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GLD vs. AAAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GLDAAAU
YTD Return7.61%7.64%
1Y Return12.70%12.94%
3Y Return (Ann)8.68%8.93%
5Y Return (Ann)11.03%11.26%
Sharpe Ratio1.031.05
Daily Std Dev11.84%11.78%
Max Drawdown-45.56%-21.63%
Current Drawdown0.00%0.00%

Correlation

0.99
-1.001.00

The correlation between GLD and AAAU is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

GLD vs. AAAU - Performance Comparison

The year-to-date returns for both investments are quite close, with GLD having a 7.61% return and AAAU slightly higher at 7.64%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


50.00%60.00%70.00%80.00%90.00%OctoberNovemberDecember2024FebruaryMarch
85.02%
87.31%
GLD
AAAU

Compare stocks, funds, or ETFs


SPDR Gold Trust

Goldman Sachs Physical Gold ETF

GLD vs. AAAU - Expense Ratio Comparison

GLD has a 0.40% expense ratio, which is higher than AAAU's 0.18% expense ratio.

GLD
SPDR Gold Trust
0.50%1.00%1.50%2.00%0.40%
0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

GLD vs. AAAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Trust (GLD) and Goldman Sachs Physical Gold ETF (AAAU). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
GLD
SPDR Gold Trust
1.03
AAAU
Goldman Sachs Physical Gold ETF
1.05

GLD vs. AAAU - Sharpe Ratio Comparison

The current GLD Sharpe Ratio is 1.03, which roughly equals the AAAU Sharpe Ratio of 1.05. The chart below compares the 12-month rolling Sharpe Ratio of GLD and AAAU.


Rolling 12-month Sharpe Ratio0.200.400.600.801.001.201.401.60OctoberNovemberDecember2024FebruaryMarch
1.03
1.05
GLD
AAAU

Dividends

GLD vs. AAAU - Dividend Comparison

Neither GLD nor AAAU has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

GLD vs. AAAU - Drawdown Comparison

The maximum GLD drawdown since its inception was -45.56%, which is greater than AAAU's maximum drawdown of -21.63%. The drawdown chart below compares losses from any high point along the way for GLD and AAAU


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
GLD
AAAU

Volatility

GLD vs. AAAU - Volatility Comparison

SPDR Gold Trust (GLD) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 3.43% and 3.40%, 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.


2.50%3.00%3.50%4.00%4.50%5.00%OctoberNovemberDecember2024FebruaryMarch
3.43%
3.40%
GLD
AAAU