GC=F vs. AUDUSD=X
GC=F (Gold Futures) is an asset, while AUDUSD=X (AUD/USD) is a currency. At a 0.02 correlation, their price movements are largely independent.
Performance
GC=F vs. AUDUSD=X - Performance Comparison
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Returns By Period
GC=F
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUDUSD=X
- 1D
- -0.08%
- 1M
- -2.95%
- YTD
- 5.54%
- 6M
- 5.93%
- 1Y
- 7.81%
- 3Y*
- 1.34%
- 5Y*
- -1.78%
- 10Y*
- -0.44%
GC=F vs. AUDUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GC=F Gold Futures | 0.00% | 0.00% | 0.00% | 0.00% | 5.84% |
AUDUSD=X AUD/USD | 5.54% | 7.81% | -9.12% | -0.06% | -2.54% |
Correlation
The correlation between GC=F and AUDUSD=X is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.02 |
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Return for Risk
GC=F vs. AUDUSD=X — Risk / Return Rank
GC=F
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AUDUSD=X
GC=F vs. AUDUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and AUD/USD (AUDUSD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GC=F | AUDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.49 | — |
| Martin ratioReturn relative to average drawdown | — | 3.83 | — |
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Drawdowns
GC=F vs. AUDUSD=X - Drawdown Comparison
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Drawdown Indicators
| GC=F | AUDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -47.87% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.20% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.18% | — |
Current DrawdownCurrent decline from peak | — | -36.06% | — |
Average DrawdownAverage peak-to-trough decline | — | -25.87% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.69% | — |
Volatility
GC=F vs. AUDUSD=X - Volatility Comparison
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Volatility by Period
| GC=F | AUDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 7.64% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 10.08% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 9.66% | — |
Frequently Asked Questions
GC=F and AUDUSD=X have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GC=F and AUDUSD=X
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