CMCX.L vs. GLD
CMCX.L (CMC Markets plc) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, CMCX.L returned 10.03%/yr vs 12.73%/yr for GLD. At a correlation of -0.00, they often move in opposite directions.
Performance
CMCX.L vs. GLD - Performance Comparison
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Different Trading Currencies
CMCX.L is traded in GBp, while GLD is traded in USD. To make them comparable, the GLD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMCX.L achieves a 55.18% return, which is significantly higher than GLD's -1.97% return. Over the past 10 years, CMCX.L has underperformed GLD with an annualized return of 10.03%, while GLD has yielded a comparatively higher 12.73% annualized return.
CMCX.L
- 1D
- 0.11%
- 1M
- 22.43%
- YTD
- 55.18%
- 6M
- 62.81%
- 1Y
- 93.05%
- 3Y*
- 46.87%
- 5Y*
- 3.69%
- 10Y*
- 10.03%
GLD
- 1D
- 0.14%
- 1M
- -7.94%
- YTD
- -1.97%
- 6M
- -2.49%
- 1Y
- 23.73%
- 3Y*
- 26.29%
- 5Y*
- 18.29%
- 10Y*
- 12.73%
CMCX.L vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMCX.L CMC Markets plc | 55.18% | 27.16% | 144.09% | -51.43% | -10.97% | -28.25% | 183.92% | 43.23% | -26.78% | 45.42% |
GLD SPDR Gold Shares | -1.97% | 52.02% | 28.87% | 7.06% | 11.03% | -3.24% | 21.15% | 13.37% | 3.87% | 3.05% |
Correlation
The correlation between CMCX.L 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2016 | -0.00 |
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Return for Risk
CMCX.L vs. GLD — Risk / Return Rank
CMCX.L
GLD
CMCX.L vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CMC Markets plc (CMCX.L) 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.
| CMCX.L | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.21 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | 1.11 | +4.05 |
| Martin ratioReturn relative to average drawdown | 13.26 | 3.30 | +9.96 |
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Drawdowns
CMCX.L vs. GLD - Drawdown Comparison
The maximum CMCX.L drawdown since its inception was -81.04%, which is greater than GLD's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for CMCX.L and GLD.
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Drawdown Indicators
| CMCX.L | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.04% | -41.89% | -39.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -23.37% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -45.29% | -23.37% | -21.92% |
Max Drawdown (5Y)Largest decline over 5 years | -78.60% | -23.37% | -55.23% |
Max Drawdown (10Y)Largest decline over 10 years | -81.04% | -23.37% | -57.67% |
Current DrawdownCurrent decline from peak | -0.22% | -21.12% | +20.90% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -13.24% | -27.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 7.84% | -1.21% |
Volatility
CMCX.L vs. GLD - Volatility Comparison
CMC Markets plc (CMCX.L) has a higher volatility of 17.61% compared to SPDR Gold Shares (GLD) at 7.10%. This indicates that CMCX.L'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
| CMCX.L | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.61% | 7.10% | +10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 24.26% | 22.61% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.97% | 26.01% | +15.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.85% | 16.93% | +29.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.35% | 16.32% | +30.03% |
Dividends
CMCX.L vs. GLD - Dividend Comparison
CMCX.L's dividend yield for the trailing twelve months is around 2.97%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMCX.L CMC Markets plc | 2.97% | 4.62% | 4.19% | 4.67% | 5.53% | 9.46% | 5.47% | 2.41% | 6.94% | 5.95% |
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
CMCX.L 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.
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