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 -55.10% vs 20.75% for XAUUSD=X. At a 0.00 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 47.65% return, which is significantly higher than XAUUSD=X's -6.92% return.
SKYQ
- 1D
- 0.76%
- 1M
- 10.46%
- YTD
- 47.65%
- 6M
- 12.82%
- 1Y
- -55.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAUUSD=X
- 1D
- 0.60%
- 1M
- -10.74%
- YTD
- -6.92%
- 6M
- -10.77%
- 1Y
- 20.75%
- 3Y*
- 27.90%
- 5Y*
- 17.70%
- 10Y*
- 11.77%
SKYQ vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKYQ Sky Quarry Inc | 47.65% | -80.57% | -79.05% |
XAUUSD=X Gold Spot Price US Dollar | -6.92% | 64.75% | 0.62% |
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 10, 2024 | 0.00 |
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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 | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.63 | -1.24 |
| Martin ratioReturn relative to average drawdown | -1.13 | 1.73 | -2.86 |
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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% | -26.19% | -64.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.19% | — |
Current DrawdownCurrent decline from peak | -93.99% | -25.74% | -68.25% |
Average DrawdownAverage peak-to-trough decline | -86.34% | -16.49% | -69.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.32% | 10.53% | +38.79% |
Volatility
SKYQ vs. XAUUSD=X - Volatility Comparison
Sky Quarry Inc (SKYQ) has a higher volatility of 83.11% compared to Gold Spot Price US Dollar (XAUUSD=X) at 8.40%. 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 | 83.11% | 8.40% | +74.71% |
Volatility (6M)Calculated over the trailing 6-month period | 196.08% | 21.67% | +174.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 256.90% | 23.76% | +233.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 217.08% | 16.81% | +200.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 217.08% | 15.18% | +201.90% |
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 (83.11%) compared to XAUUSD=X (8.40%). In terms of maximum drawdown, SKYQ dropped -97.40% vs XAUUSD=X's -44.69%.
XAUUSD=X currently has the higher Sharpe Ratio (0.69 vs -0.22), 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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