility

Volatility by Period

	SLB	CL=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.49%	—	—

Frequently Asked Questions

Can I hold both SLB and CL=F in my portfolio?

SLB and CL=F have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.