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:
2.53
HG=F:
0.23
GC=F:
3.16
HG=F:
0.47
GC=F:
1.45
HG=F:
1.06
GC=F:
4.66
HG=F:
0.23
GC=F:
12.10
HG=F:
0.35
GC=F:
3.08%
HG=F:
15.00%
GC=F:
14.87%
HG=F:
23.07%
GC=F:
-44.36%
HG=F:
-62.54%
GC=F:
0.00%
HG=F:
-3.08%
Returns By Period
In the year-to-date period, GC=F achieves a 19.62% return, which is significantly lower than HG=F's 25.61% return. Over the past 10 years, GC=F has outperformed HG=F with an annualized return of 8.90%, while HG=F has yielded a comparatively lower 6.25% annualized return.
GC=F
19.62%
10.87%
17.91%
40.63%
12.37%
8.90%
HG=F
25.61%
10.16%
11.52%
25.01%
17.38%
6.25%
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Risk-Adjusted Performance
GC=F vs. HG=F — Risk-Adjusted Performance Rank
GC=F
HG=F
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 2.82%, while Copper (HG=F) has a volatility of 5.51%. 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.