^GSPC vs. GOLD

Last updated Jun 9, 2026

^GSPC (S&P 500 Index) is an index, while GOLD (Barrick Mining Corporation) is a stock. At a 0.45 correlation, their price movements are largely independent.

Performance

^GSPC vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Index (^GSPC) 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, ^GSPC achieves a 8.18% return, which is significantly lower than GOLD's 19.84% return.

^GSPC

• 1D: 0.30%
• 1M: 0.09%
• YTD: 8.18%
• 6M: 8.17%
• 1Y: 23.42%
• 3Y*: 19.88%
• 5Y*: 11.91%
• 10Y*: 13.45%

GOLD

• 1D: 2.12%
• 1M: -10.41%
• YTD: 19.84%
• 6M: 34.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

^GSPC vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
^GSPC S&P 500 Index	8.18%	0.48%
GOLD Barrick Mining Corporation	19.84%	13.01%

Correlation

The correlation between ^GSPC and GOLD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.45

Return for Risk

^GSPC vs. GOLD — Risk / Return Rank

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

^GSPC

^GSPC Risk / Return Rank: 68
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 65
^GSPC Omega Ratio Rank: 71
^GSPC Calmar Ratio Rank: 65
^GSPC Martin Ratio Rank: 79

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.

^GSPC vs. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) 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.

	^GSPC	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	11.84	—	—
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

	^GSPC	GOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.47	-1.00

Drawdowns

^GSPC vs. GOLD - Drawdown Comparison

The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for ^GSPC and GOLD.

Drawdown Indicators

	^GSPC	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-56.78%	-40.58%	-16.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.92%	—	—
Current Drawdown Current decline from peak	-2.68%	-36.38%	+33.70%
Average Drawdown Average peak-to-trough decline	-10.72%	-17.71%	+6.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	—	—

Volatility

Volatility by Period

	^GSPC	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	58.70%	-46.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	58.70%	-41.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	58.70%	-40.61%

Frequently Asked Questions

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

^GSPC and GOLD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.