WAGA.PA vs. GC=F

Last updated Jul 21, 2026

WAGA.PA (Waga Energy SA) is a stock, while GC=F (Gold Futures) is an asset. At a correlation of -0.02, they often move in opposite directions.

Performance

WAGA.PA vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Waga Energy SA (WAGA.PA) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WAGA.PA is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

WAGA.PA

• 1D: -3.25%
• 1M: -3.67%
• 6M: -3.04%
• YTD: -8.98%
• 1Y: 2.53%
• 3Y*: -8.12%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.37%

GC=F

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

WAGA.PA vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WAGA.PA Waga Energy SA	-8.98%	53.12%	-37.13%	-10.70%	1.79%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	13.25%

Correlation

The correlation between WAGA.PA and GC=F is -0.02, 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 (All Time) Calculated using the full available price history since Jan 31, 2022	-0.02

Return for Risk

WAGA.PA vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WAGA.PA

WAGA.PA Risk / Return Rank: 49
WAGA.PA Sharpe Ratio Rank: 51
WAGA.PA Sortino Ratio Rank: 43
WAGA.PA Omega Ratio Rank: 44
WAGA.PA Calmar Ratio Rank: 52
WAGA.PA Martin Ratio Rank: 53

GC=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAGA.PA vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waga Energy SA (WAGA.PA) 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.

	WAGA.PA	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	0.14	—	—
Sortino ratio: Return per unit of downside risk	0.35	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.21	—	—
Martin ratio: Return relative to average drawdown	0.52	—	—

Drawdowns

Drawdown Indicators

	WAGA.PA	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-77.39%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-71.13%	—	—
Current Drawdown Current decline from peak	-41.78%	—	—
Average Drawdown Average peak-to-trough decline	-36.98%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	—	—

Volatility

Volatility by Period

	WAGA.PA	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.86%	—	—

Frequently Asked Questions

Can I hold both WAGA.PA and GC=F in my portfolio?

WAGA.PA and GC=F have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.