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 | 26.62% | 6.47% |
| 1Y Return | 34.23% | 12.81% |
| 3Y Return (Ann) | 10.55% | -2.38% |
| 5Y Return (Ann) | 10.77% | 9.38% |
| 10Y Return (Ann) | 7.25% | 3.07% |
| Sharpe Ratio | 2.27 | 0.41 |
| Sortino Ratio | 2.90 | 0.71 |
| Omega Ratio | 1.42 | 1.09 |
| Calmar Ratio | 4.74 | 0.36 |
| Martin Ratio | 12.87 | 0.79 |
| Ulcer Index | 2.49% | 11.48% |
| Daily Std Dev | 14.16% | 22.13% |
| Max Drawdown | -44.36% | -62.54% |
| Current Drawdown | -6.35% | -19.29% |
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
In the year-to-date period, GC=F achieves a 26.62% return, which is significantly higher than HG=F's 6.47% return. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 7.25%, while HG=F has yielded a comparatively lower 3.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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
The current volatility for Gold (GC=F) is 5.17%, while Copper (HG=F) has a volatility of 8.58%. 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.