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.
Performance
GC=F vs. HG=F - Performance Comparison
Returns By Period
In the year-to-date period, GC=F achieves a 30.49% return, which is significantly higher than HG=F's 5.26% return. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 7.45%, while HG=F has yielded a comparatively lower 3.11% annualized return.
GC=F
30.49%
-1.93%
15.26%
35.15%
11.47%
7.45%
HG=F
5.26%
-6.06%
-15.20%
8.44%
8.91%
3.11%
Key characteristics
| GC=F | HG=F | |
|---|---|---|
| Sharpe Ratio | 2.29 | 0.20 |
| Sortino Ratio | 2.92 | 0.43 |
| Omega Ratio | 1.42 | 1.05 |
| Calmar Ratio | 4.04 | 0.18 |
| Martin Ratio | 11.98 | 0.38 |
| Ulcer Index | 2.69% | 11.96% |
| Daily Std Dev | 14.24% | 22.09% |
| Max Drawdown | -44.36% | -62.54% |
| Current Drawdown | -3.49% | -20.21% |
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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.
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 5.41%, while Copper (HG=F) has a volatility of 8.56%. 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.