GLD vs. D

Last updated Jun 14, 2026

GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while D (Dominion Energy, Inc.) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs 3.57%/yr for D. At a 0.10 correlation, their price movements are largely independent.

Performance

GLD vs. D - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold Shares (GLD) and Dominion Energy, Inc. (D). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLD achieves a -2.47% return, which is significantly lower than D's 18.31% return. Over the past 10 years, GLD has outperformed D with an annualized return of 12.15%, while D has yielded a comparatively lower 3.57% annualized 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%

D

• 1D: 1.83%
• 1M: 11.11%
• YTD: 18.31%
• 6M: 16.84%
• 1Y: 27.74%
• 3Y*: 14.43%
• 5Y*: 1.88%
• 10Y*: 3.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLD vs. D - 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%
D Dominion Energy, Inc.	18.31%	13.96%	20.43%	-19.13%	-19.12%	8.12%	-5.35%	21.50%	-7.59%	9.91%

Correlation

The correlation between GLD and D is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004	0.10

Return for Risk

GLD vs. D — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

D

D Risk / Return Rank: 79
D Sharpe Ratio Rank: 80
D Sortino Ratio Rank: 77
D Omega Ratio Rank: 75
D Calmar Ratio Rank: 82
D Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLD vs. D - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Dominion Energy, Inc. (D). 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	D	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.29	-0.41
Sortino ratio: Return per unit of downside risk	1.24	1.99	-0.75
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	0.98	2.76	-1.78
Martin ratio: Return relative to average drawdown	2.81	7.51	-4.70

GLD vs. D - Sharpe Ratio Comparison

The current GLD Sharpe Ratio is 0.87, which is lower than the D Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of GLD and D, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLD vs. D - Drawdown Comparison

The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum D drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for GLD and D.

Drawdown Indicators

	GLD	D	Difference
Max Drawdown Largest peak-to-trough decline	-45.56%	-52.20%	+6.64%
Max Drawdown (1Y) Largest decline over 1 year	-24.46%	-9.77%	-14.69%
Max Drawdown (3Y) Largest decline over 3 years	-24.46%	-26.41%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-24.46%	-52.20%	+27.74%
Max Drawdown (10Y) Largest decline over 10 years	-24.46%	-52.20%	+27.74%
Current Drawdown Current decline from peak	-22.05%	-6.38%	-15.67%
Average Drawdown Average peak-to-trough decline	-16.16%	-9.58%	-6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.49%	3.59%	+4.90%

Volatility

GLD vs. D - Volatility Comparison

The current volatility for SPDR Gold Shares (GLD) is 7.79%, while Dominion Energy, Inc. (D) has a volatility of 11.23%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than D based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLD	D	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	11.23%	-3.44%
Volatility (6M) Calculated over the trailing 6-month period	24.10%	16.72%	+7.38%
Volatility (1Y) Calculated over the trailing 1-year period	27.37%	20.96%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	22.85%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	23.73%	-7.65%

Dividends

GLD vs. D - Dividend Comparison

GLD has not paid dividends to shareholders, while D's dividend yield for the trailing twelve months is around 3.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D Dominion Energy, Inc.	3.93%	4.56%	4.96%	5.68%	4.35%	3.21%	4.59%	4.43%	4.67%	3.74%	3.66%	3.83%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLD and D in my portfolio?

GLD and D have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLD or D?

D has higher volatility (11.23%) compared to GLD (7.79%). In terms of maximum drawdown, GLD dropped -45.56% vs D's -52.20%.

Which has better risk-adjusted returns?

D currently has the higher Sharpe Ratio (1.29 vs 0.87), 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.