BLX vs. GLD
Compare and contrast key facts about Banco Latinoamericano de Comercio Exterior, S.A (BLX) 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: BLX or GLD.
Correlation
The correlation between BLX and GLD is 0.06, 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.
Performance
BLX vs. GLD - Performance Comparison
Key characteristics
BLX:
1.34
GLD:
2.45
BLX:
1.96
GLD:
3.20
BLX:
1.25
GLD:
1.41
BLX:
1.77
GLD:
5.12
BLX:
5.67
GLD:
13.67
BLX:
6.55%
GLD:
3.04%
BLX:
28.79%
GLD:
17.50%
BLX:
-95.52%
GLD:
-45.56%
BLX:
-2.95%
GLD:
-3.47%
Returns By Period
In the year-to-date period, BLX achieves a 15.60% return, which is significantly lower than GLD's 25.81% return. Over the past 10 years, BLX has underperformed GLD with an annualized return of 9.18%, while GLD has yielded a comparatively higher 10.40% annualized return.
BLX
15.60%
20.66%
22.02%
38.40%
38.32%
9.18%
GLD
25.81%
10.69%
22.02%
42.63%
13.73%
10.40%
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Risk-Adjusted Performance
BLX vs. GLD — Risk-Adjusted Performance Rank
BLX
GLD
BLX vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) 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
BLX vs. GLD - Dividend Comparison
BLX's dividend yield for the trailing twelve months is around 4.02%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 4.02% | 5.62% | 4.04% | 6.17% | 6.02% | 7.17% | 7.20% | 8.90% | 5.72% | 5.23% | 4.45% | 5.93% |
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
BLX vs. GLD - Drawdown Comparison
The maximum BLX drawdown since its inception was -95.52%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for BLX and GLD. For additional features, visit the drawdowns tool.
Volatility
BLX vs. GLD - Volatility Comparison
Banco Latinoamericano de Comercio Exterior, S.A (BLX) has a higher volatility of 10.33% compared to SPDR Gold Trust (GLD) at 9.15%. This indicates that BLX'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.