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:
-0.01
GC=F:
2.50
ES=F:
0.12
GC=F:
3.17
ES=F:
1.02
GC=F:
1.44
ES=F:
-0.01
GC=F:
4.99
ES=F:
-0.06
GC=F:
12.71
ES=F:
4.25%
GC=F:
3.14%
ES=F:
18.75%
GC=F:
15.86%
ES=F:
-57.11%
GC=F:
-44.36%
ES=F:
-13.77%
GC=F:
0.00%
Returns By Period
In the year-to-date period, ES=F achieves a -10.47% return, which is significantly lower than GC=F's 23.09% return. Both investments have delivered pretty close results over the past 10 years, with ES=F having a 9.06% annualized return and GC=F not far ahead at 9.24%.
ES=F
-10.47%
-5.57%
-8.83%
2.05%
12.34%
9.06%
GC=F
23.09%
11.11%
23.50%
38.93%
11.53%
9.24%
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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
S&P 500 E-Mini Futures (ES=F) has a higher volatility of 14.47% compared to Gold (GC=F) at 6.66%. 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.