BABA vs. GLDM
BABA (Alibaba Group Holding Limited) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, BABA returned -10.74%/yr vs 17.41%/yr for GLDM. At a 0.09 correlation, their price movements are largely independent.
Performance
BABA vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, BABA achieves a -22.32% return, which is significantly lower than GLDM's -2.40% return.
BABA
- 1D
- 0.12%
- 1M
- -14.13%
- YTD
- -22.32%
- 6M
- -26.87%
- 1Y
- 0.87%
- 3Y*
- 11.06%
- 5Y*
- -10.74%
- 10Y*
- 4.42%
GLDM
- 1D
- 0.11%
- 1M
- -7.40%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
BABA vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BABA Alibaba Group Holding Limited | -22.32% | 75.80% | 11.77% | -10.83% | -25.84% | -48.96% | 9.73% | 54.74% | -28.33% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between BABA and GLDM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.09 |
The correlation between BABA and GLDM shifts across timeframes, from 0.09 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BABA vs. GLDM — Risk / Return Rank
BABA
GLDM
BABA vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alibaba Group Holding Limited (BABA) and SPDR Gold MiniShares Trust (GLDM). 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.
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.
| BABA | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.00 | -1.06 |
| Martin ratioReturn relative to average drawdown | -0.12 | 2.87 | -2.99 |
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Drawdowns
BABA vs. GLDM - Drawdown Comparison
The maximum BABA drawdown since its inception was -80.09%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for BABA and GLDM.
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Drawdown Indicators
| BABA | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.09% | -24.35% | -55.74% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -24.35% | -15.59% |
Max Drawdown (3Y)Largest decline over 3 years | -39.94% | -24.35% | -15.59% |
Max Drawdown (5Y)Largest decline over 5 years | -72.48% | -24.35% | -48.13% |
Max Drawdown (10Y)Largest decline over 10 years | -80.09% | — | — |
Current DrawdownCurrent decline from peak | -62.20% | -21.96% | -40.24% |
Average DrawdownAverage peak-to-trough decline | -37.56% | -6.27% | -31.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.58% | 8.44% | +11.14% |
Volatility
BABA vs. GLDM - Volatility Comparison
Alibaba Group Holding Limited (BABA) has a higher volatility of 10.07% compared to SPDR Gold MiniShares Trust (GLDM) at 7.73%. This indicates that BABA's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABA | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 7.73% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 29.24% | 23.93% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.83% | 27.15% | +16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.40% | 18.13% | +33.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.40% | 16.98% | +26.42% |
Dividends
BABA vs. GLDM - Dividend Comparison
BABA's dividend yield for the trailing twelve months is around 0.93%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 0.93% | 1.36% | 1.96% | 1.29% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BABA and GLDM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABA has higher volatility (10.07%) compared to GLDM (7.73%). In terms of maximum drawdown, BABA dropped -80.09% vs GLDM's -24.35%.
GLDM currently has the higher Sharpe Ratio (0.90 vs -0.05), 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.
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