GLD vs. BJ
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while BJ (BJ's Wholesale Club Holdings, Inc.) is a stock. Over the past 5 years, GLD returned 16.85%/yr vs 13.50%/yr for BJ. At a 0.01 correlation, their price movements are largely independent.
Performance
GLD vs. BJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLD achieves a -7.24% return, which is significantly lower than BJ's 4.31% return.
GLD
- 1D
- -0.22%
- 1M
- -5.04%
- 6M
- -12.74%
- YTD
- -7.24%
- 1Y
- 19.20%
- 3Y*
- 26.36%
- 5Y*
- 16.85%
- 10Y*
- 11.27%
- ALL TIME*
- 10.24%
BJ
- 1D
- 0.55%
- 1M
- 10.20%
- 6M
- 0.55%
- YTD
- 4.31%
- 1Y
- -10.31%
- 3Y*
- 12.99%
- 5Y*
- 13.50%
- 10Y*
- —
- ALL TIME*
- 20.24%
GLD vs. BJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -7.24% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | 2.25% |
BJ BJ's Wholesale Club Holdings, Inc. | 4.31% | 0.76% | 34.04% | 0.76% | -1.21% | 79.64% | 63.94% | 2.62% | 4.28% |
Correlation
The correlation between GLD and BJ is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLD vs. BJ — Risk / Return Rank
GLD
BJ
GLD vs. BJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and BJ's Wholesale Club Holdings, Inc. (BJ). 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 | BJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.97 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.44 | +1.17 |
| Martin ratioReturn relative to average drawdown | 1.71 | -0.70 | +2.41 |
Loading charts...
Drawdowns
GLD vs. BJ - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than BJ's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for GLD and BJ.
Loading charts...
Drawdown Indicators
| GLD | BJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -38.76% | -6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -26.40% | -23.79% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | -30.12% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -30.12% | +3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -26.40% | — | — |
Current DrawdownCurrent decline from peak | -25.87% | -21.70% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -12.65% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 14.69% | -3.41% |
Volatility
GLD vs. BJ - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 6.38%, while BJ's Wholesale Club Holdings, Inc. (BJ) has a volatility of 8.49%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than BJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLD | BJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 8.49% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 24.20% | 22.69% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 29.93% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 32.42% | -14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 37.06% | -20.95% |
Dividends
GLD vs. BJ - Dividend Comparison
Neither GLD nor BJ has paid dividends to shareholders.
Frequently Asked Questions
GLD and BJ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BJ has higher volatility (8.49%) compared to GLD (6.38%). In terms of maximum drawdown, GLD dropped -45.56% vs BJ's -38.76%.
GLD currently has the higher Sharpe Ratio (0.69 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GLD and BJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer