EDEN vs. GLD
EDEN (iShares MSCI Denmark ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, EDEN returned 9.32%/yr vs 11.25%/yr for GLD. At a 0.14 correlation, their price movements are largely independent. EDEN charges 0.53%/yr vs 0.40%/yr for GLD.
Performance
EDEN vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -3.46% return, which is significantly higher than GLD's -7.67% return. Over the past 10 years, EDEN has underperformed GLD with an annualized return of 9.32%, while GLD has yielded a comparatively higher 11.25% annualized return.
EDEN
- 1D
- -0.20%
- 1M
- -1.76%
- YTD
- -3.46%
- 6M
- -3.93%
- 1Y
- -0.63%
- 3Y*
- 3.19%
- 5Y*
- 2.15%
- 10Y*
- 9.32%
GLD
- 1D
- -3.02%
- 1M
- -11.58%
- YTD
- -7.67%
- 6M
- -11.17%
- 1Y
- 19.51%
- 3Y*
- 27.10%
- 5Y*
- 17.04%
- 10Y*
- 11.25%
EDEN vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -3.46% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
GLD SPDR Gold Shares | -7.67% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between EDEN and GLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.14 |
The correlation between EDEN and GLD shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDEN vs. GLD — Risk / Return Rank
EDEN
GLD
EDEN vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) 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.
| EDEN | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.75 | -0.78 |
| Martin ratioReturn relative to average drawdown | -0.06 | 2.12 | -2.18 |
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Drawdowns
EDEN vs. GLD - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for EDEN and GLD.
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Drawdown Indicators
| EDEN | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -45.56% | +8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -26.21% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -26.21% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -26.21% | -10.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -26.21% | -10.40% |
Current DrawdownCurrent decline from peak | -13.92% | -26.21% | +12.29% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -16.17% | +8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 9.24% | +0.57% |
Volatility
EDEN vs. GLD - Volatility Comparison
The current volatility for iShares MSCI Denmark ETF (EDEN) is 4.76%, while SPDR Gold Shares (GLD) has a volatility of 8.58%. This indicates that EDEN 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.
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Volatility by Period
| EDEN | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 8.58% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 24.57% | -8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 27.75% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 18.30% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 16.07% | +3.16% |
EDEN vs. GLD - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
EDEN vs. GLD - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 3.17%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 3.17% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDEN and GLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (8.58%) compared to EDEN (4.76%). In terms of maximum drawdown, EDEN dropped -36.61% vs GLD's -45.56%.
On 10-year performance, GLD leads with 11.25% vs 9.32% for EDEN. On fees, GLD is cheaper at 0.40% per year. On volatility, EDEN has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 11.25% return vs 9.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 0.53% for EDEN.
EDEN has the higher dividend yield at 3.17%, compared with 0.00% for GLD.
EDEN is categorized as Europe Equities, while GLD is Gold. EDEN tracks MSCI Denmark IMI 25/50 Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.53% for EDEN and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (0.71 vs -0.03), 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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