ACHC vs. GLD

Last updated Jun 3, 2026

ACHC (Acadia Healthcare Company, Inc.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, ACHC returned -8.57%/yr vs 13.23%/yr for GLD. At a 0.02 correlation, their price movements are largely independent.

Performance

ACHC vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Acadia Healthcare Company, Inc. (ACHC) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACHC achieves a 72.09% return, which is significantly higher than GLD's 3.95% return. Over the past 10 years, ACHC has underperformed GLD with an annualized return of -8.57%, while GLD has yielded a comparatively higher 13.23% annualized return.

ACHC

• 1D: 4.76%
• 1M: -12.32%
• YTD: 72.09%
• 6M: 48.09%
• 1Y: 12.90%
• 3Y*: -29.43%
• 5Y*: -17.78%
• 10Y*: -8.57%

GLD

• 1D: 0.17%
• 1M: -2.65%
• YTD: 3.95%
• 6M: 6.38%
• 1Y: 32.18%
• 3Y*: 31.53%
• 5Y*: 18.64%
• 10Y*: 13.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACHC vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACHC Acadia Healthcare Company, Inc.	72.09%	-64.21%	-49.01%	-5.54%	35.62%	20.77%	51.29%	29.21%	-21.21%	-1.42%
GLD SPDR Gold Shares	3.95%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Correlation

The correlation between ACHC and GLD is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004	0.02

Return for Risk

ACHC vs. GLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACHC

ACHC Risk / Return Rank: 46
ACHC Sharpe Ratio Rank: 47
ACHC Sortino Ratio Rank: 48
ACHC Omega Ratio Rank: 48
ACHC Calmar Ratio Rank: 44
ACHC Martin Ratio Rank: 44

GLD

GLD Risk / Return Rank: 34
GLD Sharpe Ratio Rank: 34
GLD Sortino Ratio Rank: 30
GLD Omega Ratio Rank: 37
GLD Calmar Ratio Rank: 37
GLD Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACHC vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Acadia Healthcare Company, Inc. (ACHC) and SPDR Gold Shares (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.

	ACHC	GLD	Difference
Sharpe ratio Return per unit of total volatility	0.20	1.22	-1.02
Sortino ratio Return per unit of downside risk	0.78	1.61	-0.83
Omega ratio Gain probability vs. loss probability	1.10	1.24	-0.15
Calmar ratio Return relative to maximum drawdown	0.14	1.86	-1.72
Martin ratio Return relative to average drawdown	0.30	4.66	-4.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACHC vs. GLD - Sharpe Ratio Comparison

The current ACHC Sharpe Ratio is 0.20, which is lower than the GLD Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of ACHC and GLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACHC	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.22	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	1.04	-1.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.18	0.83	-1.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.60	-0.60

Drawdowns

ACHC vs. GLD - Drawdown Comparison

The maximum ACHC drawdown since its inception was -98.77%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for ACHC and GLD.

Drawdown Indicators

	ACHC	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-98.77%	-45.56%	-53.21%
Max Drawdown (1Y) Largest decline over 1 year	-57.11%	-19.21%	-37.90%
Max Drawdown (3Y) Largest decline over 3 years	-86.63%	-19.21%	-67.42%
Max Drawdown (5Y) Largest decline over 5 years	-86.89%	-21.03%	-65.86%
Max Drawdown (10Y) Largest decline over 10 years	-86.89%	-22.00%	-64.89%
Current Drawdown Current decline from peak	-72.58%	-16.93%	-55.65%
Average Drawdown Average peak-to-trough decline	-56.46%	-16.16%	-40.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	7.65%	+18.79%

Volatility

ACHC vs. GLD - Volatility Comparison

Acadia Healthcare Company, Inc. (ACHC) has a higher volatility of 15.25% compared to SPDR Gold Shares (GLD) at 5.78%. This indicates that ACHC's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACHC	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.25%	5.78%	+9.47%
Volatility (6M) Calculated over the trailing 6-month period	49.78%	23.14%	+26.64%
Volatility (1Y) Calculated over the trailing 1-year period	65.16%	26.71%	+38.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.76%	18.02%	+27.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.61%	15.95%	+32.66%

Dividends

ACHC vs. GLD - Dividend Comparison

Neither ACHC nor GLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ACHC and GLD in my portfolio?

ACHC and GLD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACHC or GLD?

ACHC has higher volatility (15.25%) compared to GLD (5.78%). In terms of maximum drawdown, ACHC dropped -98.77% vs GLD's -45.56%.

Which has better risk-adjusted returns?

GLD currently has the higher Sharpe Ratio (1.22 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.