CARR vs. GLD
CARR (Carrier Global Corporation) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, CARR returned 10.28%/yr vs 17.08%/yr for GLD. At a 0.08 correlation, their price movements are largely independent.
Performance
CARR vs. GLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CARR achieves a 33.35% return, which is significantly higher than GLD's -2.47% return.
CARR
- 1D
- 0.24%
- 1M
- 8.10%
- YTD
- 33.35%
- 6M
- 33.09%
- 1Y
- -0.12%
- 3Y*
- 16.03%
- 5Y*
- 10.28%
- 10Y*
- —
GLD
- 1D
- 0.06%
- 1M
- -7.37%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
CARR vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 33.35% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 17.42% |
Correlation
The correlation between CARR and GLD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARR vs. GLD — Risk / Return Rank
CARR
GLD
CARR vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) 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.
| CARR | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.18 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.98 | -1.03 |
| Martin ratioReturn relative to average drawdown | -0.08 | 2.81 | -2.89 |
Loading charts...
Drawdowns
CARR vs. GLD - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CARR and GLD.
Loading charts...
Drawdown Indicators
| CARR | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -45.56% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -37.38% | -24.46% | -12.92% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -24.46% | -13.45% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -24.46% | -16.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.46% | — |
Current DrawdownCurrent decline from peak | -13.13% | -22.05% | +8.92% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -16.16% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.10% | 8.49% | +15.61% |
Volatility
CARR vs. GLD - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 12.13% compared to SPDR Gold Shares (GLD) at 7.79%. This indicates that CARR'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.
Loading charts...
Volatility by Period
| CARR | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.13% | 7.79% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 27.68% | 24.10% | +3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.29% | 27.37% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 18.22% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.83% | 16.08% | +18.75% |
Dividends
CARR vs. GLD - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.65%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.65% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CARR 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.
CARR has higher volatility (12.13%) compared to GLD (7.79%). In terms of maximum drawdown, CARR dropped -40.82% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.87 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.
Find the right allocation for CARR and GLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer