^DXY vs. GOLD

Last updated Jun 4, 2026

^DXY (US Dollar Currency Index) is an index, while GOLD (Barrick Mining Corporation) is a stock. At a correlation of -0.44, they often move in opposite directions.

Performance

^DXY vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Dollar Currency Index (^DXY) and Barrick Mining Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DXY achieves a 1.14% return, which is significantly lower than GOLD's 16.19% return.

^DXY

• 1D: 0.22%
• 1M: 1.08%
• YTD: 1.14%
• 6M: 0.59%
• 1Y: 0.21%
• 3Y*: -1.49%
• 5Y*: 1.98%
• 10Y*: 0.56%

GOLD

• 1D: -1.97%
• 1M: -7.53%
• YTD: 16.19%
• 6M: 26.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

^DXY vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
^DXY US Dollar Currency Index	1.14%	-1.04%
GOLD Barrick Mining Corporation	16.19%	14.34%

Correlation

The correlation between ^DXY and GOLD is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	-0.44

Return for Risk

^DXY vs. GOLD — Risk / Return Rank

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

^DXY

^DXY Risk / Return Rank: 11
^DXY Sharpe Ratio Rank: 12
^DXY Sortino Ratio Rank: 10
^DXY Omega Ratio Rank: 10
^DXY Calmar Ratio Rank: 12
^DXY Martin Ratio Rank: 12

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.

^DXY vs. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) and Barrick Mining Corporation (GOLD). 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.

	^DXY	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	0.04	—	—
Sortino ratio: Return per unit of downside risk	0.09	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	0.05	—	—
Martin ratio: Return relative to average drawdown	0.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	^DXY	GOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.32	-1.40

Drawdowns

^DXY vs. GOLD - Drawdown Comparison

The maximum ^DXY drawdown since its inception was -45.13%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for ^DXY and GOLD.

Drawdown Indicators

	^DXY	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-45.13%	-40.58%	-4.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.68%	—	—
Current Drawdown Current decline from peak	-23.51%	-38.32%	+14.81%
Average Drawdown Average peak-to-trough decline	-28.17%	-17.25%	-10.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	—	—

Volatility

Volatility by Period

	^DXY	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	58.82%	-53.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.97%	58.82%	-51.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	58.82%	-52.33%

Frequently Asked Questions

Can I hold both ^DXY and GOLD in my portfolio?

^DXY and GOLD have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.