GC=F vs. GOLD

Last updated Aug 5, 2026

GC=F (Gold Futures) is an asset, while GOLD (Barrick Mining Corporation) is a stock. Their 0.50 correlation means they have sometimes moved together and sometimes differently.

Performance

GC=F vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Futures (GC=F) and Barrick Mining Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GC=F achieves a -4.37% return, which is significantly lower than GOLD's 26.44% return.

GC=F

• 1D: 2.55%
• 1M: 0.58%
• 6M: -15.64%
• YTD: -4.37%
• 1Y: 22.59%
• 3Y*: 28.72%
• 5Y*: 18.04%
• 10Y*: 11.96%
• ALL TIME*: 11.04%

GOLD

• 1D: 1.33%
• 1M: -2.96%
• 6M: -18.31%
• YTD: 26.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GC=F Gold Futures	$47.40M	$22.54M	$17.66M
GOLD Barrick Mining Corporation	$14.68M	$15.39M	$19.00M

GC=F vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
GC=F Gold Futures	-4.37%	2.04%
GOLD Barrick Mining Corporation	26.44%	13.01%

Correlation

The correlation between GC=F and GOLD is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.50

Return for Risk

GC=F vs. GOLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GC=F

GC=F Risk / Return Rank: 0
GC=F Sharpe Ratio Rank: 0
GC=F Sortino Ratio Rank: 0
GC=F Omega Ratio Rank: 0
GC=F Calmar Ratio Rank: 0
GC=F Martin Ratio Rank: 0

GOLD

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and Barrick Mining Corporation (GOLD). 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	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	0.80	—	—
Sortino ratio: Return per unit of downside risk	1.15	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.91	—	—
Martin ratio: Return relative to average drawdown	1.97	—	—

Drawdowns

GC=F vs. GOLD - Drawdown Comparison

The maximum GC=F drawdown since its inception was -44.36%, which is greater than GOLD's maximum drawdown of -40.93%. Use the drawdown chart below to compare losses from any high point for GC=F and GOLD.

Drawdown Indicators

	GC=F	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-44.36%	-40.93%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-25.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.06%	—	—
Current Drawdown Current decline from peak	-22.22%	-32.88%	+10.66%
Average Drawdown Average peak-to-trough decline	-13.58%	-21.63%	+8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.51%	—	—

Volatility

Volatility by Period

	GC=F	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.24%	55.30%	-27.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.70%	55.30%	-36.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	55.30%	-38.62%

Frequently Asked Questions

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

GC=F and GOLD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.