GC=F vs. EPP

Last updated Jun 13, 2026

GC=F (Gold Futures) is an asset, while EPP (iShares MSCI Pacific ex Japan ETF) is Asia Pacific Equities fund tracking the MSCI Pacific ex-Japan Index. At a correlation of -0.02, they often move in opposite directions.

Performance

GC=F vs. EPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Futures (GC=F) and iShares MSCI Pacific ex Japan ETF (EPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EPP

• 1D: 0.66%
• 1M: -0.31%
• YTD: 8.62%
• 6M: 9.61%
• 1Y: 15.65%
• 3Y*: 12.24%
• 5Y*: 4.53%
• 10Y*: 7.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GC=F vs. EPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%
EPP iShares MSCI Pacific ex Japan ETF	8.62%	19.70%	4.76%	5.76%	-0.93%

Correlation

The correlation between GC=F and EPP 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

Return for Risk

GC=F vs. EPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GC=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EPP

EPP Risk / Return Rank: 32
EPP Sharpe Ratio Rank: 30
EPP Sortino Ratio Rank: 29
EPP Omega Ratio Rank: 29
EPP Calmar Ratio Rank: 38
EPP Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GC=F vs. EPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and iShares MSCI Pacific ex Japan ETF (EPP). 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	EPP	Difference
Sharpe ratio: Return per unit of total volatility	—	0.96	—
Sortino ratio: Return per unit of downside risk	—	1.40	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.65	—
Martin ratio: Return relative to average drawdown	—	4.95	—

Drawdowns

Drawdown Indicators

	GC=F	EPP	Difference
Max Drawdown Largest peak-to-trough decline	—	-66.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	—	-3.64%	—
Average Drawdown Average peak-to-trough decline	—	-10.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.93%	—

Volatility

Volatility by Period

	GC=F	EPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.14%	—

Frequently Asked Questions

Can I hold both GC=F and EPP in my portfolio?

GC=F and EPP 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.