Commodity Returns

Last Update: 29 February 2024

The best Commodity in the last 30 years is Brent Oil, that granded a +6.58% annualized return.

The worst is Natural Gas, with a -13.69% annualized return in the last 5 years.

The main Commodities can be easily replicated by ETFs.

Commodity Metrics

Columns are sortable, assets are pre-ordered by 30 year return.

COMMODITIES
Metrics: Return - Risk - Drawdown
Last Update: 29 February 2024
Highlighted values indicate returns lower than the US Inflation recorded in the same period. US Inflation is updated to Feb 2024. Current inflation (annualized) is 1Y: 3.17% , 3Y: 5.68% , 5Y: 4.19% , 10Y: 2.82% , 30Y: 2.54%
Returns over 1 year are annualized. Last update: 29 February 2024.
Risk is represented as the annualized Standard Deviation of monthly returns.
High values of Standard Deviation mean high fluctuations in prices.
Last update: 29 February 2024.
The maximum Drawdown is calculated considering the end of month prices.
Low Risk Assets usually grant less severe drawdowns.
Last update: 29 February 2024.
Highlighted values indicate returns lower than the US Inflation recorded in the same period. US Inflation is updated to Feb 2024. 2024: 0.75%, 2023: 3.32%, 2022: 6.41%, 2021: 7.18%
Last update: 29 February 2024.
Swipe left to see all data
Return (%) - Feb 29, 2024
St.Dev. (%)
Ann. Return / St.Dev.
Max Drawdown (%)
Return / Drawdown
Ulcer Index
YTD(%)
Yearly Returns (%)
Dividend Yield (%)
Ticker Asset 1M 3M 6M 1Y 3Y 5Y 10Y 30Y 1Y 5Y 10Y 30Y 1Y 5Y 10Y 30Y 5Y 10Y 30Y 5Y 10Y 30Y 5Y 10Y 30Y 2024 2023 2022 2021 2024 2023 2022 2021
BNO
Brent Oil
3.05
4.57
0.03
7.95
22.43
9.61
-3.71
6.58
22.45 41.19 36.99 33.11 0.35 0.23 -0.10 0.20 -66.33 -84.53 -84.77 0.14 -0.04 0.08 24.50 56.22 38.39
8.86
-3.43
35.25
62.34
0.00 0.00 0.00 0.00
PALL
Palladium
-3.76
-7.09
-23.36
-33.77
-26.30
-9.91
1.83
6.39
22.42 31.93 30.38 34.35 -1.51 -0.31 0.06 0.19 -68.36 -68.36 -85.34 -0.14 0.03 0.07 33.22 27.49 45.81
-14.05
-38.77
-6.28
-23.26
0.00 0.00 0.00 0.00
GLD
Gold
0.46
0.30
5.16
11.50
5.37
8.83
4.02
5.46
12.37 14.38 14.00 15.44 0.93 0.61 0.29 0.35 -18.08 -20.76 -42.91 0.49 0.19 0.13 6.98 8.35 20.47
-0.97
12.69
-0.77
-4.15
0.00 0.00 0.00 0.00
CPER
Copper
-1.24
0.38
1.49
-3.82
-1.63
5.35
1.05
4.62
12.69 20.83 19.69 24.82 -0.30 0.26 0.05 0.19 -29.46 -37.98 -64.54 0.18 0.03 0.07 13.92 20.41 34.22
-1.04
4.55
-15.14
25.22
0.00 0.00 0.00 0.00
SLV
Silver
-0.86
-10.38
-7.41
7.86
-5.62
7.22
0.19
4.61
24.64 31.23 26.67 28.80 0.32 0.23 0.01 0.16 -36.79 -36.79 -72.16 0.20 0.01 0.06 16.57 22.06 40.92
-4.82
-1.09
2.37
-12.45
0.00 0.00 0.00 0.00
PPLT
Platinum
-4.09
-5.61
-9.61
-8.20
-10.05
-0.39
-5.40
2.44
20.32 22.61 21.06 21.18 -0.40 -0.02 -0.26 0.12 -30.16 -53.05 -68.49 -0.01 -0.10 0.04 16.19 36.51 36.68
-11.21
-8.18
10.43
-10.75
0.00 0.00 0.00 0.00
USO
WTI Crude Oil
3.44
4.59
-2.26
9.15
21.10
-5.16
-12.96
-0.96
24.23 45.88 39.65 34.56 0.38 -0.11 -0.33 -0.03 -82.02 -93.85 -97.90 -0.06 -0.14 -0.01 44.85 71.33 60.81
10.07
-4.94
28.97
64.68
0.00 0.00 0.00 0.00
UNG
Natural Gas
-15.74
-25.09
-41.84
-54.66
-26.28
-30.07
-27.43
-13.69
43.29 60.17 50.64 53.83 -1.26 -0.50 -0.54 -0.25 -86.94 -96.11 -99.81 -0.35 -0.29 -0.14 51.50 76.02 74.28
-18.44
-64.04
12.89
35.76
0.00 0.00 0.00 0.00
Return over 1 year are annualized.

For further information about the seasonality, check the Asset Class and Commodity Seasonality page.

Commodity Correlations

Monthly correlations of commodities, over different timeframes.

If your screen resolution is not wide enough, scroll table horizzontally to explore the full dataset. You can click on header columns to sort them and hover on cells for tooltip details.

COMMODITY MONTHLY CORRELATIONS
Monthly correlations as of 29 February 2024
Swipe left to see all data
GLD
SLV
PPLT
CPER
PALL
USO
BNO
UNG
GLD
-
0.79
0.62
0.25
0.11
-0.35
-0.40
-0.28
SLV
0.79
-
0.56
0.44
0.13
-0.01
-0.09
-0.43
PPLT
0.62
0.56
-
0.10
0.65
-0.08
-0.09
-0.17
CPER
0.25
0.44
0.10
-
0.10
0.34
0.33
-0.14
PALL
0.11
0.13
0.65
0.10
-
0.29
0.27
-0.21
USO
-0.35
-0.01
-0.08
0.34
0.29
-
0.99
0.27
BNO
-0.40
-0.09
-0.09
0.33
0.27
0.99
-
0.32
UNG
-0.28
-0.43
-0.17
-0.14
-0.21
0.27
0.32
-
GLD
SLV
PPLT
CPER
PALL
USO
BNO
UNG
GLD
-
0.72
0.39
0.30
0.14
-0.12
-0.09
-0.22
SLV
0.72
-
0.64
0.44
0.19
0.26
0.30
-0.08
PPLT
0.39
0.64
-
0.53
0.33
0.41
0.49
-0.04
CPER
0.30
0.44
0.53
-
0.15
0.40
0.47
-0.05
PALL
0.14
0.19
0.33
0.15
-
0.22
0.17
0.04
USO
-0.12
0.26
0.41
0.40
0.22
-
0.94
0.10
BNO
-0.09
0.30
0.49
0.47
0.17
0.94
-
0.12
UNG
-0.22
-0.08
-0.04
-0.05
0.04
0.10
0.12
-
GLD
SLV
PPLT
CPER
PALL
USO
BNO
UNG
GLD
-
0.76
0.53
0.21
0.16
-0.07
-0.03
-0.17
SLV
0.76
-
0.66
0.38
0.25
0.20
0.24
-0.07
PPLT
0.53
0.66
-
0.47
0.38
0.31
0.37
-0.05
CPER
0.21
0.38
0.47
-
0.37
0.36
0.43
0.02
PALL
0.16
0.25
0.38
0.37
-
0.19
0.18
0.07
USO
-0.07
0.20
0.31
0.36
0.19
-
0.94
0.11
BNO
-0.03
0.24
0.37
0.43
0.18
0.94
-
0.11
UNG
-0.17
-0.07
-0.05
0.02
0.07
0.11
0.11
-
GLD
SLV
PPLT
CPER
PALL
USO
BNO
UNG
GLD
-
0.72
0.55
0.28
0.23
0.10
0.14
0.03
SLV
0.72
-
0.60
0.37
0.33
0.22
0.25
0.01
PPLT
0.55
0.60
-
0.47
0.50
0.29
0.32
0.06
CPER
0.28
0.37
0.47
-
0.34
0.34
0.38
0.06
PALL
0.23
0.33
0.50
0.34
-
0.21
0.21
0.04
USO
0.10
0.22
0.29
0.34
0.21
-
0.94
0.24
BNO
0.14
0.25
0.32
0.38
0.21
0.94
-
0.22
UNG
0.03
0.01
0.06
0.06
0.04
0.24
0.22
-