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.
Key characteristics
| GC=F | ^GSPC | |
|---|---|---|
| YTD Return | 12.86% | 14.48% |
| 1Y Return | 21.16% | 24.20% |
| 3Y Return (Ann) | 8.40% | 8.38% |
| 5Y Return (Ann) | 9.60% | 13.19% |
| 10Y Return (Ann) | 5.06% | 10.74% |
| Sharpe Ratio | 1.45 | 2.22 |
| Daily Std Dev | 13.89% | 11.17% |
| Max Drawdown | -44.36% | -56.78% |
| Current Drawdown | -4.36% | -0.48% |
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
In the year-to-date period, GC=F achieves a 12.86% return, which is significantly lower than ^GSPC's 14.48% return. Over the past 10 years, GC=F has underperformed ^GSPC with an annualized return of 5.06%, while ^GSPC has yielded a comparatively higher 10.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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
Gold (GC=F) has a higher volatility of 4.97% compared to S&P 500 (^GSPC) at 1.78%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.