GC=F vs. HG=F
Compare and contrast key facts about Gold (GC=F) and Copper (HG=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or HG=F.
Correlation
The correlation between GC=F and HG=F is 0.09, 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. HG=F - Performance Comparison
Key characteristics
GC=F:
2.06
HG=F:
0.30
GC=F:
2.59
HG=F:
0.57
GC=F:
1.37
HG=F:
1.07
GC=F:
3.78
HG=F:
0.26
GC=F:
10.45
HG=F:
0.51
GC=F:
2.89%
HG=F:
13.16%
GC=F:
14.53%
HG=F:
21.73%
GC=F:
-44.36%
HG=F:
-62.54%
GC=F:
-5.73%
HG=F:
-21.06%
Returns By Period
In the year-to-date period, GC=F achieves a 27.46% return, which is significantly higher than HG=F's 4.14% return. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 7.37%, while HG=F has yielded a comparatively lower 3.47% annualized return.
GC=F
27.46%
-0.74%
13.48%
28.91%
10.83%
7.37%
HG=F
4.14%
-2.47%
-10.08%
3.39%
7.43%
3.47%
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Risk-Adjusted Performance
GC=F vs. HG=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Copper (HG=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
GC=F vs. HG=F - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum HG=F drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for GC=F and HG=F. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. HG=F - Volatility Comparison
Gold (GC=F) has a higher volatility of 5.48% compared to Copper (HG=F) at 4.19%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.