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AAA vs. GLD

Last updated Mar 1, 2024

Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and SPDR Gold Trust (GLD).

AAA and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or GLD.

Key characteristics


AAAGLD
YTD Return1.46%-0.97%
1Y Return8.86%10.86%
3Y Return (Ann)3.72%5.44%
Sharpe Ratio5.190.91
Daily Std Dev1.72%12.71%
Max Drawdown-2.64%-45.56%
Current Drawdown-0.01%-2.36%

Correlation

0.00
-1.001.00

The correlation between AAA and GLD is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

AAA vs. GLD - Performance Comparison

In the year-to-date period, AAA achieves a 1.46% return, which is significantly higher than GLD's -0.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%SeptemberOctoberNovemberDecember2024February
12.01%
3.42%
AAA
GLD

Compare stocks, funds, or ETFs


AAF First Priority CLO Bond ETF

SPDR Gold Trust

AAA vs. GLD - Dividend Comparison

AAA's dividend yield for the trailing twelve months is around 6.18%, while GLD has not paid dividends to shareholders.


TTM2023202220212020
AAA
AAF First Priority CLO Bond ETF
6.18%6.11%2.78%1.05%0.32%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%

AAA vs. GLD - Expense Ratio Comparison

AAA has a 0.25% expense ratio, which is lower than GLD's 0.40% expense ratio.

0.40%
0.00%2.15%
0.25%
0.00%2.15%

AAA vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and SPDR Gold Trust (GLD). 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
AAA
AAF First Priority CLO Bond ETF
5.19
GLD
SPDR Gold Trust
0.91

AAA vs. GLD - Sharpe Ratio Comparison

The current AAA Sharpe Ratio is 5.19, which is higher than the GLD Sharpe Ratio of 0.91. The chart below compares the 12-month rolling Sharpe Ratio of AAA and GLD.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.006.007.00SeptemberOctoberNovemberDecember2024February
5.19
0.91
AAA
GLD

AAA vs. GLD - Drawdown Comparison

The maximum AAA drawdown since its inception was -2.64%, smaller than the maximum GLD drawdown of -45.56%. The drawdown chart below compares losses from any high point along the way for AAA and GLD


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February
-0.01%
-1.70%
AAA
GLD

AAA vs. GLD - Volatility Comparison

The current volatility for AAF First Priority CLO Bond ETF (AAA) is 0.35%, while SPDR Gold Trust (GLD) has a volatility of 2.58%. This indicates that AAA experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%SeptemberOctoberNovemberDecember2024February
0.35%
2.58%
AAA
GLD