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Performance
GXLD.AX Performance Chart
Global X Gold Bullion ETF (GXLD.AX) is down 11.7% since the beginning of the year. GXLD.AX is currently trading at A$57 per share.
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Returns By Period
Global X Gold Bullion ETF (GXLD.AX) has returned -11.66% so far this year and 11.59% over the past 12 months.
Global X Gold Bullion ETF
- 1D
- -0.17%
- 1M
- -5.54%
- 6M
- -17.02%
- YTD
- -11.66%
- 1Y
- 11.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
GXLD.AX Monthly Returns History
Based on dividend-adjusted daily data since May 2, 2024, GXLD.AX's average daily return is +0.09%, while the average monthly return is +1.90%. At this rate, an investment would double in approximately 3.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Jan 2026 with a return of +14.3%, while the worst month was Mar 2026 at -8.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GXLD.AX closed higher 52% of trading days. The best single day was Feb 4, 2026 with a return of +5.3%, while the worst single day was Feb 2, 2026 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.26% | -2.04% | -8.32% | -3.77% | -1.78% | -8.28% | -0.69% | -11.66% | |||||
| 2025 | 7.02% | 2.77% | 7.27% | 4.17% | -0.60% | -1.93% | 1.53% | 2.28% | 12.28% | 4.02% | 4.98% | 1.49% | 54.77% |
| 2024 | -1.26% | -0.71% | 5.34% | 0.19% | 3.73% | 10.40% | -3.54% | 2.57% | 17.24% |
Benchmark Metrics
Global X Gold Bullion ETF has an annualized alpha of 27.21%, beta of 0.05, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 02, 2024.
- This ETF captured 48.06% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -116.62%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.05 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
- 27.21%
- Beta
- 0.05
- R²
- 0.00
- Upside Capture
- 48.06%
- Downside Capture
- -116.62%
Return for Risk
Risk / Return Rank
GXLD.AX ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Gold Bullion ETF (GXLD.AX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GXLD.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.11 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.08 | 3.10 | -2.02 |
Dividends
Dividend History
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 Global X Gold Bullion 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 Global X Gold Bullion ETF was 24.63%, occurring on Jul 16, 2026. The portfolio has not yet recovered.
The current Global X Gold Bullion ETF drawdown is 24.63%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-24.63%Jul 2026 | 5mo 17d | — | 5mo 17dJan 2026 - now | — |
-11.11%Oct 2025 | 9d | 2mo 15d | 2mo 24dOct 2025 - Jan 2026 | — |
-10.49%May 2025 | 22d | 3mo 23d | 4mo 15dApr 2025 - Sep 2025 | 2025 selloff2025 |
-6.76%Nov 2024 | 14d | 1mo 20d | 2mo 4dOct 2024 - Jan 2025 | — |
-5.01%Jun 2024 | 1mo 7d | 21d | 1mo 28dMay 2024 - Jul 2024 | — |
Drawdown Indicators
| GXLD.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -41.07% | +16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -24.63% | -11.69% | -12.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -24.63% | -0.60% | -24.03% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -11.02% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 4.20% | +6.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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