GC=F vs. TSLA

Last updated Jun 9, 2026

GC=F (Gold Futures) is an asset, while TSLA (Tesla, Inc.) is a stock. At a correlation of -0.04, they often move in opposite directions.

Performance

GC=F vs. TSLA - Performance Comparison

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

Returns By Period

GC=F

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

TSLA

• 1D: 4.59%
• 1M: -4.53%
• YTD: -9.07%
• 6M: -6.97%
• 1Y: 38.56%
• 3Y*: 18.72%
• 5Y*: 15.43%
• 10Y*: 39.56%

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

GC=F vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%
TSLA Tesla, Inc.	-9.07%	11.36%	62.52%	101.72%	-56.34%

Correlation

The correlation between GC=F and TSLA is -0.04, 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 Jan 31, 2022	-0.04

Return for Risk

GC=F vs. TSLA — Risk / Return Rank

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

TSLA

TSLA Risk / Return Rank: 66
TSLA Sharpe Ratio Rank: 70
TSLA Sortino Ratio Rank: 65
TSLA Omega Ratio Rank: 61
TSLA Calmar Ratio Rank: 67
TSLA Martin Ratio Rank: 67

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. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Futures (GC=F) and Tesla, Inc. (TSLA). 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	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.73	—

Drawdowns

Drawdown Indicators

	GC=F	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-29.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	—	-16.52%	—
Average Drawdown Average peak-to-trough decline	—	-22.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.84%	—

Volatility

Volatility by Period

	GC=F	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	58.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	59.14%	—

Frequently Asked Questions

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

GC=F and TSLA have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.