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SPDR Gold Trust (GLD)

ETF · Currency in USD · Last updated May 27, 2023

GLD is an exchange-traded fund (ETF) that tracks the price of gold. It is designed to provide investors with a convenient and low-cost way to gain exposure to gold, which is widely regarded as a store of value and a hedge against inflation.

ETF Info

IssuerState Street
Inception DateNov 18, 2004
CategoryPrecious Metals, Gold
Index TrackedGold Bullion
ETF Home Pagewww.spdrs.com
Asset ClassCommodity

Expense Ratio

The SPDR Gold Trust has a high expense ratio of 0.40%, indicating higher-than-average management fees.


Share Price Chart

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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.

GLD (SPDR Gold Trust)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with GLD

SPDR Gold Trust

Popular comparisons: GLD vs. IAU, GLD vs. GDX, GLD vs. GLDM, GLD vs. SGOL, GLD vs. AAAU, GLD vs. SLV, GLD vs. GLTR, GLD vs. SPY, GLD vs. GDXJ, GLD vs. IAUF


SPDR Gold Trust had a return of 6.65% year-to-date (YTD) and 4.67% in the last 12 months. Over the past 10 years, SPDR Gold Trust had an annualized return of 2.99%, while the S&P 500 had an annualized return of 9.83%, indicating that SPDR Gold Trust did not perform as well as the benchmark.

1 month-2.07%1.70%
6 months10.84%4.45%
1 year4.67%1.14%
5 years (annualized)7.99%9.10%
10 years (annualized)2.99%9.83%

Monthly Returns Heatmap


Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Trust (GLD) and S&P 500 (^GSPC). 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.

Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPDR Gold Trust
S&P 500

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current SPDR Gold Trust Sharpe ratio is 0.30. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.

GLD (SPDR Gold Trust)
Benchmark (^GSPC)

Dividend History

SPDR Gold Trust doesn't pay dividends

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

GLD (SPDR Gold Trust)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the SPDR Gold Trust. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the SPDR Gold Trust is 45.56%, recorded on Dec 17, 2015. It took 1160 trading sessions for the portfolio to recover.



To Bottom


To Recover



-45.56%Aug 23, 20111088Dec 17, 20151160Jul 29, 20202248
-29.41%Mar 18, 2008168Nov 12, 2008211Sep 16, 2009379
-22%Aug 7, 2020538Sep 26, 2022
-21.79%May 15, 200622Jun 14, 2006317Sep 18, 2007339
-12.7%Dec 3, 200945Feb 8, 201064May 11, 2010109

Volatility Chart

The current SPDR Gold Trust volatility is 4.05%, 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.

GLD (SPDR Gold Trust)
Benchmark (^GSPC)


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
AAAUJul 26, 20180.18%6.7%11.0%0.0%-21.6%0.3
GDXMay 22, 20060.53%6.1%2.0%1.6%-80.6%-0.1
GLDMJun 25, 20180.18%6.8%9.1%0.0%-21.6%0.3
IAUJan 28, 20050.25%6.7%3.3%0.0%-45.1%0.3
SGOLSep 9, 20090.17%6.8%3.2%0.0%-45.5%0.3

Portfolios with SPDR Gold Trust

Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Golden Butterfly Portfolio3.64%5.75%1.92%8.24%-20.32%0.20%-0.11
Harry Browne Permanent Portfolio4.96%4.59%1.93%7.01%-19.44%0.18%-0.06
Ray Dalio All Weather Portfolio4.07%4.83%2.48%8.17%-24.28%0.19%-0.40