CRM vs. GLD
CRM (Salesforce, Inc.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, CRM returned 7.91%/yr vs 11.27%/yr for GLD. At a 0.02 correlation, their price movements are largely independent.
Performance
CRM vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, CRM achieves a -34.06% return, which is significantly lower than GLD's -7.24% return. Over the past 10 years, CRM has underperformed GLD with an annualized return of 7.91%, while GLD has yielded a comparatively higher 11.27% annualized return.
CRM
- 1D
- 1.77%
- 1M
- 14.50%
- 6M
- -23.09%
- YTD
- -34.06%
- 1Y
- -33.20%
- 3Y*
- -8.14%
- 5Y*
- -6.09%
- 10Y*
- 7.91%
- ALL TIME*
- 19.07%
GLD
- 1D
- -0.22%
- 1M
- -5.04%
- 6M
- -12.74%
- YTD
- -7.24%
- 1Y
- 19.20%
- 3Y*
- 26.36%
- 5Y*
- 16.85%
- 10Y*
- 11.27%
- ALL TIME*
- 10.24%
CRM vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRM Salesforce, Inc. | -34.06% | -20.25% | 27.76% | 98.46% | -47.83% | 14.20% | 36.82% | 18.74% | 33.98% | 49.33% |
GLD SPDR Gold Shares | -7.24% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between CRM and GLD is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.02 |
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Return for Risk
CRM vs. GLD — Risk / Return Rank
CRM
GLD
CRM vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salesforce, Inc. (CRM) 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.
| CRM | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.73 | -1.49 |
| Martin ratioReturn relative to average drawdown | -1.41 | 1.71 | -3.12 |
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Drawdowns
CRM vs. GLD - Drawdown Comparison
The maximum CRM drawdown since its inception was -70.50%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CRM and GLD.
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Drawdown Indicators
| CRM | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -45.56% | -24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | -26.40% | -17.58% |
Max Drawdown (3Y)Largest decline over 3 years | -58.67% | -26.40% | -32.27% |
Max Drawdown (5Y)Largest decline over 5 years | -58.67% | -26.40% | -32.27% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -26.40% | -32.27% |
Current DrawdownCurrent decline from peak | -52.15% | -25.87% | -26.28% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -16.19% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.57% | 11.28% | +12.29% |
Volatility
CRM vs. GLD - Volatility Comparison
Salesforce, Inc. (CRM) has a higher volatility of 10.92% compared to SPDR Gold Shares (GLD) at 6.38%. This indicates that CRM'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
| CRM | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 6.38% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 32.26% | 24.20% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.41% | 28.06% | +11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.42% | 18.42% | +19.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.52% | 16.11% | +19.41% |
Dividends
CRM vs. GLD - Dividend Comparison
CRM's dividend yield for the trailing twelve months is around 0.99%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CRM Salesforce, Inc. | 0.99% | 0.63% | 0.48% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRM and GLD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRM has higher volatility (10.92%) compared to GLD (6.38%). In terms of maximum drawdown, CRM dropped -70.50% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.69 vs -0.85), 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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