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.
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.
Performance
HG=F vs. GC=F - Performance Comparison
Key characteristics
HG=F:
0.72
GC=F:
2.50
HG=F:
1.11
GC=F:
3.07
HG=F:
1.15
GC=F:
1.44
HG=F:
0.70
GC=F:
4.64
HG=F:
1.14
GC=F:
11.69
HG=F:
14.17%
GC=F:
3.17%
HG=F:
21.95%
GC=F:
14.47%
HG=F:
-62.54%
GC=F:
-44.36%
HG=F:
-12.94%
GC=F:
-1.57%
Returns By Period
In the year-to-date period, HG=F achieves a 11.80% return, which is significantly higher than GC=F's 4.39% return. Over the past 10 years, HG=F has underperformed GC=F with an annualized return of 5.41%, while GC=F has yielded a comparatively higher 7.00% annualized return.
HG=F
11.80%
8.92%
4.47%
19.40%
9.20%
5.41%
GC=F
4.39%
3.79%
11.94%
37.05%
10.58%
7.00%
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Risk-Adjusted Performance
HG=F vs. GC=F — Risk-Adjusted Performance Rank
HG=F
GC=F
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 4.10% compared to Gold (GC=F) at 3.45%. 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.