ASA vs. GLD
Compare and contrast key facts about ASA Gold and Precious Metals Limited (ASA) and SPDR Gold Trust (GLD).
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: ASA or GLD.
Correlation
The correlation between ASA and GLD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASA vs. GLD - Performance Comparison
Key characteristics
ASA:
2.88
GLD:
2.90
ASA:
3.53
GLD:
3.67
ASA:
1.45
GLD:
1.49
ASA:
1.33
GLD:
5.47
ASA:
13.46
GLD:
14.93
ASA:
5.99%
GLD:
2.97%
ASA:
28.00%
GLD:
15.33%
ASA:
-85.03%
GLD:
-45.56%
ASA:
-25.06%
GLD:
-0.09%
Returns By Period
In the year-to-date period, ASA achieves a 24.04% return, which is significantly higher than GLD's 11.82% return. Both investments have delivered pretty close results over the past 10 years, with ASA having a 8.76% annualized return and GLD not far ahead at 8.94%.
ASA
24.04%
13.74%
26.41%
84.67%
11.71%
8.76%
GLD
11.82%
6.41%
16.69%
44.35%
11.87%
8.94%
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Risk-Adjusted Performance
ASA vs. GLD — Risk-Adjusted Performance Rank
ASA
GLD
ASA vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ASA Gold and Precious Metals Limited (ASA) 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.
Dividends
ASA vs. GLD - Dividend Comparison
ASA's dividend yield for the trailing twelve months is around 0.16%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASA ASA Gold and Precious Metals Limited | 0.16% | 0.20% | 0.13% | 0.14% | 0.09% | 0.09% | 0.15% | 0.21% | 0.35% | 0.36% | 0.56% | 0.40% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASA vs. GLD - Drawdown Comparison
The maximum ASA drawdown since its inception was -85.03%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for ASA and GLD. For additional features, visit the drawdowns tool.
Volatility
ASA vs. GLD - Volatility Comparison
ASA Gold and Precious Metals Limited (ASA) has a higher volatility of 10.06% compared to SPDR Gold Trust (GLD) at 3.76%. This indicates that ASA'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.