CBRL vs. GLD

Last updated Jun 13, 2026

CBRL (Cracker Barrel Old Country Store, Inc.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, CBRL returned -8.52%/yr vs 12.15%/yr for GLD. At a correlation of -0.03, they often move in opposite directions.

Performance

CBRL vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cracker Barrel Old Country Store, Inc. (CBRL) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBRL achieves a 86.65% return, which is significantly higher than GLD's -2.47% return. Over the past 10 years, CBRL has underperformed GLD with an annualized return of -8.52%, while GLD has yielded a comparatively higher 12.15% annualized return.

CBRL

• 1D: 2.62%
• 1M: 52.04%
• YTD: 86.65%
• 6M: 73.47%
• 1Y: -8.02%
• 3Y*: -17.57%
• 5Y*: -18.05%
• 10Y*: -8.52%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBRL vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBRL Cracker Barrel Old Country Store, Inc.	86.65%	-50.94%	-27.92%	-14.02%	-22.66%	-0.85%	-11.25%	-0.79%	3.69%	0.16%
GLD SPDR Gold Shares	-2.47%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Correlation

The correlation between CBRL and GLD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004	-0.03

The correlation between CBRL and GLD shifts across timeframes, from -0.03 (all time) to 0.09 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

CBRL vs. GLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBRL

CBRL Risk / Return Rank: 35
CBRL Sharpe Ratio Rank: 33
CBRL Sortino Ratio Rank: 34
CBRL Omega Ratio Rank: 33
CBRL Calmar Ratio Rank: 37
CBRL Martin Ratio Rank: 38

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBRL vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cracker Barrel Old Country Store, Inc. (CBRL) 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.

	CBRL	GLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	0.87	-1.10
Sortino ratio: Return per unit of downside risk	0.06	1.24	-1.18
Omega ratio: Gain probability vs. loss probability	1.01	1.18	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.20	0.98	-1.18
Martin ratio: Return relative to average drawdown	-0.27	2.81	-3.08

CBRL vs. GLD - Sharpe Ratio Comparison

The current CBRL Sharpe Ratio is -0.23, which is lower than the GLD Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of CBRL and GLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CBRL vs. GLD - Drawdown Comparison

The maximum CBRL drawdown since its inception was -82.98%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CBRL and GLD.

Drawdown Indicators

	CBRL	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-82.98%	-45.56%	-37.42%
Max Drawdown (1Y) Largest decline over 1 year	-64.96%	-24.46%	-40.50%
Max Drawdown (3Y) Largest decline over 3 years	-71.91%	-24.46%	-47.45%
Max Drawdown (5Y) Largest decline over 5 years	-80.07%	-24.46%	-55.61%
Max Drawdown (10Y) Largest decline over 10 years	-82.98%	-24.46%	-58.52%
Current Drawdown Current decline from peak	-67.75%	-22.05%	-45.70%
Average Drawdown Average peak-to-trough decline	-24.20%	-16.16%	-8.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.23%	8.49%	+39.74%

Volatility

CBRL vs. GLD - Volatility Comparison

Cracker Barrel Old Country Store, Inc. (CBRL) has a higher volatility of 23.27% compared to SPDR Gold Shares (GLD) at 7.79%. This indicates that CBRL'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.

Volatility by Period

	CBRL	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.27%	7.79%	+15.48%
Volatility (6M) Calculated over the trailing 6-month period	41.99%	24.10%	+17.89%
Volatility (1Y) Calculated over the trailing 1-year period	57.53%	27.37%	+30.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.08%	18.22%	+28.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.48%	16.08%	+27.40%

Dividends

CBRL vs. GLD - Dividend Comparison

CBRL's dividend yield for the trailing twelve months is around 2.14%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBRL Cracker Barrel Old Country Store, Inc.	2.14%	3.94%	5.86%	6.75%	5.49%	1.79%	2.96%	3.32%	3.07%	5.16%	4.64%	5.68%
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

Can I hold both CBRL and GLD in my portfolio?

CBRL and GLD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBRL or GLD?

CBRL has higher volatility (23.27%) compared to GLD (7.79%). In terms of maximum drawdown, CBRL dropped -82.98% vs GLD's -45.56%.

Which has better risk-adjusted returns?

GLD currently has the higher Sharpe Ratio (0.87 vs -0.23), 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.