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 0.29, 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
Key characteristics
HG=F:
0.42
^GSPC:
2.01
HG=F:
0.72
^GSPC:
2.67
HG=F:
1.09
^GSPC:
1.37
HG=F:
0.41
^GSPC:
3.04
HG=F:
0.66
^GSPC:
12.46
HG=F:
14.24%
^GSPC:
2.07%
HG=F:
22.02%
^GSPC:
12.86%
HG=F:
-62.54%
^GSPC:
-56.78%
HG=F:
-17.02%
^GSPC:
-0.06%
Returns By Period
In the year-to-date period, HG=F achieves a 5.50% return, which is significantly higher than ^GSPC's 3.48% return. Over the past 10 years, HG=F has underperformed ^GSPC with an annualized return of 5.38%, while ^GSPC has yielded a comparatively higher 11.52% annualized return.
HG=F
5.50%
4.54%
3.64%
12.07%
9.42%
5.38%
^GSPC
3.48%
1.88%
12.15%
25.12%
13.11%
11.52%
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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 4.93% compared to S&P 500 (^GSPC) at 3.79%. 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.