Correlation
The correlation between ES=F and GC=F is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
ES=F vs. GC=F - Performance Comparison
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Key characteristics
ES=F:
0.58
GC=F:
2.29
ES=F:
0.98
GC=F:
2.87
ES=F:
1.14
GC=F:
1.38
ES=F:
0.64
GC=F:
5.08
ES=F:
2.39
GC=F:
13.95
ES=F:
4.99%
GC=F:
2.91%
ES=F:
19.44%
GC=F:
18.20%
ES=F:
-57.11%
GC=F:
-44.36%
ES=F:
-3.66%
GC=F:
-2.95%
Returns By Period
In the year-to-date period, ES=F achieves a 0.03% return, which is significantly lower than GC=F's 25.92% return. Both investments have delivered pretty close results over the past 10 years, with ES=F having a 10.92% annualized return and GC=F not far behind at 10.78%.
ES=F
0.03%
6.99%
-1.67%
11.58%
12.63%
14.34%
10.92%
GC=F
25.92%
0.86%
26.34%
41.93%
21.38%
14.08%
10.78%
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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.
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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.
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Volatility
ES=F vs. GC=F - Volatility Comparison
The current volatility for S&P 500 E-Mini Futures (ES=F) is 4.06%, while Gold (GC=F) has a volatility of 7.82%. This indicates that ES=F experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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