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SPDR Gold Trust (GLD)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US78463V1070

CUSIP

78463V107

Issuer

State Street

Inception Date

Nov 18, 2004

Leveraged

1x

Index Tracked

Gold Bullion

Home Page

www.spdrs.com

Asset Class

Commodity

Expense Ratio

GLD features an expense ratio of 0.40%, falling within the medium range.


Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
GLD vs. IAU GLD vs. GLDM GLD vs. GDX GLD vs. SPY GLD vs. GOLD GLD vs. SGOL GLD vs. SLV GLD vs. PHYS GLD vs. AAAU GLD vs. GLTR
Popular comparisons:
GLD vs. IAU GLD vs. GLDM GLD vs. GDX GLD vs. SPY GLD vs. GOLD GLD vs. SGOL GLD vs. SLV GLD vs. PHYS GLD vs. AAAU GLD vs. GLTR

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in SPDR Gold Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


350.00%400.00%450.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
445.52%
401.11%
GLD (SPDR Gold Trust)
Benchmark (^GSPC)

Returns By Period

SPDR Gold Trust had a return of 26.64% year-to-date (YTD) and 27.80% in the last 12 months. Over the past 10 years, SPDR Gold Trust had an annualized return of 7.96%, while the S&P 500 had an annualized return of 11.06%, indicating that SPDR Gold Trust did not perform as well as the benchmark.


GLD

YTD

26.64%

1M

-1.03%

6M

12.72%

1Y

27.80%

5Y*

11.67%

10Y*

7.96%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of GLD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-1.42%0.46%8.67%2.99%1.62%-0.13%5.37%2.09%5.09%4.30%-3.12%26.64%
20235.76%-5.37%7.92%0.86%-1.34%-2.22%2.29%-1.28%-4.76%7.37%2.53%1.28%12.69%
2022-1.68%6.12%1.27%-2.07%-3.26%-1.57%-2.59%-2.94%-2.89%-1.78%8.49%2.93%-0.77%
2021-3.22%-6.26%-1.14%3.56%7.68%-7.15%2.53%-0.08%-3.22%1.48%-0.69%3.30%-4.15%
20204.50%-0.64%-0.22%7.26%2.59%2.74%10.79%-0.32%-4.17%-0.52%-5.41%7.01%24.81%
20192.89%-0.61%-1.60%-0.66%1.76%8.00%0.01%7.91%-3.39%2.56%-3.21%3.66%17.86%
20183.23%-2.08%0.63%-0.95%-1.20%-3.61%-2.24%-2.14%-0.66%2.12%0.34%4.94%-1.94%
20175.42%3.18%-0.43%1.73%-0.12%-2.16%2.31%4.20%-3.37%-0.75%0.36%2.11%12.81%
20165.41%10.93%-0.84%5.11%-6.14%8.97%1.98%-3.26%0.69%-2.94%-8.36%-1.91%8.03%
20158.69%-5.91%-2.15%-0.17%0.56%-1.52%-6.62%3.71%-1.80%2.28%-6.75%-0.45%-10.67%
20143.42%6.27%-3.14%0.49%-3.05%6.32%-3.63%0.38%-6.18%-3.05%-0.49%1.31%-2.19%
2013-0.51%-5.09%0.96%-7.57%-6.20%-11.06%7.43%5.20%-4.78%-0.34%-5.51%-3.79%-28.33%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 79, GLD is among the top 21% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of GLD is 7979
Overall Rank
The Sharpe Ratio Rank of GLD is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of GLD is 7777
Sortino Ratio Rank
The Omega Ratio Rank of GLD is 7777
Omega Ratio Rank
The Calmar Ratio Rank of GLD is 8888
Calmar Ratio Rank
The Martin Ratio Rank of GLD is 7575
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.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for SPDR Gold Trust (GLD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for GLD, currently valued at 1.91, compared to the broader market0.002.004.001.912.10
The chart of Sortino ratio for GLD, currently valued at 2.53, compared to the broader market-2.000.002.004.006.008.0010.002.532.80
The chart of Omega ratio for GLD, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.39
The chart of Calmar ratio for GLD, currently valued at 3.54, compared to the broader market0.005.0010.0015.003.543.09
The chart of Martin ratio for GLD, currently valued at 10.08, compared to the broader market0.0020.0040.0060.0080.00100.0010.0813.49
GLD
^GSPC

The current SPDR Gold Trust Sharpe ratio is 1.91. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of SPDR Gold Trust with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.91
2.10
GLD (SPDR Gold Trust)
Benchmark (^GSPC)

Dividends

Dividend History


SPDR Gold Trust doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.98%
-2.62%
GLD (SPDR Gold Trust)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR Gold Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SPDR Gold Trust was 45.56%, occurring on Dec 17, 2015. Recovery took 1160 trading sessions.

The current SPDR Gold Trust drawdown is 5.98%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-45.56%Aug 23, 20111088Dec 17, 20151160Jul 29, 20202248
-29.41%Mar 18, 2008168Nov 12, 2008211Sep 16, 2009379
-22%Aug 7, 2020538Sep 26, 2022360Mar 4, 2024898
-21.79%May 15, 200622Jun 14, 2006317Sep 18, 2007339
-12.7%Dec 3, 200945Feb 8, 201064May 11, 2010109

Volatility

Volatility Chart

The current SPDR Gold Trust volatility is 5.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.21%
3.79%
GLD (SPDR Gold Trust)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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