CNYUSD=X vs. GOLDX
Compare and contrast key facts about CNY/USD (CNYUSD=X) and Gabelli Gold Fund (GOLDX).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNYUSD=X or GOLDX.
Correlation
The correlation between CNYUSD=X and GOLDX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNYUSD=X vs. GOLDX - Performance Comparison
Key characteristics
CNYUSD=X:
-0.33
GOLDX:
2.23
CNYUSD=X:
-0.47
GOLDX:
2.84
CNYUSD=X:
0.94
GOLDX:
1.37
CNYUSD=X:
-0.06
GOLDX:
0.96
CNYUSD=X:
-0.51
GOLDX:
7.77
CNYUSD=X:
2.12%
GOLDX:
7.46%
CNYUSD=X:
3.17%
GOLDX:
25.98%
CNYUSD=X:
-17.70%
GOLDX:
-79.86%
CNYUSD=X:
-16.92%
GOLDX:
-34.82%
Returns By Period
In the year-to-date period, CNYUSD=X achieves a 0.36% return, which is significantly lower than GOLDX's 19.63% return. Over the past 10 years, CNYUSD=X has underperformed GOLDX with an annualized return of -1.45%, while GOLDX has yielded a comparatively higher 8.67% annualized return.
CNYUSD=X
0.36%
0.36%
-1.93%
-1.15%
-0.66%
-1.45%
GOLDX
19.63%
11.20%
8.91%
56.92%
7.59%
8.67%
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Risk-Adjusted Performance
CNYUSD=X vs. GOLDX — Risk-Adjusted Performance Rank
CNYUSD=X
GOLDX
CNYUSD=X vs. GOLDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CNY/USD (CNYUSD=X) and Gabelli Gold Fund (GOLDX). 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.
Drawdowns
CNYUSD=X vs. GOLDX - Drawdown Comparison
The maximum CNYUSD=X drawdown since its inception was -17.70%, smaller than the maximum GOLDX drawdown of -79.86%. Use the drawdown chart below to compare losses from any high point for CNYUSD=X and GOLDX. For additional features, visit the drawdowns tool.
Volatility
CNYUSD=X vs. GOLDX - Volatility Comparison
The current volatility for CNY/USD (CNYUSD=X) is 1.03%, while Gabelli Gold Fund (GOLDX) has a volatility of 5.62%. This indicates that CNYUSD=X experiences smaller price fluctuations and is considered to be less risky than GOLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.