BG vs. GLD
BG (Bunge Limited) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, BG returned 8.51%/yr vs 11.05%/yr for GLD. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
BG vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, BG achieves a 20.66% return, which is significantly higher than GLD's -6.25% return. Over the past 10 years, BG has underperformed GLD with an annualized return of 8.51%, while GLD has yielded a comparatively higher 11.05% annualized return.
BG
- 1D
- 1.10%
- 1M
- 1.28%
- 6M
- -5.62%
- YTD
- 20.66%
- 1Y
- 36.94%
- 3Y*
- 2.24%
- 5Y*
- 9.51%
- 10Y*
- 8.51%
- ALL TIME*
- 10.10%
GLD
- 1D
- -1.49%
- 1M
- 0.25%
- 6M
- -16.50%
- YTD
- -6.25%
- 1Y
- 22.64%
- 3Y*
- 27.22%
- 5Y*
- 16.95%
- 10Y*
- 11.05%
- ALL TIME*
- 10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.20M | $156.93M | $196.43M | |
| $2.38B | $2.40B | $2.72B |
BG vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BG Bunge Limited | 20.66% | 18.56% | -20.74% | 3.79% | 9.28% | 46.77% | 18.92% | 11.77% | -17.99% | -4.76% |
GLD SPDR Gold Shares | -6.25% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between BG and GLD is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.09 |
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Return for Risk
BG vs. GLD — Risk / Return Rank
BG
GLD
BG vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bunge Limited (BG) 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.
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.
| BG | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.86 | +0.98 |
| Martin ratioReturn relative to average drawdown | 5.72 | 1.86 | +3.86 |
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Drawdowns
BG vs. GLD - Drawdown Comparison
The maximum BG drawdown since its inception was -77.34%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for BG and GLD.
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Drawdown Indicators
| BG | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -45.56% | -31.78% |
Max Drawdown (1Y)Largest decline over 1 year | -20.18% | -26.40% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -38.82% | -26.40% | -12.42% |
Max Drawdown (5Y)Largest decline over 5 years | -41.49% | -26.40% | -15.09% |
Max Drawdown (10Y)Largest decline over 10 years | -60.49% | -26.40% | -34.09% |
Current DrawdownCurrent decline from peak | -19.16% | -25.08% | +5.92% |
Average DrawdownAverage peak-to-trough decline | -28.79% | -16.21% | -12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 12.18% | -5.71% |
Volatility
BG vs. GLD - Volatility Comparison
Bunge Limited (BG) has a higher volatility of 12.25% compared to SPDR Gold Shares (GLD) at 6.40%. This indicates that BG'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.
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Volatility by Period
| BG | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.25% | 6.40% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.14% | 23.52% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.79% | 28.13% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.58% | 18.49% | +11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.10% | 16.14% | +14.96% |
Dividends
BG vs. GLD - Dividend Comparison
BG's dividend yield for the trailing twelve months is around 2.65%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BG Bunge Limited | 2.65% | 3.12% | 3.48% | 2.55% | 2.31% | 2.76% | 3.05% | 3.48% | 3.59% | 2.62% | 2.21% | 2.11% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BG and GLD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BG has higher volatility (12.25%) compared to GLD (6.40%). In terms of maximum drawdown, BG dropped -77.34% vs GLD's -45.56%.
BG currently has the higher Sharpe Ratio (1.17 vs 0.81), 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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