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:
0.27
GC=F:
2.57
ES=F:
0.52
GC=F:
3.26
ES=F:
1.08
GC=F:
1.46
ES=F:
0.26
GC=F:
5.53
ES=F:
1.01
GC=F:
15.68
ES=F:
5.27%
GC=F:
2.82%
ES=F:
19.03%
GC=F:
17.13%
ES=F:
-57.11%
GC=F:
-44.36%
ES=F:
-7.97%
GC=F:
-0.30%
Returns By Period
In the year-to-date period, ES=F achieves a -4.45% return, which is significantly lower than GC=F's 29.16% return. Both investments have delivered pretty close results over the past 10 years, with ES=F having a 9.61% annualized return and GC=F not far ahead at 9.76%.
ES=F
-4.45%
15.43%
-2.42%
8.94%
12.98%
9.61%
GC=F
29.16%
12.75%
23.93%
46.28%
13.06%
9.76%
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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.
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
The current volatility for S&P 500 E-Mini Futures (ES=F) is 5.40%, while Gold (GC=F) has a volatility of 8.25%. 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.