GC=F vs. ^GSPC
Compare and contrast key facts about Gold (GC=F) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or ^GSPC.
Correlation
The correlation between GC=F and ^GSPC is 0.02, 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. ^GSPC - Performance Comparison
Key characteristics
GC=F:
2.27
^GSPC:
0.46
GC=F:
2.92
^GSPC:
0.77
GC=F:
1.41
^GSPC:
1.11
GC=F:
4.76
^GSPC:
0.47
GC=F:
12.08
^GSPC:
1.94
GC=F:
3.15%
^GSPC:
4.61%
GC=F:
16.53%
^GSPC:
19.44%
GC=F:
-44.36%
^GSPC:
-56.78%
GC=F:
-2.23%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, GC=F achieves a 26.66% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, GC=F has underperformed ^GSPC with an annualized return of 9.39%, while ^GSPC has yielded a comparatively higher 10.11% annualized return.
GC=F
26.66%
10.24%
21.50%
42.94%
12.61%
9.39%
^GSPC
-6.06%
-3.27%
-4.87%
9.44%
14.30%
10.11%
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Risk-Adjusted Performance
GC=F vs. ^GSPC — Risk-Adjusted Performance Rank
GC=F
^GSPC
GC=F vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and S&P 500 (^GSPC). 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. ^GSPC - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GC=F and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. ^GSPC - Volatility Comparison
The current volatility for Gold (GC=F) is 8.80%, while S&P 500 (^GSPC) has a volatility of 14.23%. This indicates that GC=F experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.