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 17.08%/yr vs 13.81%/yr for BJ. At a 0.02 correlation, their price movements are largely independent.
Performance
GLD vs. BJ - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly lower than BJ's 1.12% return.
GLD
- 1D
- 0.06%
- 1M
- -7.37%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
BJ
- 1D
- 0.12%
- 1M
- -5.52%
- YTD
- 1.12%
- 6M
- -2.28%
- 1Y
- -17.70%
- 3Y*
- 13.85%
- 5Y*
- 13.81%
- 10Y*
- —
GLD vs. BJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | 2.25% |
BJ BJ's Wholesale Club Holdings, Inc. | 1.12% | 0.76% | 34.04% | 0.76% | -1.21% | 79.64% | 63.94% | 2.62% | 4.28% |
Correlation
The correlation between GLD and BJ is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.02 |
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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 | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.92 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.64 | +1.62 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.02 | +3.83 |
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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.
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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 | -24.46% | -26.66% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -29.80% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -29.80% | +5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -22.05% | -24.10% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -12.49% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 16.75% | -8.26% |
Volatility
GLD vs. BJ - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 7.79%, while BJ's Wholesale Club Holdings, Inc. (BJ) has a volatility of 11.68%. 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.
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Volatility by Period
| GLD | BJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 11.68% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 22.77% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 29.80% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 32.31% | -14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 37.15% | -21.07% |
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 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BJ has higher volatility (11.68%) compared to GLD (7.79%). In terms of maximum drawdown, GLD dropped -45.56% vs BJ's -38.76%.
GLD currently has the higher Sharpe Ratio (0.87 vs -0.57), 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.
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