GC=F vs. ^GSPC
Compare and contrast key facts about Gold (GC=F) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or ^GSPC.
Correlation
The correlation between GC=F and ^GSPC 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
GC=F vs. ^GSPC - Performance Comparison
Key characteristics
GC=F:
2.06
^GSPC:
2.10
GC=F:
2.59
^GSPC:
2.80
GC=F:
1.37
^GSPC:
1.39
GC=F:
3.78
^GSPC:
3.09
GC=F:
10.45
^GSPC:
13.49
GC=F:
2.89%
^GSPC:
1.94%
GC=F:
14.53%
^GSPC:
12.52%
GC=F:
-44.36%
^GSPC:
-56.78%
GC=F:
-5.73%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, GC=F achieves a 27.46% return, which is significantly higher than ^GSPC's 24.34% return. Over the past 10 years, GC=F has underperformed ^GSPC with an annualized return of 7.37%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
GC=F
27.46%
-0.74%
13.48%
28.91%
10.83%
7.37%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
GC=F vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and S&P 500 (^GSPC). 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
GC=F vs. ^GSPC - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GC=F and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. ^GSPC - Volatility Comparison
Gold (GC=F) has a higher volatility of 5.48% compared to S&P 500 (^GSPC) at 3.73%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.