Highlights
- Avg. Volume (1M)
- 14K
- Avg. Volume Value (1M)
- $56.64M
Share Price Chart
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Performance
GC=F Performance Chart
Gold Futures (GC=F) is down 5.3% since the beginning of the year. GC=F is currently trading at $4,099 per share. Investors who bought $1,000 worth of GC=F shares 5 years ago would now be looking at an investment worth $2,261.
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Compare this symbol against anything
Returns By Period
Gold Futures (GC=F) has returned -5.25% so far this year and 24.46% over the past 12 months. Over the last ten years, GC=F has returned 11.63% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Gold Futures
- 1D
- -0.04%
- 1M
- 0.74%
- 6M
- -13.05%
- YTD
- -5.25%
- 1Y
- 24.46%
- 3Y*
- 28.30%
- 5Y*
- 17.72%
- 10Y*
- 11.63%
- ALL TIME*
- 11.00%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GC=F Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2000, GC=F's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2008 with a return of +13.9%, while the worst month was Oct 2008 at -18.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GC=F closed higher 53% of trading days. The best single day was Sep 17, 2008 with a return of +9.0%, while the worst single day was Jan 30, 2026 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.98% | 10.96% | -11.14% | -0.71% | -1.17% | -11.79% | 1.88% | -5.25% | |||||
| 2025 | 6.97% | 0.86% | 10.08% | 5.83% | -0.49% | 0.17% | -0.04% | 5.48% | 10.57% | 3.68% | 5.93% | 2.54% | 64.52% |
| 2024 | -0.68% | -0.13% | 8.39% | 3.34% | 1.37% | 0.21% | 4.24% | 2.77% | 5.71% | 3.88% | -2.97% | -1.05% | 27.48% |
| 2023 | 6.03% | -5.21% | 7.66% | 1.07% | -1.32% | -2.18% | 2.57% | -1.64% | -4.65% | 7.42% | 2.66% | 1.19% | 13.34% |
| 2022 | -1.78% | 5.82% | 2.62% | -2.05% | -3.49% | -2.09% | -2.28% | -2.84% | -2.94% | -1.59% | 6.73% | 4.22% | -0.43% |
| 2021 | -2.42% | -6.45% | -0.83% | 3.12% | 7.65% | -6.92% | 2.36% | 0.13% | -3.29% | 1.58% | -0.53% | 3.04% | -3.47% |
Benchmark Metrics
Gold Futures has an annualized alpha of 12.44%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 30, 2000.
- This asset captured 27.41% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -20.55%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this asset is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this asset's risk.
- R2 of 0.00 means this asset moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 12.44%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 27.41%
- Downside Capture
- -20.55%
Return for Risk
Risk / Return Rank
GC=F ranks 3 for risk / return — above 3% of futures peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Gold Futures (GC=F) and compare them to S&P 500 Index.
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.
| GC=F | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.00 | -1.02 |
| Martin ratioReturn relative to average drawdown | 2.17 | 8.49 | -6.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gold Futures. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gold Futures was 44.36%, occurring on Dec 17, 2015. Recovery took 1153 trading sessions.
The current Gold Futures drawdown is 22.94%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.36%Dec 2015 | 4y 3mo | 4y 7mo | 8y 11moAug 2011 - Jul 2020 | — |
-29.73%Nov 2008 | 7mo 29d | 10mo 2d | 1y 5moMar 2008 - Sep 2009 | Financial crisis2007–2009 |
-25.06%Jul 2026 | 5mo 17d | — | 6mo 4dJan 2026 - now | — |
-21.92%Oct 2006 | 4mo 25d | 11mo 20d | 1y 4moMay 2006 - Sep 2007 | — |
-20.87%Sep 2022 | 2y 1mo | 1y 2mo | 3y 3moAug 2020 - Dec 2023 | Bear market2022 |
Drawdown Indicators
| GC=F | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.36% | -56.78% | +12.42% |
Max Drawdown (1Y)Largest decline over 1 year | -25.06% | -9.10% | -15.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.06% | -18.90% | -6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -25.43% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -25.06% | -33.92% | +8.86% |
Current DrawdownCurrent decline from peak | -22.94% | -1.58% | -21.36% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -10.70% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.31% | 2.14% | +9.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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