ES=F vs. GC=F
Compare and contrast key facts about S&P 500 E-Mini Futures (ES=F) and Gold (GC=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ES=F or GC=F.
Correlation
The correlation between ES=F and GC=F is 0.02, 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
ES=F vs. GC=F - Performance Comparison
Key characteristics
ES=F:
0.04
GC=F:
2.68
ES=F:
0.19
GC=F:
3.40
ES=F:
1.03
GC=F:
1.48
ES=F:
0.04
GC=F:
5.40
ES=F:
0.16
GC=F:
13.75
ES=F:
4.58%
GC=F:
3.14%
ES=F:
18.74%
GC=F:
16.07%
ES=F:
-57.11%
GC=F:
-44.36%
ES=F:
-13.02%
GC=F:
0.00%
Returns By Period
In the year-to-date period, ES=F achieves a -9.69% return, which is significantly lower than GC=F's 27.16% return. Both investments have delivered pretty close results over the past 10 years, with ES=F having a 9.20% annualized return and GC=F not far ahead at 9.55%.
ES=F
-9.69%
-6.48%
-8.94%
5.27%
11.92%
9.20%
GC=F
27.16%
11.45%
25.03%
39.84%
12.82%
9.55%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
ES=F vs. GC=F — Risk-Adjusted Performance Rank
ES=F
GC=F
ES=F vs. GC=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 E-Mini Futures (ES=F) and Gold (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.
Drawdowns
ES=F vs. GC=F - Drawdown Comparison
The maximum ES=F drawdown since its inception was -57.11%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for ES=F and GC=F. For additional features, visit the drawdowns tool.
Volatility
ES=F vs. GC=F - Volatility Comparison
S&P 500 E-Mini Futures (ES=F) has a higher volatility of 14.50% compared to Gold (GC=F) at 7.10%. This indicates that ES=F'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.