1. Object: Financial hedging refers to managing the risks of financial markets through financial derivatives, while commodity hedging refers to managing the risks of commodity markets through contracts or other tools.

2. Purpose and method: The purpose of financial hedging is to reduce the impact of financial market risks and protect the investment portfolio by locking in or avoiding market fluctuations. Financial hedging uses financial derivatives, and the purpose of commodity hedging is to manage the price risk of commodity market and ensure the relative stability of income and cost when buying and selling commodities. Commodity hedging uses futures contracts or other related commodity derivatives.