DECK vs. GLD
DECK (Deckers Outdoor Corporation) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, DECK returned 28.83%/yr vs 12.15%/yr for GLD. At a 0.02 correlation, their price movements are largely independent.
Performance
DECK vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, DECK achieves a 9.80% return, which is significantly higher than GLD's -2.47% return. Over the past 10 years, DECK has outperformed GLD with an annualized return of 28.83%, while GLD has yielded a comparatively lower 12.15% annualized return.
DECK
- 1D
- -0.47%
- 1M
- 21.67%
- YTD
- 9.80%
- 6M
- 12.50%
- 1Y
- 12.17%
- 3Y*
- 11.65%
- 5Y*
- 15.35%
- 10Y*
- 28.83%
GLD
- 1D
- 0.06%
- 1M
- -7.37%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
DECK vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DECK Deckers Outdoor Corporation | 9.80% | -48.95% | 82.30% | 67.46% | 8.97% | 27.73% | 69.83% | 31.97% | 59.44% | 44.88% |
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between DECK and GLD is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.02 |
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Return for Risk
DECK vs. GLD — Risk / Return Rank
DECK
GLD
DECK vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deckers Outdoor Corporation (DECK) 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.
| DECK | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.98 | -0.82 |
| Martin ratioReturn relative to average drawdown | 0.34 | 2.81 | -2.47 |
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Drawdowns
DECK vs. GLD - Drawdown Comparison
The maximum DECK drawdown since its inception was -94.36%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for DECK and GLD.
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Drawdown Indicators
| DECK | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -45.56% | -48.80% |
Max Drawdown (1Y)Largest decline over 1 year | -35.81% | -24.46% | -11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -64.35% | -24.46% | -39.89% |
Max Drawdown (5Y)Largest decline over 5 years | -64.35% | -24.46% | -39.89% |
Max Drawdown (10Y)Largest decline over 10 years | -64.35% | -24.46% | -39.89% |
Current DrawdownCurrent decline from peak | -48.98% | -22.05% | -26.93% |
Average DrawdownAverage peak-to-trough decline | -40.35% | -16.16% | -24.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.87% | 8.49% | +8.38% |
Volatility
DECK vs. GLD - Volatility Comparison
Deckers Outdoor Corporation (DECK) has a higher volatility of 10.35% compared to SPDR Gold Shares (GLD) at 7.79%. This indicates that DECK'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
| DECK | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 7.79% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 31.08% | 24.10% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.42% | 27.37% | +18.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.98% | 18.22% | +25.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.47% | 16.08% | +26.39% |
Dividends
DECK vs. GLD - Dividend Comparison
Neither DECK nor GLD has paid dividends to shareholders.
Frequently Asked Questions
DECK and GLD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DECK has higher volatility (10.35%) compared to GLD (7.79%). In terms of maximum drawdown, DECK dropped -94.36% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.87 vs 0.13), 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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