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:
1.59
GC=F:
2.03
ES=F:
2.18
GC=F:
2.56
ES=F:
1.31
GC=F:
1.37
ES=F:
2.25
GC=F:
3.73
ES=F:
9.09
GC=F:
10.31
ES=F:
2.16%
GC=F:
2.89%
ES=F:
11.88%
GC=F:
14.51%
ES=F:
-57.11%
GC=F:
-44.36%
ES=F:
-3.90%
GC=F:
-6.01%
Returns By Period
In the year-to-date period, ES=F achieves a 21.79% return, which is significantly lower than GC=F's 27.08% return. Over the past 10 years, ES=F has outperformed GC=F with an annualized return of 10.16%, while GC=F has yielded a comparatively lower 7.32% annualized return.
ES=F
21.79%
-1.30%
7.02%
23.40%
11.42%
10.16%
GC=F
27.08%
-0.24%
11.34%
28.82%
10.78%
7.32%
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Risk-Adjusted Performance
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 3.53%, while Gold (GC=F) has a volatility of 5.40%. 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.