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 -71.56% vs 29.08% for XAUUSD=X. At a 0.01 correlation, their price movements are largely independent.
Performance
SKYQ vs. XAUUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, SKYQ achieves a 1.79% return, which is significantly higher than XAUUSD=X's 0.12% return.
SKYQ
- 1D
- -3.70%
- 1M
- -59.28%
- YTD
- 1.79%
- 6M
- -41.52%
- 1Y
- -71.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAUUSD=X
- 1D
- -3.29%
- 1M
- -7.74%
- YTD
- 0.12%
- 6M
- 3.08%
- 1Y
- 29.08%
- 3Y*
- 30.14%
- 5Y*
- 18.01%
- 10Y*
- 13.28%
SKYQ vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKYQ Sky Quarry Inc | 1.79% | -80.57% | -72.02% |
XAUUSD=X Gold Spot Price US Dollar | 0.12% | 64.75% | -0.23% |
Correlation
The correlation between SKYQ and XAUUSD=X is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.01 |
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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.
| SKYQ | XAUUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.14 | -1.98 |
| Martin ratioReturn relative to average drawdown | -1.38 | 2.87 | -4.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKYQ | XAUUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 1.00 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.97 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 0.58 | -0.99 |
Drawdowns
SKYQ vs. XAUUSD=X - Drawdown Comparison
The maximum SKYQ drawdown since its inception was -94.73%, 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 | -94.73% | -44.69% | -50.04% |
Max Drawdown (1Y)Largest decline over 1 year | -85.54% | -20.13% | -65.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -94.63% | -20.13% | -74.50% |
Average DrawdownAverage peak-to-trough decline | -82.07% | -16.42% | -65.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.77% | 8.77% | +43.00% |
Volatility
SKYQ vs. XAUUSD=X - Volatility Comparison
Sky Quarry Inc (SKYQ) has a higher volatility of 36.10% compared to Gold Spot Price US Dollar (XAUUSD=X) at 5.61%. 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 | 36.10% | 5.61% | +30.49% |
Volatility (6M)Calculated over the trailing 6-month period | 179.77% | 21.67% | +158.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 241.06% | 22.90% | +218.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 206.91% | 16.58% | +190.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 206.91% | 15.11% | +191.80% |
Frequently Asked Questions
SKYQ and XAUUSD=X have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYQ has higher volatility (36.10%) compared to XAUUSD=X (5.61%). In terms of maximum drawdown, SKYQ dropped -94.73% vs XAUUSD=X's -44.69%.
XAUUSD=X currently has the higher Sharpe Ratio (1.00 vs -0.30), 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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