CNKY.L vs. GLD
Compare and contrast key facts about iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and SPDR Gold Trust (GLD).
CNKY.L and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNKY.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Jan 25, 2010. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both CNKY.L and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNKY.L or GLD.
Key characteristics
| CNKY.L | GLD | |
|---|---|---|
| YTD Return | 6.94% | 24.30% |
| 1Y Return | 12.40% | 30.48% |
| 3Y Return (Ann) | 1.64% | 10.88% |
| 5Y Return (Ann) | 4.60% | 11.49% |
| 10Y Return (Ann) | 8.73% | 7.59% |
| Sharpe Ratio | 0.66 | 2.14 |
| Sortino Ratio | 1.00 | 2.86 |
| Omega Ratio | 1.13 | 1.37 |
| Calmar Ratio | 0.76 | 4.10 |
| Martin Ratio | 1.79 | 13.62 |
| Ulcer Index | 6.23% | 2.32% |
| Daily Std Dev | 16.95% | 14.79% |
| Max Drawdown | -23.61% | -45.56% |
| Current Drawdown | -7.25% | -7.72% |
Correlation
The correlation between CNKY.L and GLD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNKY.L vs. GLD - Performance Comparison
In the year-to-date period, CNKY.L achieves a 6.94% return, which is significantly lower than GLD's 24.30% return. Over the past 10 years, CNKY.L has outperformed GLD with an annualized return of 8.73%, while GLD has yielded a comparatively lower 7.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CNKY.L vs. GLD - Expense Ratio Comparison
CNKY.L has a 0.48% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
CNKY.L vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and SPDR Gold Trust (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.
Dividends
CNKY.L vs. GLD - Dividend Comparison
Neither CNKY.L nor GLD has paid dividends to shareholders.
Drawdowns
CNKY.L vs. GLD - Drawdown Comparison
The maximum CNKY.L drawdown since its inception was -23.61%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CNKY.L and GLD. For additional features, visit the drawdowns tool.
Volatility
CNKY.L vs. GLD - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and SPDR Gold Trust (GLD) have volatilities of 5.25% and 5.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.