SKYQ vs. XAUUSD=X
SKYQ (Sky Quarry Inc) is a stock, while XAUUSD=X (Gold Spot Price US Dollar) is a currency. Over the past year, SKYQ returned -31.19% vs 20.31% for XAUUSD=X. At a correlation of -0.03, they often move in opposite directions.
Performance
SKYQ vs. XAUUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, SKYQ achieves a 112.53% return, which is significantly higher than XAUUSD=X's -7.06% return.
SKYQ
- 1D
- -0.52%
- 1M
- 233.33%
- 6M
- 24.97%
- YTD
- 112.53%
- 1Y
- -31.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAUUSD=X
- 1D
- 1.02%
- 1M
- -5.64%
- 6M
- -12.60%
- YTD
- -7.06%
- 1Y
- 20.31%
- 3Y*
- 26.63%
- 5Y*
- 17.26%
- 10Y*
- 11.68%
SKYQ vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKYQ Sky Quarry Inc | 112.53% | -80.57% | -79.05% |
XAUUSD=X Gold Spot Price US Dollar | -7.06% | 64.75% | 0.62% |
Correlation
The correlation between SKYQ and XAUUSD=X is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.03 |
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Return for Risk
SKYQ vs. XAUUSD=X — Risk / Return Rank
SKYQ
XAUUSD=X
SKYQ vs. XAUUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sky Quarry Inc (SKYQ) and Gold Spot Price US Dollar (XAUUSD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SKYQ | XAUUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.61 | -0.95 |
| Martin ratioReturn relative to average drawdown | -0.60 | 1.43 | -2.03 |
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Drawdowns
SKYQ vs. XAUUSD=X - Drawdown Comparison
The maximum SKYQ drawdown since its inception was -97.40%, which is greater than XAUUSD=X's maximum drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for SKYQ and XAUUSD=X.
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Drawdown Indicators
| SKYQ | XAUUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -44.69% | -52.71% |
Max Drawdown (1Y)Largest decline over 1 year | -90.95% | -26.61% | -64.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.61% | — |
Current DrawdownCurrent decline from peak | -91.35% | -25.86% | -65.49% |
Average DrawdownAverage peak-to-trough decline | -86.54% | -16.57% | -69.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.77% | 12.54% | +39.23% |
Volatility
SKYQ vs. XAUUSD=X - Volatility Comparison
Sky Quarry Inc (SKYQ) has a higher volatility of 94.68% compared to Gold Spot Price US Dollar (XAUUSD=X) at 6.01%. This indicates that SKYQ's price experiences larger fluctuations and is considered to be riskier than XAUUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYQ | XAUUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 94.68% | 6.01% | +88.67% |
Volatility (6M)Calculated over the trailing 6-month period | 175.97% | 17.21% | +158.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 265.51% | 24.05% | +241.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.98% | 16.90% | +203.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.98% | 15.23% | +204.75% |
Frequently Asked Questions
SKYQ and XAUUSD=X have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYQ has higher volatility (94.68%) compared to XAUUSD=X (6.01%). In terms of maximum drawdown, SKYQ dropped -97.40% vs XAUUSD=X's -44.69%.
XAUUSD=X currently has the higher Sharpe Ratio (0.67 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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