GOLDX vs. CNYUSD=X

Last updated Jun 3, 2026

GOLDX (Gabelli Gold Fund) is Precious Metals fund managed by Gabelli, while CNYUSD=X (CNY/USD) is a currency. Over the past 10 years, GOLDX returned 14.52%/yr vs -0.29%/yr for CNYUSD=X. At a 0.17 correlation, their price movements are largely independent.

Performance

GOLDX vs. CNYUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Gold Fund (GOLDX) and CNY/USD (CNYUSD=X). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOLDX achieves a 1.07% return, which is significantly lower than CNYUSD=X's 3.45% return. Over the past 10 years, GOLDX has outperformed CNYUSD=X with an annualized return of 14.52%, while CNYUSD=X has yielded a comparatively lower -0.29% annualized return.

GOLDX

• 1D: -3.08%
• 1M: -1.54%
• YTD: 1.07%
• 6M: 8.57%
• 1Y: 68.25%
• 3Y*: 45.36%
• 5Y*: 20.27%
• 10Y*: 14.52%

CNYUSD=X

• 1D: 0.07%
• 1M: 0.96%
• YTD: 3.45%
• 6M: 4.59%
• 1Y: 6.50%
• 3Y*: 1.57%
• 5Y*: -1.08%
• 10Y*: -0.29%

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

GOLDX vs. CNYUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOLDX Gabelli Gold Fund	1.07%	165.59%	14.92%	7.85%	-11.02%	-8.97%	26.30%	43.94%	-14.80%	6.22%
CNYUSD=X CNY/USD	3.45%	4.38%	-2.76%	-2.80%	-7.92%	2.73%	6.69%	-1.24%	-5.34%	6.67%

Correlation

The correlation between GOLDX and CNYUSD=X is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007	0.17

The correlation between GOLDX and CNYUSD=X shifts across timeframes, from 0.14 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GOLDX vs. CNYUSD=X — Risk / Return Rank

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

GOLDX

GOLDX Risk / Return Rank: 33
GOLDX Sharpe Ratio Rank: 39
GOLDX Sortino Ratio Rank: 25
GOLDX Omega Ratio Rank: 34
GOLDX Calmar Ratio Rank: 39
GOLDX Martin Ratio Rank: 26

CNYUSD=X

CNYUSD=X Risk / Return Rank: 100
CNYUSD=X Sharpe Ratio Rank: 100
CNYUSD=X Sortino Ratio Rank: 100
CNYUSD=X Omega Ratio Rank: 100
CNYUSD=X Calmar Ratio Rank: 99
CNYUSD=X Martin Ratio Rank: 99

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.

GOLDX vs. CNYUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and CNY/USD (CNYUSD=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.

	GOLDX	CNYUSD=X	Difference
Sharpe ratio Return per unit of total volatility	1.81	2.43	-0.62
Sortino ratio Return per unit of downside risk	2.16	3.90	-1.74
Omega ratio Gain probability vs. loss probability	1.31	1.55	-0.24
Calmar ratio Return relative to maximum drawdown	2.43	5.60	-3.17
Martin ratio Return relative to average drawdown	6.58	19.93	-13.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLDX vs. CNYUSD=X - Sharpe Ratio Comparison

The current GOLDX Sharpe Ratio is 1.81, which is comparable to the CNYUSD=X Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of GOLDX and CNYUSD=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOLDX	CNYUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.43	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	-0.25	+0.88
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	-0.07	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.19	+0.04

Drawdowns

GOLDX vs. CNYUSD=X - Drawdown Comparison

The maximum GOLDX drawdown since its inception was -73.40%, which is greater than CNYUSD=X's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for GOLDX and CNYUSD=X.

Drawdown Indicators

	GOLDX	CNYUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-73.40%	-17.74%	-55.66%
Max Drawdown (1Y) Largest decline over 1 year	-31.96%	-1.12%	-30.84%
Max Drawdown (3Y) Largest decline over 3 years	-31.96%	-4.47%	-27.49%
Max Drawdown (5Y) Largest decline over 5 years	-44.73%	-14.09%	-30.64%
Max Drawdown (10Y) Largest decline over 10 years	-49.42%	-14.70%	-34.72%
Current Drawdown Current decline from peak	-25.93%	-10.64%	-15.29%
Average Drawdown Average peak-to-trough decline	-34.50%	-6.88%	-27.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.79%	0.32%	+11.47%

Volatility

GOLDX vs. CNYUSD=X - Volatility Comparison

Gabelli Gold Fund (GOLDX) has a higher volatility of 14.29% compared to CNY/USD (CNYUSD=X) at 0.58%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than CNYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOLDX	CNYUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.29%	0.58%	+13.71%
Volatility (6M) Calculated over the trailing 6-month period	35.80%	1.77%	+34.03%
Volatility (1Y) Calculated over the trailing 1-year period	42.68%	2.14%	+40.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.54%	3.94%	+28.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.26%	3.94%	+28.32%

Frequently Asked Questions

Can I hold both GOLDX and CNYUSD=X in my portfolio?

GOLDX and CNYUSD=X have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOLDX or CNYUSD=X?

GOLDX has higher volatility (14.29%) compared to CNYUSD=X (0.58%). In terms of maximum drawdown, GOLDX dropped -73.40% vs CNYUSD=X's -17.74%.

Which has better risk-adjusted returns?

CNYUSD=X currently has the higher Sharpe Ratio (2.43 vs 1.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.