Correlation
The correlation between GLD and AAAU is 0.06, 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.
GLD vs. AAAU
Compare and contrast key facts about SPDR Gold Trust (GLD) and Goldman Sachs Physical Gold ETF (AAAU).
GLD and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both GLD and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLD or AAAU.
Performance
GLD vs. AAAU - Performance Comparison
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Key characteristics
GLD:
2.47
AAAU:
2.50
GLD:
2.85
AAAU:
2.90
GLD:
1.36
AAAU:
1.37
GLD:
4.70
AAAU:
4.73
GLD:
12.79
AAAU:
12.91
GLD:
2.98%
AAAU:
2.97%
GLD:
17.94%
AAAU:
17.79%
GLD:
-45.56%
AAAU:
-21.63%
GLD:
-1.85%
AAAU:
-1.86%
Returns By Period
The year-to-date returns for both investments are quite close, with GLD having a 27.93% return and AAAU slightly higher at 27.99%.
GLD
27.93%
1.65%
27.74%
43.46%
21.17%
13.67%
10.52%
AAAU
27.99%
1.67%
27.85%
43.67%
21.42%
13.92%
N/A
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GLD vs. AAAU - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Risk-Adjusted Performance
GLD vs. AAAU — Risk-Adjusted Performance Rank
GLD
AAAU
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.
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Dividends
GLD vs. AAAU - Dividend Comparison
Neither GLD nor AAAU has paid dividends to shareholders.
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%. Use the drawdown chart below to compare losses from any high point for GLD and AAAU.
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Volatility
GLD vs. AAAU - Volatility Comparison
SPDR Gold Trust (GLD) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 7.95% and 7.89%, 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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