XAUUSD=X vs. GOOG
XAUUSD=X (Gold Spot Price US Dollar) is a currency, while GOOG (Alphabet Inc) is a stock. Over the past 10 years, XAUUSD=X returned 11.77%/yr vs 25.31%/yr for GOOG. At a 0.02 correlation, their price movements are largely independent.
Performance
XAUUSD=X vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, XAUUSD=X achieves a -6.98% return, which is significantly lower than GOOG's 12.12% return. Over the past 10 years, XAUUSD=X has underperformed GOOG with an annualized return of 11.77%, while GOOG has yielded a comparatively higher 25.31% annualized return.
XAUUSD=X
- 1D
- -0.13%
- 1M
- -3.24%
- 6M
- -13.90%
- YTD
- -6.98%
- 1Y
- 19.97%
- 3Y*
- 27.03%
- 5Y*
- 17.41%
- 10Y*
- 11.77%
- ALL TIME*
- 10.07%
GOOG
- 1D
- 1.52%
- 1M
- -4.38%
- 6M
- 6.51%
- YTD
- 12.12%
- 1Y
- 89.51%
- 3Y*
- 43.36%
- 5Y*
- 21.73%
- 10Y*
- 25.31%
- ALL TIME*
- 22.76%
XAUUSD=X vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAUUSD=X Gold Spot Price US Dollar | -6.98% | 64.75% | 27.24% | 13.14% | -0.25% | -3.50% | 24.55% | 18.77% | -1.71% | 13.14% |
GOOG Alphabet Inc | 12.12% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between XAUUSD=X and GOOG is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.02 |
The correlation between XAUUSD=X and GOOG shifts across timeframes, from 0.02 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XAUUSD=X vs. GOOG — Risk / Return Rank
XAUUSD=X
GOOG
XAUUSD=X vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot Price US Dollar (XAUUSD=X) and Alphabet Inc (GOOG). 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.
| XAUUSD=X | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.50 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 4.34 | -3.74 |
| Martin ratioReturn relative to average drawdown | 1.38 | 13.28 | -11.90 |
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Drawdowns
XAUUSD=X vs. GOOG - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -44.69%, roughly equal to the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and GOOG.
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Drawdown Indicators
| XAUUSD=X | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -44.60% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -20.75% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -26.61% | -29.35% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.61% | -44.60% | +17.99% |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | -44.60% | +17.99% |
Current DrawdownCurrent decline from peak | -25.79% | -11.89% | -13.90% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -8.91% | -7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 6.77% | +5.98% |
Volatility
XAUUSD=X vs. GOOG - Volatility Comparison
The current volatility for Gold Spot Price US Dollar (XAUUSD=X) is 5.29%, while Alphabet Inc (GOOG) has a volatility of 10.97%. This indicates that XAUUSD=X experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAUUSD=X | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 10.97% | -5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.01% | 22.58% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 30.22% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 31.53% | -14.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 29.19% | -13.97% |
Frequently Asked Questions
XAUUSD=X and GOOG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (10.97%) compared to XAUUSD=X (5.29%). In terms of maximum drawdown, XAUUSD=X dropped -44.69% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.98 vs 0.66), 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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