HG=F vs. GC=F
Compare and contrast key facts about Copper (HG=F) and Gold (GC=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HG=F or GC=F.
Performance
HG=F vs. GC=F - Performance Comparison
Returns By Period
In the year-to-date period, HG=F achieves a 7.06% return, which is significantly lower than GC=F's 29.11% return. Over the past 10 years, HG=F has underperformed GC=F with an annualized return of 3.18%, while GC=F has yielded a comparatively higher 7.34% annualized return.
HG=F
7.06%
-3.90%
-14.65%
8.91%
9.28%
3.18%
GC=F
29.11%
-2.21%
11.45%
33.19%
11.27%
7.34%
Key characteristics
| HG=F | GC=F | |
|---|---|---|
| Sharpe Ratio | 0.29 | 2.18 |
| Sortino Ratio | 0.55 | 2.79 |
| Omega Ratio | 1.07 | 1.40 |
| Calmar Ratio | 0.26 | 3.83 |
| Martin Ratio | 0.55 | 11.40 |
| Ulcer Index | 11.89% | 2.69% |
| Daily Std Dev | 22.10% | 14.22% |
| Max Drawdown | -62.54% | -44.36% |
| Current Drawdown | -18.84% | -4.51% |
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Correlation
The correlation between HG=F and GC=F is 0.09, 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.
Risk-Adjusted Performance
HG=F vs. GC=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) and Gold (GC=F). 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. GC=F - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for HG=F and GC=F. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. GC=F - Volatility Comparison
Copper (HG=F) has a higher volatility of 8.58% compared to Gold (GC=F) at 5.30%. This indicates that HG=F's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.