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GC=F vs. XAUUSD=X
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

GC=F vs. XAUUSD=X

Last updated May 16, 2025

Compare and contrast key facts about Gold (GC=F) and Gold Spot US Dollar (XAUUSD=X).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or XAUUSD=X.

Correlation

The correlation between GC=F and XAUUSD=X 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. XAUUSD=X - Performance Comparison

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

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Key characteristics

Sharpe Ratio

GC=F:

1.96

XAUUSD=X:

2.04

Sortino Ratio

GC=F:

2.56

XAUUSD=X:

2.98

Omega Ratio

GC=F:

1.34

XAUUSD=X:

1.39

Calmar Ratio

GC=F:

4.48

XAUUSD=X:

4.70

Martin Ratio

GC=F:

11.40

XAUUSD=X:

13.05

Ulcer Index

GC=F:

3.14%

XAUUSD=X:

2.91%

Daily Std Dev

GC=F:

18.22%

XAUUSD=X:

17.32%

Max Drawdown

GC=F:

-44.36%

XAUUSD=X:

-69.75%

Current Drawdown

GC=F:

-4.94%

XAUUSD=X:

-5.46%

Returns By Period

The year-to-date returns for both investments are quite close, with GC=F having a 23.34% return and XAUUSD=X slightly higher at 23.59%. Both investments have delivered pretty close results over the past 10 years, with GC=F having a 10.21% annualized return and XAUUSD=X not far behind at 9.88%.

GC=F

YTD

23.34%

1M

0.75%

6M

26.27%

1Y

35.76%

5Y*

13.10%

10Y*

10.21%

XAUUSD=X

YTD

23.59%

1M

0.47%

6M

26.37%

1Y

35.91%

5Y*

12.78%

10Y*

9.88%

*Annualized

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Risk-Adjusted Performance

GC=F vs. XAUUSD=X — 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
XAUUSD=X
The Risk-Adjusted Performance Rank of XAUUSD=X is 9898
Overall Rank
The Sharpe Ratio Rank of XAUUSD=X is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of XAUUSD=X is 9999
Sortino Ratio Rank
The Omega Ratio Rank of XAUUSD=X is 9595
Omega Ratio Rank
The Calmar Ratio Rank of XAUUSD=X is 100100
Calmar Ratio Rank
The Martin Ratio Rank of XAUUSD=X is 9797
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. XAUUSD=X - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Gold Spot US Dollar (XAUUSD=X). 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 comparable to the XAUUSD=X Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of GC=F and XAUUSD=X, 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. XAUUSD=X - Drawdown Comparison

The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum XAUUSD=X drawdown of -69.75%. Use the drawdown chart below to compare losses from any high point for GC=F and XAUUSD=X. For additional features, visit the drawdowns tool.

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Volatility

GC=F vs. XAUUSD=X - Volatility Comparison

Gold (GC=F) has a higher volatility of 8.93% compared to Gold Spot US Dollar (XAUUSD=X) at 7.99%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than XAUUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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