GLD vs. 1CS.MI

Last updated Jun 14, 2026

GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while 1CS.MI (AXA SA) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs 13.41%/yr for 1CS.MI. At a 0.08 correlation, their price movements are largely independent.

Performance

GLD vs. 1CS.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold Shares (GLD) and AXA SA (1CS.MI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLD is traded in USD, while 1CS.MI is traded in EUR. To make them comparable, the 1CS.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLD achieves a -2.47% return, which is significantly lower than 1CS.MI's -0.20% return. Over the past 10 years, GLD has underperformed 1CS.MI with an annualized return of 12.15%, while 1CS.MI has yielded a comparatively higher 13.41% annualized return.

GLD

• 1D: 0.06%
• 1M: -9.52%
• YTD: -2.47%
• 6M: -2.25%
• 1Y: 22.21%
• 3Y*: 28.89%
• 5Y*: 17.08%
• 10Y*: 12.15%

1CS.MI

• 1D: 0.57%
• 1M: -1.18%
• YTD: -0.20%
• 6M: 1.74%
• 1Y: 0.70%
• 3Y*: 23.05%
• 5Y*: 17.13%
• 10Y*: 13.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLD vs. 1CS.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLD SPDR Gold Shares	-2.47%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%
1CS.MI AXA SA	-0.20%	43.45%	16.04%	22.75%	0.59%	31.05%	-2.29%	39.46%	-23.86%	23.74%

Correlation

The correlation between GLD and 1CS.MI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007	0.08

The correlation between GLD and 1CS.MI shifts across timeframes, from 0.08 (10 years) to 0.20 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GLD vs. 1CS.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

1CS.MI

1CS.MI Risk / Return Rank: 35
1CS.MI Sharpe Ratio Rank: 38
1CS.MI Sortino Ratio Rank: 32
1CS.MI Omega Ratio Rank: 33
1CS.MI Calmar Ratio Rank: 37
1CS.MI Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLD vs. 1CS.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and AXA SA (1CS.MI). 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.

	GLD	1CS.MI	Difference
Sharpe ratio: Return per unit of total volatility	0.87	-0.00	+0.88
Sortino ratio: Return per unit of downside risk	1.24	0.18	+1.06
Omega ratio: Gain probability vs. loss probability	1.18	1.03	+0.16
Calmar ratio: Return relative to maximum drawdown	0.98	-0.01	+0.99
Martin ratio: Return relative to average drawdown	2.81	-0.02	+2.83

GLD vs. 1CS.MI - Sharpe Ratio Comparison

The current GLD Sharpe Ratio is 0.87, which is higher than the 1CS.MI Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of GLD and 1CS.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLD vs. 1CS.MI - Drawdown Comparison

The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum 1CS.MI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for GLD and 1CS.MI.

Drawdown Indicators

	GLD	1CS.MI	Difference
Max Drawdown Largest peak-to-trough decline	-45.56%	-82.88%	+37.32%
Max Drawdown (1Y) Largest decline over 1 year	-24.46%	-14.08%	-10.38%
Max Drawdown (3Y) Largest decline over 3 years	-24.46%	-16.43%	-8.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.46%	-32.77%	+8.31%
Max Drawdown (10Y) Largest decline over 10 years	-24.46%	-55.61%	+31.15%
Current Drawdown Current decline from peak	-22.05%	-4.06%	-17.99%
Average Drawdown Average peak-to-trough decline	-16.16%	-25.07%	+8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.49%	7.52%	+0.97%

Volatility

GLD vs. 1CS.MI - Volatility Comparison

SPDR Gold Shares (GLD) has a higher volatility of 7.79% compared to AXA SA (1CS.MI) at 6.08%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than 1CS.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLD	1CS.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	6.08%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	24.10%	20.44%	+3.66%
Volatility (1Y) Calculated over the trailing 1-year period	27.37%	26.45%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	26.46%	-8.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	28.99%	-12.91%

Dividends

GLD vs. 1CS.MI - Dividend Comparison

GLD has not paid dividends to shareholders, while 1CS.MI's dividend yield for the trailing twelve months is around 5.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1CS.MI AXA SA	5.91%	5.22%	5.80%	5.77%	5.85%	5.43%	10.97%	5.32%	6.72%	4.68%	4.60%	3.74%
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

Can I hold both GLD and 1CS.MI in my portfolio?

GLD and 1CS.MI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.