CINF vs. GLD

Last updated Jun 13, 2026

CINF (Cincinnati Financial Corporation) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, CINF returned 12.21%/yr vs 12.15%/yr for GLD. At a correlation of -0.01, they often move in opposite directions.

Performance

CINF vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cincinnati Financial Corporation (CINF) 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, CINF achieves a 4.09% return, which is significantly higher than GLD's -2.47% return. Both investments have delivered pretty close results over the past 10 years, with CINF having a 12.21% annualized return and GLD not far behind at 12.15%.

CINF

• 1D: 0.42%
• 1M: 3.52%
• YTD: 4.09%
• 6M: 3.04%
• 1Y: 16.62%
• 3Y*: 21.01%
• 5Y*: 9.44%
• 10Y*: 12.21%

GLD

• 1D: 0.06%
• 1M: -10.21%
• YTD: -2.47%
• 6M: -2.25%
• 1Y: 23.81%
• 3Y*: 28.89%
• 5Y*: 17.08%
• 10Y*: 12.15%

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

CINF vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CINF Cincinnati Financial Corporation	4.09%	16.27%	42.48%	4.00%	-7.89%	33.28%	-14.15%	38.87%	6.25%	2.34%
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 CINF and GLD is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004	-0.01

Return for Risk

CINF vs. GLD — Risk / Return Rank

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

CINF

CINF Risk / Return Rank: 68
CINF Sharpe Ratio Rank: 70
CINF Sortino Ratio Rank: 63
CINF Omega Ratio Rank: 60
CINF Calmar Ratio Rank: 72
CINF Martin Ratio Rank: 74

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.

CINF vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cincinnati Financial Corporation (CINF) 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.

	CINF	GLD	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.87	-0.03
Sortino ratio: Return per unit of downside risk	1.27	1.24	+0.04
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.03
Calmar ratio: Return relative to maximum drawdown	1.60	0.98	+0.62
Martin ratio: Return relative to average drawdown	4.14	2.81	+1.33

CINF vs. GLD - Sharpe Ratio Comparison

The current CINF Sharpe Ratio is 0.85, which is comparable to the GLD Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of CINF 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

CINF vs. GLD - Drawdown Comparison

The maximum CINF drawdown since its inception was -59.64%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CINF and GLD.

Drawdown Indicators

	CINF	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-59.64%	-45.56%	-14.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.46%	-24.46%	+14.00%
Max Drawdown (3Y) Largest decline over 3 years	-20.03%	-24.46%	+4.43%
Max Drawdown (5Y) Largest decline over 5 years	-35.77%	-24.46%	-11.31%
Max Drawdown (10Y) Largest decline over 10 years	-58.12%	-24.46%	-33.66%
Current Drawdown Current decline from peak	-1.53%	-22.05%	+20.52%
Average Drawdown Average peak-to-trough decline	-12.19%	-16.16%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	8.49%	-4.46%

Volatility

CINF vs. GLD - Volatility Comparison

The current volatility for Cincinnati Financial Corporation (CINF) is 6.02%, while SPDR Gold Shares (GLD) has a volatility of 7.79%. This indicates that CINF experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CINF	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	7.79%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	13.80%	24.10%	-10.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	27.37%	-7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.69%	18.22%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.81%	16.08%	+12.73%

Dividends

CINF vs. GLD - Dividend Comparison

CINF's dividend yield for the trailing twelve months is around 2.10%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CINF Cincinnati Financial Corporation	2.10%	2.13%	2.25%	2.90%	2.70%	2.21%	2.75%	2.13%	2.74%	3.33%	2.53%	3.89%
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 CINF and GLD in my portfolio?

CINF and GLD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CINF or GLD?

GLD has higher volatility (7.79%) compared to CINF (6.02%). In terms of maximum drawdown, CINF dropped -59.64% vs GLD's -45.56%.

Which has better risk-adjusted returns?

GLD currently has the higher Sharpe Ratio (0.87 vs 0.85), 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.