ABCA.PA vs. GC=F

Last updated Jun 5, 2026

ABCA.PA (ABC arbitrage SA) is a stock, while GC=F (Gold Futures) is an asset. Over the past 10 years, ABCA.PA returned 4.46%/yr vs 13.31%/yr for GC=F. At a correlation of -0.00, they often move in opposite directions.

Performance

ABCA.PA vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ABC arbitrage SA (ABCA.PA) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ABCA.PA is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ABCA.PA achieves a 2.26% return, which is significantly lower than GC=F's 3.80% return. Over the past 10 years, ABCA.PA has underperformed GC=F with an annualized return of 4.46%, while GC=F has yielded a comparatively higher 13.31% annualized return.

ABCA.PA

• 1D: 1.88%
• 1M: 3.44%
• YTD: 2.26%
• 6M: 2.07%
• 1Y: -9.56%
• 3Y*: 2.32%
• 5Y*: 1.47%
• 10Y*: 4.46%

GC=F

• 1D: 0.00%
• 1M: -1.91%
• YTD: 3.80%
• 6M: 5.68%
• 1Y: 29.38%
• 3Y*: 27.88%
• 5Y*: 19.73%
• 10Y*: 13.31%

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

ABCA.PA vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABCA.PA ABC arbitrage SA	2.26%	19.60%	6.72%	-19.95%	-4.30%	6.70%	13.63%	17.74%	2.70%	-9.27%
GC=F Gold Futures	5.27%	45.00%	35.90%	9.94%	5.74%	3.76%	14.32%	21.55%	2.45%	-0.37%

Correlation

The correlation between ABCA.PA and GC=F is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007	-0.00

Return for Risk

ABCA.PA vs. GC=F — Risk / Return Rank

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

ABCA.PA

ABCA.PA Risk / Return Rank: 21
ABCA.PA Sharpe Ratio Rank: 19
ABCA.PA Sortino Ratio Rank: 18
ABCA.PA Omega Ratio Rank: 18
ABCA.PA Calmar Ratio Rank: 26
ABCA.PA Martin Ratio Rank: 25

GC=F

GC=F Risk / Return Rank: 54
GC=F Sharpe Ratio Rank: 53
GC=F Sortino Ratio Rank: 52
GC=F Omega Ratio Rank: 54
GC=F Calmar Ratio Rank: 45
GC=F Martin Ratio Rank: 64

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.

ABCA.PA vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABC arbitrage SA (ABCA.PA) and Gold Futures (GC=F). 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.

	ABCA.PA	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.11	-1.62
Sortino ratio: Return per unit of downside risk	-0.55	1.50	-2.06
Omega ratio: Gain probability vs. loss probability	0.92	1.23	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.46	1.74	-2.20
Martin ratio: Return relative to average drawdown	-0.84	4.25	-5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABCA.PA vs. GC=F - Sharpe Ratio Comparison

The current ABCA.PA Sharpe Ratio is -0.51, which is lower than the GC=F Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of ABCA.PA and GC=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABCA.PA	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	1.11	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	1.13	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.84	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.63	-0.35

Drawdowns

ABCA.PA vs. GC=F - Drawdown Comparison

The maximum ABCA.PA drawdown since its inception was -89.34%, which is greater than GC=F's maximum drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for ABCA.PA and GC=F.

Drawdown Indicators

	ABCA.PA	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-89.34%	-36.91%	-52.43%
Max Drawdown (1Y) Largest decline over 1 year	-20.71%	-16.35%	-4.36%
Max Drawdown (3Y) Largest decline over 3 years	-39.00%	-16.35%	-22.65%
Max Drawdown (5Y) Largest decline over 5 years	-47.12%	-16.35%	-30.77%
Max Drawdown (10Y) Largest decline over 10 years	-47.12%	-18.00%	-29.12%
Current Drawdown Current decline from peak	-11.37%	-15.60%	+4.23%
Average Drawdown Average peak-to-trough decline	-23.26%	-11.40%	-11.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.09%	6.75%	+4.34%

Volatility

ABCA.PA vs. GC=F - Volatility Comparison

ABC arbitrage SA (ABCA.PA) has a higher volatility of 4.50% compared to Gold Futures (GC=F) at 3.98%. This indicates that ABCA.PA's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABCA.PA	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	3.98%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	15.50%	22.32%	-6.82%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	25.63%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	17.40%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	15.86%	+2.95%

Frequently Asked Questions

Can I hold both ABCA.PA and GC=F in my portfolio?

ABCA.PA and GC=F have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.