GLD vs. BKNG
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while BKNG (Booking Holdings Inc.) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs 12.44%/yr for BKNG. At a 0.02 correlation, their price movements are largely independent.
Performance
GLD vs. BKNG - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly higher than BKNG's -22.63% return. Both investments have delivered pretty close results over the past 10 years, with GLD having a 12.15% annualized return and BKNG not far ahead at 12.44%.
GLD
- 1D
- 0.06%
- 1M
- -10.21%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 23.81%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
BKNG
- 1D
- 0.83%
- 1M
- 6.66%
- YTD
- -22.63%
- 6M
- -21.85%
- 1Y
- -23.87%
- 3Y*
- 17.23%
- 5Y*
- 12.82%
- 10Y*
- 12.44%
GLD vs. BKNG - 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% |
BKNG Booking Holdings Inc. | -22.63% | 8.59% | 41.31% | 76.02% | -16.00% | 7.72% | 8.45% | 19.24% | -0.88% | 18.53% |
Correlation
The correlation between GLD and BKNG is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.02 |
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Return for Risk
GLD vs. BKNG — Risk / Return Rank
GLD
BKNG
GLD vs. BKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Booking Holdings Inc. (BKNG). 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 | BKNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.89 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.72 | +1.70 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.36 | +4.17 |
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Drawdowns
GLD vs. BKNG - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum BKNG drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for GLD and BKNG.
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Drawdown Indicators
| GLD | BKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -99.32% | +53.76% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -33.35% | +8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -33.35% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -39.53% | +15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -47.77% | +23.31% |
Current DrawdownCurrent decline from peak | -22.05% | -28.50% | +6.45% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -47.05% | +30.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 17.53% | -9.04% |
Volatility
GLD vs. BKNG - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 7.79% compared to Booking Holdings Inc. (BKNG) at 6.54%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than BKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | BKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 6.54% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 26.83% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 31.94% | -4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 32.26% | -14.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 32.45% | -16.37% |
Dividends
GLD vs. BKNG - Dividend Comparison
GLD has not paid dividends to shareholders, while BKNG's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BKNG Booking Holdings Inc. | 0.97% | 0.72% | 0.70% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLD and BKNG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (7.79%) compared to BKNG (6.54%). In terms of maximum drawdown, GLD dropped -45.56% vs BKNG's -99.32%.
GLD currently has the higher Sharpe Ratio (0.87 vs -0.75), 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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