SPDR Gold Trust (GLD)
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
ISIN | US78463V1070 |
---|---|
CUSIP | 78463V107 |
Issuer | State Street |
Inception Date | Nov 18, 2004 |
Category | Precious Metals, Gold |
Index Tracked | Gold Bullion |
ETF Home Page | www.spdrs.com |
Asset Class | Commodity |
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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Performance
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.
Compare to other instruments
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
Return
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.
Period | Return | Benchmark |
---|---|---|
1 month | -2.07% | 1.70% |
Year-To-Date | 6.65% | 9.53% |
6 months | 10.84% | 4.45% |
1 year | 4.67% | 1.14% |
5 years (annualized) | 7.99% | 9.10% |
10 years (annualized) | 2.99% | 9.83% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 5.76% | -5.37% | 7.92% | 0.86% | ||||||||
2022 | -1.78% | 8.49% | 2.93% |
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
GLD SPDR Gold Trust | 0.30 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-45.56% | Aug 23, 2011 | 1088 | Dec 17, 2015 | 1160 | Jul 29, 2020 | 2248 |
-29.41% | Mar 18, 2008 | 168 | Nov 12, 2008 | 211 | Sep 16, 2009 | 379 |
-22% | Aug 7, 2020 | 538 | Sep 26, 2022 | — | — | — |
-21.79% | May 15, 2006 | 22 | Jun 14, 2006 | 317 | Sep 18, 2007 | 339 |
-12.7% | Dec 3, 2009 | 45 | Feb 8, 2010 | 64 | May 11, 2010 | 109 |
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.
Alternatives
Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
---|---|---|---|---|---|---|---|---|---|---|---|
AAAU | Jul 26, 2018 | 0.18% | 6.7% | 11.0% | 0.0% | -21.6% | 0.3 | ||||
GDX | May 22, 2006 | 0.53% | 6.1% | 2.0% | 1.6% | -80.6% | -0.1 | ||||
GLDM | Jun 25, 2018 | 0.18% | 6.8% | 9.1% | 0.0% | -21.6% | 0.3 | ||||
IAU | Jan 28, 2005 | 0.25% | 6.7% | 3.3% | 0.0% | -45.1% | 0.3 | ||||
SGOL | Sep 9, 2009 | 0.17% | 6.8% | 3.2% | 0.0% | -45.5% | 0.3 |
Portfolios with SPDR Gold Trust
Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
---|---|---|---|---|---|---|---|---|---|---|---|
Golden Butterfly Portfolio | 3.64% | 5.75% | 1.92% | 8.24% | -20.32% | 0.20% | -0.11 | ||||
Harry Browne Permanent Portfolio | 4.96% | 4.59% | 1.93% | 7.01% | -19.44% | 0.18% | -0.06 | ||||
Ray Dalio All Weather Portfolio | 4.07% | 4.83% | 2.48% | 8.17% | -24.28% | 0.19% | -0.40 |