CPI vs. GLD
Compare and contrast key facts about IQ Real Return ETF (CPI) and SPDR Gold Trust (GLD).
CPI and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPI is a passively managed fund by New York Life that tracks the performance of the IQ Real Return Index. It was launched on Oct 27, 2009. 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 CPI 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: CPI or GLD.
Correlation
The correlation between CPI and GLD is 0.19, 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
CPI vs. GLD - Performance Comparison
Key characteristics
Returns By Period
CPI
N/A
N/A
N/A
N/A
N/A
N/A
GLD
11.92%
7.06%
18.15%
44.54%
11.90%
8.93%
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CPI vs. GLD - Expense Ratio Comparison
CPI has a 0.38% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
CPI vs. GLD — Risk-Adjusted Performance Rank
CPI
GLD
CPI vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Real Return ETF (CPI) 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
CPI vs. GLD - Dividend Comparison
Neither CPI nor GLD has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPI IQ Real Return ETF | 0.00% | 0.00% | 2.49% | 3.36% | 0.38% | 0.99% | 2.13% | 1.31% | 1.07% | 0.00% | 0.00% | 0.01% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CPI vs. GLD - Drawdown Comparison
Volatility
CPI vs. GLD - Volatility Comparison
The current volatility for IQ Real Return ETF (CPI) is 0.00%, while SPDR Gold Trust (GLD) has a volatility of 3.74%. This indicates that CPI 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.