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.
Key characteristics
| HG=F | ^GSPC | |
|---|---|---|
| YTD Return | 17.02% | 20.30% |
| 1Y Return | 22.91% | 33.46% |
| 3Y Return (Ann) | 2.20% | 9.68% |
| 5Y Return (Ann) | 11.63% | 14.17% |
| 10Y Return (Ann) | 4.18% | 11.29% |
| Sharpe Ratio | 1.29 | 2.73 |
| Daily Std Dev | 20.87% | 12.53% |
| Max Drawdown | -62.54% | -56.78% |
| Current Drawdown | -11.29% | -0.13% |
Correlation
The correlation between HG=F and ^GSPC is 0.29, 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
In the year-to-date period, HG=F achieves a 17.02% return, which is significantly lower than ^GSPC's 20.30% return. Over the past 10 years, HG=F has underperformed ^GSPC with an annualized return of 4.18%, while ^GSPC has yielded a comparatively higher 11.29% 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
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 7.16% compared to S&P 500 (^GSPC) at 4.00%. 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.