GC=F vs. EEM
GC=F (Gold Futures) is an asset, while EEM (iShares MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). At a correlation of -0.05, they often move in opposite directions.
Performance
GC=F vs. EEM - Performance Comparison
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Returns By Period
GC=F
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEM
- 1D
- 0.56%
- 1M
- 4.32%
- YTD
- 24.07%
- 6M
- 26.94%
- 1Y
- 47.57%
- 3Y*
- 21.60%
- 5Y*
- 6.56%
- 10Y*
- 9.91%
GC=F vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GC=F Gold Futures | 0.00% | 0.00% | 0.00% | 0.00% | 5.84% |
EEM iShares MSCI Emerging Markets ETF | 24.07% | 33.98% | 6.49% | 8.95% | -17.94% |
Correlation
The correlation between GC=F and EEM is -0.05, 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 | -0.05 |
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Return for Risk
GC=F vs. EEM — Risk / Return Rank
GC=F
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EEM
GC=F vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and iShares MSCI Emerging Markets ETF (EEM). 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 | EEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.36 | — |
| Martin ratioReturn relative to average drawdown | — | 12.38 | — |
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Drawdowns
GC=F vs. EEM - Drawdown Comparison
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Drawdown Indicators
| GC=F | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -66.43% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.52% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.82% | — |
Current DrawdownCurrent decline from peak | — | -4.12% | — |
Average DrawdownAverage peak-to-trough decline | — | -16.00% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.67% | — |
Volatility
GC=F vs. EEM - Volatility Comparison
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Volatility by Period
| GC=F | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 21.64% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 19.26% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 20.64% | — |
Frequently Asked Questions
GC=F and EEM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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