Chart: S&P GSCI Total Return Index/S&P 500 Ratio
S&P GSCI Total Return Index/S&P 500 Ratio Chart
The S&P GSCI Total Return Index/S&P 500 Ratio expresses the price relationship between the S&P GSCI Total Return Index and the S&P 500. The chart shows the quantity of S&P 500 indices needed to purchase one S&P GSCI Total Return Index since 1971. A high ratio indicates that commodities measured by the S&P GSCI Total Return Index are relatively expensive in terms of the S&P 500 Index and vice versa.
Analysis of the Chart
The S&P GSCI Total Return Index/S&P 500 Ratio has three significant tops. The first occurred during the oil crisis of 1973/74, the second throughout the 1990 gulf war and the final during the global financial crisis of 2008. The lows in the ratio were in the early 1970s, during the dot-com bubble of the late 1990s, and in the early 2020s through the COVID pandemic.
Our Investment Funds with Gold, Commodity and Bitcoin Exposure
Source: Federal Reserve St. Louis, Incrementum AG
- Gold in USD
- Silver in USD
- Gold/Silver Ratio
- Gold/HUI Ratio
- Dow Jones/Gold Ratio
- Gold/WTI Ratio
- S&P GSCI Total Return Index/S&P 500 Ratio
- US M2/Gold Ratio
- US Total Public Debt & Gold
- Gold & Real Federal Funds
- Aggregated Central Bank Balance Sheets & Gold
- Market Capitalization of Gold & Bitcoin
- Annual Performance of Gold and Silver
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