CETX vs. GLD

Last updated Jun 3, 2026

CETX (Cemtrex Inc) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, CETX returned -81.86%/yr vs 13.12%/yr for GLD. At a 0.02 correlation, their price movements are largely independent.

Performance

CETX vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cemtrex Inc (CETX) 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, CETX achieves a -64.05% return, which is significantly lower than GLD's 2.92% return. Over the past 10 years, CETX has underperformed GLD with an annualized return of -81.86%, while GLD has yielded a comparatively higher 13.12% annualized return.

CETX

• 1D: -3.34%
• 1M: -15.36%
• YTD: -64.05%
• 6M: -66.87%
• 1Y: -93.79%
• 3Y*: -98.55%
• 5Y*: -94.31%
• 10Y*: -81.86%

GLD

• 1D: -0.99%
• 1M: -1.65%
• YTD: 2.92%
• 6M: 5.43%
• 1Y: 32.04%
• 3Y*: 31.09%
• 5Y*: 18.15%
• 10Y*: 13.12%

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

CETX vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CETX Cemtrex Inc	-64.05%	-94.03%	-99.97%	15.72%	-84.91%	-39.27%	3.85%	-71.70%	-77.47%	-65.25%
GLD SPDR Gold Shares	2.92%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Correlation

The correlation between CETX and GLD is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jun 26, 2015	0.02

Return for Risk

CETX vs. GLD — Risk / Return Rank

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

CETX

CETX Risk / Return Rank: 10
CETX Sharpe Ratio Rank: 19
CETX Sortino Ratio Rank: 7
CETX Omega Ratio Rank: 9
CETX Calmar Ratio Rank: 3
CETX Martin Ratio Rank: 12

GLD

GLD Risk / Return Rank: 32
GLD Sharpe Ratio Rank: 32
GLD Sortino Ratio Rank: 29
GLD Omega Ratio Rank: 35
GLD Calmar Ratio Rank: 33
GLD Martin Ratio Rank: 28

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.

CETX vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cemtrex Inc (CETX) 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.

	CETX	GLD	Difference
Sharpe ratio Return per unit of total volatility	-0.48	1.21	-1.69
Sortino ratio Return per unit of downside risk	-1.32	1.60	-2.92
Omega ratio Gain probability vs. loss probability	0.85	1.24	-0.39
Calmar ratio Return relative to maximum drawdown	-0.96	1.68	-2.63
Martin ratio Return relative to average drawdown	-1.26	4.15	-5.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CETX vs. GLD - Sharpe Ratio Comparison

The current CETX Sharpe Ratio is -0.48, which is lower than the GLD Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CETX 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.

Sharpe Ratios by Period

	CETX	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	1.21	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	1.01	-1.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.59	0.83	-1.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.60	-1.19

Drawdowns

CETX vs. GLD - Drawdown Comparison

The maximum CETX drawdown since its inception was -100.00%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CETX and GLD.

Drawdown Indicators

	CETX	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-45.56%	-54.44%
Max Drawdown (1Y) Largest decline over 1 year	-97.47%	-19.21%	-78.26%
Max Drawdown (3Y) Largest decline over 3 years	-100.00%	-19.21%	-80.79%
Max Drawdown (5Y) Largest decline over 5 years	-100.00%	-21.03%	-78.97%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-22.00%	-78.00%
Current Drawdown Current decline from peak	-100.00%	-17.75%	-82.25%
Average Drawdown Average peak-to-trough decline	-83.25%	-16.16%	-67.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.04%	7.73%	+66.31%

Volatility

CETX vs. GLD - Volatility Comparison

Cemtrex Inc (CETX) has a higher volatility of 25.67% compared to SPDR Gold Shares (GLD) at 5.51%. This indicates that CETX'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

	CETX	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.67%	5.51%	+20.16%
Volatility (6M) Calculated over the trailing 6-month period	143.99%	23.16%	+120.83%
Volatility (1Y) Calculated over the trailing 1-year period	194.41%	26.61%	+167.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.65%	18.00%	+124.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.41%	15.95%	+123.46%

Dividends

CETX vs. GLD - Dividend Comparison

Neither CETX nor GLD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CETX Cemtrex Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.78%
GLD SPDR Gold Shares	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 CETX and GLD in my portfolio?

CETX and GLD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CETX or GLD?

CETX has higher volatility (25.67%) compared to GLD (5.51%). In terms of maximum drawdown, CETX dropped -100.00% vs GLD's -45.56%.

Which has better risk-adjusted returns?

GLD currently has the higher Sharpe Ratio (1.21 vs -0.48), 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.