TK vs. CL=F
Compare and contrast key facts about Teekay Corporation (TK) and Crude Oil WTI (CL=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TK or CL=F.
Correlation
The correlation between TK and CL=F is 0.21, 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
TK vs. CL=F - Performance Comparison
Key characteristics
TK:
0.54
CL=F:
-0.63
TK:
1.43
CL=F:
-0.73
TK:
1.16
CL=F:
0.91
TK:
0.31
CL=F:
-0.32
TK:
1.56
CL=F:
-1.31
TK:
17.17%
CL=F:
13.68%
TK:
49.58%
CL=F:
27.57%
TK:
-97.03%
CL=F:
-93.11%
TK:
-82.25%
CL=F:
-55.78%
Returns By Period
The year-to-date returns for both investments are quite close, with TK having a -9.96% return and CL=F slightly higher at -9.84%. Over the past 10 years, TK has underperformed CL=F with an annualized return of -13.09%, while CL=F has yielded a comparatively higher 1.85% annualized return.
TK
-9.96%
-6.87%
-25.24%
22.62%
30.00%
-13.09%
CL=F
-9.84%
-5.89%
-12.20%
-24.80%
15.47%
1.85%
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Risk-Adjusted Performance
TK vs. CL=F — Risk-Adjusted Performance Rank
TK
CL=F
TK vs. CL=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Corporation (TK) 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
TK vs. CL=F - Drawdown Comparison
The maximum TK drawdown since its inception was -97.03%, roughly equal to the maximum CL=F drawdown of -93.11%. Use the drawdown chart below to compare losses from any high point for TK and CL=F. For additional features, visit the drawdowns tool.
Volatility
TK vs. CL=F - Volatility Comparison
Teekay Corporation (TK) and Crude Oil WTI (CL=F) have volatilities of 10.15% and 9.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.