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:
2.31
^GSPC:
1.62
GC=F:
2.86
^GSPC:
2.20
GC=F:
1.41
^GSPC:
1.30
GC=F:
4.33
^GSPC:
2.46
GC=F:
10.89
^GSPC:
10.01
GC=F:
3.18%
^GSPC:
2.08%
GC=F:
14.76%
^GSPC:
12.88%
GC=F:
-44.36%
^GSPC:
-56.78%
GC=F:
-0.08%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, GC=F achieves a 11.73% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, GC=F has underperformed ^GSPC with an annualized return of 8.23%, while ^GSPC has yielded a comparatively higher 11.05% annualized return.
GC=F
11.73%
6.32%
17.11%
44.10%
10.52%
8.23%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
GC=F vs. ^GSPC — Risk-Adjusted Performance Rank
GC=F
^GSPC
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 3.97% compared to S&P 500 (^GSPC) at 3.37%. 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.