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.
Key characteristics
| GC=F | HG=F | |
|---|---|---|
| YTD Return | 12.86% | 13.14% |
| 1Y Return | 21.16% | 19.39% |
| 3Y Return (Ann) | 8.40% | 0.86% |
| 5Y Return (Ann) | 9.60% | 10.04% |
| 10Y Return (Ann) | 5.06% | 3.18% |
| Sharpe Ratio | 1.45 | 0.62 |
| Daily Std Dev | 13.89% | 19.64% |
| Max Drawdown | -44.36% | -62.54% |
| Current Drawdown | -4.36% | -14.23% |
Correlation
The correlation between GC=F and HG=F is 0.08, 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
The year-to-date returns for both investments are quite close, with GC=F having a 12.86% return and HG=F slightly higher at 13.14%. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 5.06%, while HG=F has yielded a comparatively lower 3.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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
The current volatility for Gold (GC=F) is 4.89%, while Copper (HG=F) has a volatility of 7.56%. This indicates that GC=F experiences smaller price fluctuations and is considered to be less risky than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.