COM vs. GLD
Compare and contrast key facts about Direxion Auspice Broad Commodity Strategy ETF (COM) and SPDR Gold Trust (GLD).
COM and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017. 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 COM 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: COM or GLD.
Key characteristics
| COM | GLD | |
|---|---|---|
| YTD Return | 5.11% | 11.83% |
| 1Y Return | -3.12% | 14.01% |
| 3Y Return (Ann) | 7.17% | 8.89% |
| 5Y Return (Ann) | 9.07% | 12.15% |
| Sharpe Ratio | -0.44 | 1.30 |
| Daily Std Dev | 7.15% | 12.47% |
| Max Drawdown | -15.95% | -45.56% |
| Current Drawdown | -8.45% | -3.36% |
Correlation
The correlation between COM and GLD is 0.36, 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
COM vs. GLD - Performance Comparison
In the year-to-date period, COM achieves a 5.11% return, which is significantly lower than GLD's 11.83% 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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COM vs. GLD - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
COM vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) 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
COM vs. GLD - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 4.63%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 4.63% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
COM vs. GLD - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for COM and GLD. For additional features, visit the drawdowns tool.
Volatility
COM vs. GLD - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 2.83%, while SPDR Gold Trust (GLD) has a volatility of 5.31%. This indicates that COM 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.