USDC-USD vs. GC=F
USDC-USD (USDCoin) is a cryptocurrency, while GC=F (Gold Futures) is an asset. Over the past 5 years, USDC-USD returned -0.00%/yr vs 18.96%/yr for GC=F. At a 0.03 correlation, their price movements are largely independent.
Performance
USDC-USD vs. GC=F - Performance Comparison
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Returns By Period
In the year-to-date period, USDC-USD achieves a 0.02% return, which is significantly lower than GC=F's 4.09% return.
USDC-USD
- 1D
- 0.01%
- 1M
- 0.01%
- YTD
- 0.02%
- 6M
- -0.00%
- 1Y
- -0.00%
- 3Y*
- 0.00%
- 5Y*
- -0.00%
- 10Y*
- —
GC=F
- 1D
- 1.48%
- 1M
- -3.83%
- YTD
- 4.09%
- 6M
- 6.87%
- 1Y
- 34.37%
- 3Y*
- 31.99%
- 5Y*
- 18.96%
- 10Y*
- 13.72%
USDC-USD vs. GC=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USDC-USD USDCoin | 0.02% | -0.03% | -0.02% | 0.02% | -0.01% | 0.03% | -0.40% | -1.26% | 1.43% |
GC=F Gold Futures | 4.09% | 64.52% | 27.48% | 13.34% | -0.43% | -3.47% | 24.59% | 18.87% | 7.93% |
Correlation
The correlation between USDC-USD and GC=F is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2018 | 0.03 |
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Return for Risk
USDC-USD vs. GC=F — Risk / Return Rank
USDC-USD
GC=F
USDC-USD vs. GC=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
| USDC-USD | GC=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 1.83 | -1.83 |
| Martin ratioReturn relative to average drawdown | -0.00 | 4.59 | -4.59 |
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
| USDC-USD | GC=F | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 1.22 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 1.04 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.62 | -0.63 |
Drawdowns
USDC-USD vs. GC=F - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -6.79%, smaller than the maximum GC=F drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for USDC-USD and GC=F.
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Drawdown Indicators
| USDC-USD | GC=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.79% | -44.36% | +37.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -17.73% | +17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -0.11% | -17.73% | +17.62% |
Max Drawdown (5Y)Largest decline over 5 years | -3.32% | -20.43% | +17.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.87% | — |
Current DrawdownCurrent decline from peak | -3.63% | -15.34% | +11.71% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -13.03% | +9.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 7.13% | -7.11% |
Volatility
USDC-USD vs. GC=F - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.04%, while Gold Futures (GC=F) has a volatility of 4.73%. This indicates that USDC-USD experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDC-USD | GC=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 4.73% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 23.11% | -22.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.14% | 26.50% | -26.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 18.20% | -16.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 16.44% | -13.18% |
Frequently Asked Questions
USDC-USD and GC=F have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GC=F has higher volatility (4.73%) compared to USDC-USD (0.04%). In terms of maximum drawdown, USDC-USD dropped -6.79% vs GC=F's -44.36%.
GC=F currently has the higher Sharpe Ratio (1.22 vs -0.00), 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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