ENI.MI vs. GLD
ENI.MI (Eni S.p.A.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, ENI.MI returned 12.61%/yr vs 11.80%/yr for GLD. At a 0.00 correlation, their price movements are largely independent.
Performance
ENI.MI vs. GLD - Performance Comparison
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Different Trading Currencies
ENI.MI is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENI.MI achieves a 47.16% return, which is significantly higher than GLD's -0.96% return. Over the past 10 years, ENI.MI has outperformed GLD with an annualized return of 12.61%, while GLD has yielded a comparatively lower 11.80% annualized return.
ENI.MI
- 1D
- -2.27%
- 1M
- -0.38%
- YTD
- 47.16%
- 6M
- 49.00%
- 1Y
- 75.52%
- 3Y*
- 29.49%
- 5Y*
- 25.09%
- 10Y*
- 12.61%
GLD
- 1D
- 0.14%
- 1M
- -8.72%
- YTD
- -0.96%
- 6M
- -0.80%
- 1Y
- 22.03%
- 3Y*
- 25.93%
- 5Y*
- 18.15%
- 10Y*
- 11.80%
ENI.MI vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENI.MI Eni S.p.A. | 47.16% | 32.29% | -8.74% | 23.38% | 16.23% | 52.33% | -33.91% | 6.74% | 4.80% | -5.53% |
GLD SPDR Gold Shares | -0.96% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Correlation
The correlation between ENI.MI and GLD is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007 | 0.00 |
The correlation between ENI.MI and GLD shifts across timeframes, from 0.00 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENI.MI vs. GLD — Risk / Return Rank
ENI.MI
GLD
ENI.MI vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (ENI.MI) 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.
| ENI.MI | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.20 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 6.15 | 1.07 | +5.08 |
| Martin ratioReturn relative to average drawdown | 24.16 | 3.09 | +21.06 |
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Drawdowns
ENI.MI vs. GLD - Drawdown Comparison
The maximum ENI.MI drawdown since its inception was -59.75%, which is greater than GLD's maximum drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for ENI.MI and GLD.
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Drawdown Indicators
| ENI.MI | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.75% | -37.47% | -22.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -22.53% | +9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -22.53% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -22.53% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -59.75% | -22.53% | -37.22% |
Current DrawdownCurrent decline from peak | -5.63% | -20.28% | +14.65% |
Average DrawdownAverage peak-to-trough decline | -16.90% | -12.19% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 7.79% | -4.59% |
Volatility
ENI.MI vs. GLD - Volatility Comparison
Eni S.p.A. (ENI.MI) and SPDR Gold Shares (GLD) have volatilities of 7.00% and 6.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENI.MI | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 6.93% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 22.61% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.18% | 25.86% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 16.91% | +6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.35% | 15.02% | +11.33% |
Dividends
ENI.MI vs. GLD - Dividend Comparison
ENI.MI's dividend yield for the trailing twelve months is around 4.52%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENI.MI Eni S.p.A. | 4.52% | 6.32% | 7.41% | 5.93% | 6.55% | 5.48% | 6.43% | 6.06% | 5.96% | 5.80% | 5.17% | 6.96% |
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
ENI.MI and GLD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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