GLD vs. DIA
Compare and contrast key facts about SPDR Gold Shares (GLD) and SPDR Dow Jones Industrial Average ETF (DIA).
GLD and DIA 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 LBMA Gold Price PM. It was launched on Nov 18, 2004. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both GLD and DIA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLD vs. DIA - Performance Comparison
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GLD vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
DIA SPDR Dow Jones Industrial Average ETF | -3.25% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
Returns By Period
In the year-to-date period, GLD achieves a 8.57% return, which is significantly higher than DIA's -3.25% return. Over the past 10 years, GLD has outperformed DIA with an annualized return of 13.92%, while DIA has yielded a comparatively lower 12.22% annualized return.
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
DIA
- 1D
- 2.46%
- 1M
- -5.20%
- YTD
- -3.25%
- 6M
- 0.64%
- 1Y
- 12.04%
- 3Y*
- 13.58%
- 5Y*
- 8.82%
- 10Y*
- 12.22%
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GLD vs. DIA - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is higher than DIA's 0.16% expense ratio.
Return for Risk
GLD vs. DIA — Risk / Return Rank
GLD
DIA
GLD vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and SPDR Dow Jones Industrial Average ETF (DIA). 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.
| GLD | DIA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.72 | +1.07 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.14 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 1.22 | +1.46 |
Martin ratioReturn relative to average drawdown | 9.90 | 4.51 | +5.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLD | DIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.72 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.60 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.70 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.47 | +0.15 |
Correlation
The correlation between GLD and DIA is 0.04, 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.
Dividends
GLD vs. DIA - Dividend Comparison
GLD has not paid dividends to shareholders, while DIA's dividend yield for the trailing twelve months is around 1.52%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DIA SPDR Dow Jones Industrial Average ETF | 1.52% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
Drawdowns
GLD vs. DIA - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for GLD and DIA.
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Drawdown Indicators
| GLD | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -51.87% | +6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.21% | -10.79% | -8.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | -20.76% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | -36.70% | +14.70% |
Current DrawdownCurrent decline from peak | -13.23% | -7.40% | -5.83% |
Average DrawdownAverage peak-to-trough decline | -16.17% | -7.18% | -8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 2.92% | +2.28% |
Volatility
GLD vs. DIA - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 11.06% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 4.92%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.06% | 4.92% | +6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 24.30% | 9.23% | +15.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.80% | 16.84% | +10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 14.73% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 17.51% | -1.64% |