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XAUUSD=X vs. GC=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between XAUUSD=X and GC=F is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.0

Performance

XAUUSD=X vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Spot US Dollar (XAUUSD=X) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

800.00%900.00%1,000.00%1,100.00%1,200.00%NovemberDecember2025FebruaryMarchApril
1,127.69%
1,129.03%
XAUUSD=X
GC=F

Key characteristics

Sharpe Ratio

XAUUSD=X:

2.86

GC=F:

2.34

Sortino Ratio

XAUUSD=X:

3.87

GC=F:

3.01

Omega Ratio

XAUUSD=X:

1.56

GC=F:

1.42

Calmar Ratio

XAUUSD=X:

5.24

GC=F:

4.95

Martin Ratio

XAUUSD=X:

14.59

GC=F:

12.57

Ulcer Index

XAUUSD=X:

2.90%

GC=F:

3.15%

Daily Std Dev

XAUUSD=X:

14.98%

GC=F:

16.66%

Max Drawdown

XAUUSD=X:

-69.75%

GC=F:

-44.36%

Current Drawdown

XAUUSD=X:

-1.96%

GC=F:

-1.17%

Returns By Period

The year-to-date returns for both investments are quite close, with XAUUSD=X having a 27.95% return and GC=F slightly higher at 28.04%. Over the past 10 years, XAUUSD=X has outperformed GC=F with an annualized return of 10.22%, while GC=F has yielded a comparatively lower 9.46% annualized return.


XAUUSD=X

YTD

27.95%

1M

11.17%

6M

22.72%

1Y

44.96%

5Y*

13.09%

10Y*

10.22%

GC=F

YTD

28.04%

1M

11.33%

6M

23.09%

1Y

44.82%

5Y*

12.55%

10Y*

9.46%

*Annualized

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Risk-Adjusted Performance

XAUUSD=X vs. GC=F — Risk-Adjusted Performance Rank

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

XAUUSD=X
The Risk-Adjusted Performance Rank of XAUUSD=X is 9898
Overall Rank
The Sharpe Ratio Rank of XAUUSD=X is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of XAUUSD=X is 9797
Sortino Ratio Rank
The Omega Ratio Rank of XAUUSD=X is 9595
Omega Ratio Rank
The Calmar Ratio Rank of XAUUSD=X is 100100
Calmar Ratio Rank
The Martin Ratio Rank of XAUUSD=X is 9696
Martin Ratio Rank

GC=F
The Risk-Adjusted Performance Rank of GC=F is 9494
Overall Rank
The Sharpe Ratio Rank of GC=F is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 9494
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 9494
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 9494
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

XAUUSD=X vs. GC=F - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Spot US Dollar (XAUUSD=X) and Gold (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.


The chart of Sharpe ratio for XAUUSD=X, currently valued at 2.86, compared to the broader market-1.000.001.002.00
XAUUSD=X: 2.86
GC=F: 2.61
The chart of Sortino ratio for XAUUSD=X, currently valued at 3.87, compared to the broader market-1.000.001.002.003.004.00
XAUUSD=X: 3.87
GC=F: 3.39
The chart of Omega ratio for XAUUSD=X, currently valued at 1.56, compared to the broader market1.001.502.002.50
XAUUSD=X: 1.56
GC=F: 1.53
The chart of Calmar ratio for XAUUSD=X, currently valued at 5.24, compared to the broader market0.001.002.003.004.00
XAUUSD=X: 5.24
GC=F: 5.12
The chart of Martin ratio for XAUUSD=X, currently valued at 14.59, compared to the broader market0.005.0010.0015.0020.0025.00
XAUUSD=X: 14.59
GC=F: 14.11

The current XAUUSD=X Sharpe Ratio is 2.86, which is comparable to the GC=F Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of XAUUSD=X and GC=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
2.86
2.61
XAUUSD=X
GC=F

Drawdowns

XAUUSD=X vs. GC=F - Drawdown Comparison

The maximum XAUUSD=X drawdown since its inception was -69.75%, 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 XAUUSD=X and GC=F. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.96%
-1.17%
XAUUSD=X
GC=F

Volatility

XAUUSD=X vs. GC=F - Volatility Comparison

The current volatility for Gold Spot US Dollar (XAUUSD=X) is 8.02%, while Gold (GC=F) has a volatility of 8.95%. This indicates that XAUUSD=X 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%NovemberDecember2025FebruaryMarchApril
8.02%
8.95%
XAUUSD=X
GC=F