GC=F vs. HG=F
Compare and contrast key facts about Gold (GC=F) and Copper (HG=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or HG=F.
Correlation
The correlation between GC=F and HG=F is 0.09, 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. HG=F - Performance Comparison
Key characteristics
GC=F:
2.14
HG=F:
0.42
GC=F:
2.68
HG=F:
0.73
GC=F:
1.39
HG=F:
1.09
GC=F:
3.90
HG=F:
0.37
GC=F:
10.90
HG=F:
0.72
GC=F:
2.86%
HG=F:
13.08%
GC=F:
14.39%
HG=F:
21.64%
GC=F:
-44.36%
HG=F:
-62.54%
GC=F:
-5.82%
HG=F:
-19.91%
Returns By Period
In the year-to-date period, GC=F achieves a 27.34% return, which is significantly higher than HG=F's 5.66% return. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 7.21%, while HG=F has yielded a comparatively lower 3.55% annualized return.
GC=F
27.34%
0.60%
12.70%
28.84%
10.82%
7.21%
HG=F
5.66%
-0.19%
-10.13%
5.24%
7.75%
3.55%
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Risk-Adjusted Performance
GC=F vs. HG=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Copper (HG=F). 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. HG=F - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum HG=F drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for GC=F and HG=F. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. HG=F - Volatility Comparison
Gold (GC=F) has a higher volatility of 5.24% compared to Copper (HG=F) at 3.77%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.