CLS vs. GLD
CLS (Celestica Inc.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, CLS returned 43.71%/yr vs 12.15%/yr for GLD. At a 0.10 correlation, their price movements are largely independent.
Performance
CLS vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, CLS achieves a 32.99% return, which is significantly higher than GLD's -2.47% return. Over the past 10 years, CLS has outperformed GLD with an annualized return of 43.71%, while GLD has yielded a comparatively lower 12.15% annualized return.
CLS
- 1D
- 1.88%
- 1M
- 5.52%
- YTD
- 32.99%
- 6M
- 28.26%
- 1Y
- 200.71%
- 3Y*
- 207.28%
- 5Y*
- 116.26%
- 10Y*
- 43.71%
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%
CLS vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLS Celestica Inc. | 32.99% | 220.27% | 215.23% | 159.80% | 1.26% | 37.92% | -2.42% | -5.70% | -16.32% | -11.56% |
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 CLS and GLD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.10 |
The correlation between CLS and GLD shifts across timeframes, from 0.07 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLS vs. GLD — Risk / Return Rank
CLS
GLD
CLS vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS) 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.
| CLS | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 0.98 | +5.93 |
| Martin ratioReturn relative to average drawdown | 16.83 | 2.81 | +14.02 |
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Drawdowns
CLS vs. GLD - Drawdown Comparison
The maximum CLS drawdown since its inception was -96.93%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CLS and GLD.
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Drawdown Indicators
| CLS | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.93% | -45.56% | -51.37% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -24.46% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -53.96% | -24.46% | -29.50% |
Max Drawdown (5Y)Largest decline over 5 years | -53.96% | -24.46% | -29.50% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | -24.46% | -56.14% |
Current DrawdownCurrent decline from peak | -16.78% | -22.05% | +5.27% |
Average DrawdownAverage peak-to-trough decline | -73.31% | -16.16% | -57.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.98% | 8.49% | +3.49% |
Volatility
CLS vs. GLD - Volatility Comparison
Celestica Inc. (CLS) has a higher volatility of 27.54% compared to SPDR Gold Shares (GLD) at 7.79%. This indicates that CLS'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.
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Volatility by Period
| CLS | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.54% | 7.79% | +19.75% |
Volatility (6M)Calculated over the trailing 6-month period | 55.42% | 24.10% | +31.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 27.37% | +45.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.70% | 18.22% | +39.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.97% | 16.08% | +33.89% |
Dividends
CLS vs. GLD - Dividend Comparison
Neither CLS nor GLD has paid dividends to shareholders.
Frequently Asked Questions
CLS and GLD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (27.54%) compared to GLD (7.79%). In terms of maximum drawdown, CLS dropped -96.93% vs GLD's -45.56%.
CLS currently has the higher Sharpe Ratio (2.78 vs 0.87), 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.
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