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GC=F vs. HG=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

GC=F vs. HG=F

Last updated May 16, 2025

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 -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

GC=F vs. HG=F - Performance Comparison

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

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Key characteristics

Sharpe Ratio

GC=F:

1.96

HG=F:

-0.17

Sortino Ratio

GC=F:

2.56

HG=F:

0.07

Omega Ratio

GC=F:

1.34

HG=F:

1.01

Calmar Ratio

GC=F:

4.48

HG=F:

-0.09

Martin Ratio

GC=F:

11.40

HG=F:

-0.18

Ulcer Index

GC=F:

3.14%

HG=F:

11.07%

Daily Std Dev

GC=F:

18.22%

HG=F:

26.36%

Max Drawdown

GC=F:

-44.36%

HG=F:

-99.27%

Current Drawdown

GC=F:

-4.94%

HG=F:

-10.04%

Returns By Period

In the year-to-date period, GC=F achieves a 23.34% return, which is significantly higher than HG=F's 16.59% return. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 10.21%, while HG=F has yielded a comparatively lower 4.76% annualized return.

GC=F

YTD

23.34%

1M

0.75%

6M

26.27%

1Y

35.76%

5Y*

13.10%

10Y*

10.21%

HG=F

YTD

16.59%

1M

1.48%

6M

14.36%

1Y

-4.67%

5Y*

14.34%

10Y*

4.76%

*Annualized

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Risk-Adjusted Performance

GC=F vs. HG=F — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GC=F
The Risk-Adjusted Performance Rank of GC=F is 100100
Overall Rank
The Sharpe Ratio Rank of GC=F is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 100100
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 100100
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 100100
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 100100
Martin Ratio Rank
HG=F
The Risk-Adjusted Performance Rank of HG=F is 4545
Overall Rank
The Sharpe Ratio Rank of HG=F is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of HG=F is 4747
Sortino Ratio Rank
The Omega Ratio Rank of HG=F is 4747
Omega Ratio Rank
The Calmar Ratio Rank of HG=F is 4545
Calmar Ratio Rank
The Martin Ratio Rank of HG=F is 4747
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current GC=F Sharpe Ratio is 1.96, which is higher than the HG=F Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of GC=F and HG=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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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 -99.27%. 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.

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Volatility

GC=F vs. HG=F - Volatility Comparison

Gold (GC=F) has a higher volatility of 8.93% compared to Copper (HG=F) at 8.49%. 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.

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