SMMYY vs. GC=F

Last updated Aug 1, 2026

SMMYY (Sumitomo Metal Mining Co Ltd ADR) is a stock, while GC=F (Gold Futures) is an asset. Over the past 10 years, SMMYY returned 8.22%/yr vs 11.63%/yr for GC=F. Their 0.13 correlation means their historical movements had little consistent relationship.

Performance

SMMYY vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sumitomo Metal Mining Co Ltd ADR (SMMYY) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMMYY achieves a 24.88% return, which is significantly higher than GC=F's -5.25% return. Over the past 10 years, SMMYY has underperformed GC=F with an annualized return of 8.22%, while GC=F has yielded a comparatively higher 11.63% annualized return.

SMMYY

• 1D: 3.68%
• 1M: 7.94%
• 6M: -12.03%
• YTD: 24.88%
• 1Y: 122.82%
• 3Y*: 14.60%
• 5Y*: 4.98%
• 10Y*: 8.22%
• ALL TIME*: 3.80%

GC=F

• 1D: -0.04%
• 1M: -0.34%
• 6M: -13.05%
• YTD: -5.25%
• 1Y: 22.43%
• 3Y*: 28.30%
• 5Y*: 17.72%
• 10Y*: 11.63%
• ALL TIME*: 11.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GC=F Gold Futures	$116.79M	$56.64M	$28.60M
SMMYY Sumitomo Metal Mining Co Ltd ADR	$2.67M	$2.83M	$2.40M

SMMYY vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMMYY Sumitomo Metal Mining Co Ltd ADR	24.88%	79.85%	-21.60%	-16.09%	-8.81%	-13.54%	34.56%	24.15%	-42.66%	76.54%
GC=F Gold Futures	-5.25%	64.52%	27.48%	13.34%	-0.43%	-3.47%	24.59%	18.87%	-2.14%	13.59%

Correlation

The correlation between SMMYY and GC=F is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (10Y) Provides a long-term view across more market conditions.	0.18
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013	0.13

Over the past year, SMMYY and GC=F have become more correlated (0.46) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

SMMYY vs. GC=F — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMMYY

SMMYY Risk / Return Rank: 87
SMMYY Sharpe Ratio Rank: 94
SMMYY Sortino Ratio Rank: 89
SMMYY Omega Ratio Rank: 87
SMMYY Calmar Ratio Rank: 85
SMMYY Martin Ratio Rank: 82

GC=F

GC=F Risk / Return Rank: 3
GC=F Sharpe Ratio Rank: 0
GC=F Sortino Ratio Rank: 0
GC=F Omega Ratio Rank: 0
GC=F Calmar Ratio Rank: 0
GC=F Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMMYY vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sumitomo Metal Mining Co Ltd ADR (SMMYY) and Gold Futures (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.

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.

	SMMYY	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.87	+1.38
Sortino ratio: Return per unit of downside risk	2.68	1.22	+1.45
Omega ratio: Gain probability vs. loss probability	1.33	1.18	+0.15
Calmar ratio: Return relative to maximum drawdown	2.69	0.98	+1.71
Martin ratio: Return relative to average drawdown	6.09	2.17	+3.92

SMMYY vs. GC=F - Sharpe Ratio Comparison

The current SMMYY Sharpe Ratio is 2.25, which is higher than the GC=F Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of SMMYY and GC=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMMYY vs. GC=F - Drawdown Comparison

The maximum SMMYY drawdown since its inception was -67.45%, 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 SMMYY and GC=F.

Drawdown Indicators

	SMMYY	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-44.36%	-23.09%
Max Drawdown (1Y) Largest decline over 1 year	-47.78%	-25.06%	-22.72%
Max Drawdown (3Y) Largest decline over 3 years	-49.93%	-25.06%	-24.87%
Max Drawdown (5Y) Largest decline over 5 years	-67.45%	-25.06%	-42.39%
Max Drawdown (10Y) Largest decline over 10 years	-67.45%	-25.06%	-42.39%
Current Drawdown Current decline from peak	-38.42%	-22.94%	-15.48%
Average Drawdown Average peak-to-trough decline	-29.51%	-13.58%	-15.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.05%	11.31%	+9.74%

Volatility

SMMYY vs. GC=F - Volatility Comparison

Sumitomo Metal Mining Co Ltd ADR (SMMYY) has a higher volatility of 17.99% compared to Gold Futures (GC=F) at 6.13%. This indicates that SMMYY'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.

Volatility by Period

	SMMYY	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.99%	6.13%	+11.86%
Volatility (6M) Calculated over the trailing 6-month period	48.28%	23.41%	+24.87%
Volatility (1Y) Calculated over the trailing 1-year period	57.25%	28.14%	+29.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.44%	18.65%	+21.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.53%	16.66%	+22.87%

Frequently Asked Questions

Can I hold both SMMYY and GC=F in my portfolio?

SMMYY and GC=F have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMMYY or GC=F?

SMMYY has higher volatility (17.99%) compared to GC=F (6.13%). In terms of maximum drawdown, SMMYY dropped -67.45% vs GC=F's -44.36%.

Which has better risk-adjusted returns?

SMMYY currently has the higher Sharpe Ratio (2.25 vs 0.87), 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.