HG=F vs. ^GSPC
Compare and contrast key facts about Copper (HG=F) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HG=F or ^GSPC.
Correlation
The correlation between HG=F and ^GSPC is 0.28, 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
HG=F vs. ^GSPC - Performance Comparison
Key characteristics
HG=F:
-0.24
^GSPC:
0.25
HG=F:
-0.18
^GSPC:
0.41
HG=F:
0.98
^GSPC:
1.06
HG=F:
-0.25
^GSPC:
0.30
HG=F:
-0.38
^GSPC:
1.15
HG=F:
15.02%
^GSPC:
3.18%
HG=F:
23.42%
^GSPC:
14.78%
HG=F:
-62.54%
^GSPC:
-56.78%
HG=F:
-10.21%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, HG=F achieves a 16.37% return, which is significantly higher than ^GSPC's -8.25% return. Over the past 10 years, HG=F has underperformed ^GSPC with an annualized return of 5.52%, while ^GSPC has yielded a comparatively higher 10.02% annualized return.
HG=F
16.37%
2.83%
4.08%
11.75%
15.90%
5.52%
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
HG=F vs. ^GSPC — Risk-Adjusted Performance Rank
HG=F
^GSPC
HG=F vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=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
HG=F vs. ^GSPC - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HG=F and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. ^GSPC - Volatility Comparison
Copper (HG=F) has a higher volatility of 7.50% compared to S&P 500 (^GSPC) at 6.71%. This indicates that HG=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.