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Performance
Performance Chart
The chart shows the growth of an initial investment of A$10,000 in Ishares Physical Gold ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
GLDN.AX is traded in AUD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to AUD using the latest available exchange rates.
Returns By Period
Ishares Physical Gold ETF (GLDN.AX) has returned 2.48% so far this year and 34.27% over the past 12 months.
Ishares Physical Gold ETF
- 1D
- 1.67%
- 1M
- -8.29%
- YTD
- 2.48%
- 6M
- 13.48%
- 1Y
- 34.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.99%
- 1M
- -2.27%
- YTD
- -7.91%
- 6M
- -6.62%
- 1Y
- 5.15%
- 3Y*
- 15.40%
- 5Y*
- 12.34%
- 10Y*
- 13.35%
Monthly Returns
Based on dividend-adjusted daily data since Nov 2, 2023, GLDN.AX's average daily return is +0.13%, while the average monthly return is +2.79%. At this rate, your investment would double in approximately 2.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Jan 2026 with a return of +14.6%, while the worst month was Mar 2026 at -8.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, GLDN.AX closed higher 55% of trading days. The best single day was Mar 25, 2026 with a return of +5.6%, while the worst single day was Feb 2, 2026 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.61% | -2.50% | -8.29% | 2.48% | |||||||||
| 2025 | 7.56% | 2.31% | 7.57% | 4.15% | -0.75% | -2.06% | 1.67% | 2.12% | 12.57% | 3.86% | 4.97% | 1.57% | 55.11% |
| 2024 | 2.32% | 0.73% | 7.88% | 5.92% | -0.88% | -0.78% | 6.26% | -0.88% | 3.70% | 10.67% | -3.64% | 2.39% | 38.15% |
| 2023 | -0.24% | -1.87% | -2.11% |
Benchmark Metrics
Ishares Physical Gold ETF has an annualized alpha of 42.09%, beta of -0.03, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 03, 2023.
- This ETF captured 78.65% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -144.71%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.03 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 42.09%
- Beta
- -0.03
- R²
- 0.00
- Upside Capture
- 78.65%
- Downside Capture
- -144.71%
Expense Ratio
GLDN.AX has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
GLDN.AX ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Ishares Physical Gold ETF (GLDN.AX) and compare them to a chosen benchmark (S&P 500 Index).
| GLDN.AX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.32 | +0.99 |
Sortino ratioReturn per unit of downside risk | 1.77 | 0.55 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.55 | +1.01 |
Martin ratioReturn relative to average drawdown | 5.10 | 1.55 | +3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore GLDN.AX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Ishares Physical Gold ETF provided a 0.07% dividend yield over the last twelve months, with an annual payout of A$0.04 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | A$0.04 | A$0.04 |
Dividend yield | 0.07% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Ishares Physical Gold ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | |||||||||
| 2025 | A$0.04 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.04 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Ishares Physical Gold ETF. 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 Ishares Physical Gold ETF was 20.81%, occurring on Mar 24, 2026. The portfolio has not yet recovered.
The current Ishares Physical Gold ETF drawdown is 14.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.81% | Jan 30, 2026 | 38 | Mar 24, 2026 | — | — | — |
| -11.07% | Oct 20, 2025 | 8 | Oct 29, 2025 | 50 | Jan 12, 2026 | 58 |
| -10.51% | Apr 23, 2025 | 16 | May 15, 2025 | 80 | Sep 5, 2025 | 96 |
| -7.56% | Apr 22, 2024 | 47 | Jun 27, 2024 | 25 | Aug 1, 2024 | 72 |
| -6.77% | Oct 31, 2024 | 11 | Nov 14, 2024 | 33 | Jan 3, 2025 | 44 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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