GC=F vs. PSHG

Last updated Jun 9, 2026

GC=F (Gold Futures) is an asset, while PSHG (Performance Shipping Inc.) is a stock. At a correlation of -0.01, they often move in opposite directions.

Performance

GC=F vs. PSHG - Performance Comparison

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

Returns By Period

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSHG

• 1D: 1.11%
• 1M: 5.20%
• YTD: -14.55%
• 6M: -20.52%
• 1Y: 11.66%
• 3Y*: 36.83%
• 5Y*: -52.76%
• 10Y*: -76.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GC=F vs. PSHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.91%
PSHG Performance Shipping Inc.	-14.55%	14.52%	-18.06%	-35.88%	-92.24%

Correlation

The correlation between GC=F and PSHG is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	-0.01

Return for Risk

GC=F vs. PSHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSHG

PSHG Risk / Return Rank: 50
PSHG Sharpe Ratio Rank: 50
PSHG Sortino Ratio Rank: 50
PSHG Omega Ratio Rank: 47
PSHG Calmar Ratio Rank: 50
PSHG Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GC=F vs. PSHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and Performance Shipping Inc. (PSHG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GC=F	PSHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.49	—

Drawdowns

Drawdown Indicators

	GC=F	PSHG	Difference
Max Drawdown Largest peak-to-trough decline	—	-100.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-35.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-45.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	—	-100.00%	—
Average Drawdown Average peak-to-trough decline	—	-87.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.63%	—

Volatility

Volatility by Period

	GC=F	PSHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	54.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	87.07%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	166.14%	—

Frequently Asked Questions

Can I hold both GC=F and PSHG in my portfolio?

GC=F and PSHG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.