GII vs. GLD
Compare and contrast key facts about SPDR S&P Global Infrastructure ETF (GII) and SPDR Gold Shares (GLD).
GII and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GII is a passively managed fund by State Street that tracks the performance of the S&P Global Infrastructure. It was launched on Jan 25, 2007. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both GII 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.
Performance
GII vs. GLD - Performance Comparison
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GII vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GII SPDR S&P Global Infrastructure ETF | 8.96% | 21.79% | 14.30% | 5.90% | -0.54% | 11.39% | -6.81% | 26.32% | -10.08% | 19.07% |
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Returns By Period
The year-to-date returns for both stocks are quite close, with GII having a 8.96% return and GLD slightly lower at 8.57%. Over the past 10 years, GII has underperformed GLD with an annualized return of 8.95%, while GLD has yielded a comparatively higher 13.92% annualized return.
GII
- 1D
- 0.69%
- 1M
- -3.47%
- YTD
- 8.96%
- 6M
- 11.19%
- 1Y
- 26.64%
- 3Y*
- 15.62%
- 5Y*
- 11.34%
- 10Y*
- 8.95%
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
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GII vs. GLD - Expense Ratio Comparison
Both GII and GLD have an expense ratio of 0.40%.
Return for Risk
GII vs. GLD — Risk / Return Rank
GII
GLD
GII vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Infrastructure ETF (GII) 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.
| GII | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.79 | +0.24 |
Sortino ratioReturn per unit of downside risk | 2.66 | 2.21 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.68 | +0.41 |
Martin ratioReturn relative to average drawdown | 15.68 | 9.90 | +5.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GII | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.79 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.22 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.88 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.62 | -0.33 |
Correlation
The correlation between GII 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.
Dividends
GII vs. GLD - Dividend Comparison
GII's dividend yield for the trailing twelve months is around 2.91%, while GLD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GII SPDR S&P Global Infrastructure ETF | 2.91% | 3.17% | 3.23% | 3.70% | 3.07% | 2.37% | 2.66% | 3.39% | 3.31% | 3.38% | 3.11% | 3.54% |
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% |
Drawdowns
GII vs. GLD - Drawdown Comparison
The maximum GII drawdown since its inception was -50.98%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GII and GLD.
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Drawdown Indicators
| GII | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.98% | -45.56% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -19.21% | +10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -21.03% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -22.00% | -20.84% |
Current DrawdownCurrent decline from peak | -3.47% | -13.23% | +9.76% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -16.17% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 5.20% | -3.47% |
Volatility
GII vs. GLD - Volatility Comparison
The current volatility for SPDR S&P Global Infrastructure ETF (GII) is 4.56%, while SPDR Gold Shares (GLD) has a volatility of 11.06%. This indicates that GII 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
| GII | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 11.06% | -6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 24.30% | -16.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 27.80% | -14.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 17.74% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.15% | 15.87% | +1.28% |