Correlation
The correlation between ^GSPC and GC=F is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
^GSPC vs. GC=F
Compare and contrast key facts about S&P 500 (^GSPC) and Gold (GC=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPC or GC=F.
Performance
^GSPC vs. GC=F - Performance Comparison
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Key characteristics
^GSPC:
0.62
GC=F:
2.33
^GSPC:
0.94
GC=F:
2.97
^GSPC:
1.14
GC=F:
1.40
^GSPC:
0.61
GC=F:
5.33
^GSPC:
2.29
GC=F:
14.57
^GSPC:
5.01%
GC=F:
2.92%
^GSPC:
19.79%
GC=F:
18.22%
^GSPC:
-56.78%
GC=F:
-44.36%
^GSPC:
-3.78%
GC=F:
-2.10%
Returns By Period
In the year-to-date period, ^GSPC achieves a 0.52% return, which is significantly lower than GC=F's 27.03% return. Both investments have delivered pretty close results over the past 10 years, with ^GSPC having a 10.84% annualized return and GC=F not far ahead at 10.89%.
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
GC=F
27.03%
0.63%
26.51%
42.71%
21.73%
13.97%
10.89%
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Risk-Adjusted Performance
^GSPC vs. GC=F — Risk-Adjusted Performance Rank
^GSPC
GC=F
^GSPC vs. GC=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) 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.
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Drawdowns
^GSPC vs. GC=F - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, 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 ^GSPC and GC=F.
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Volatility
^GSPC vs. GC=F - Volatility Comparison
The current volatility for S&P 500 (^GSPC) is 4.76%, while Gold (GC=F) has a volatility of 7.39%. This indicates that ^GSPC 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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