GLD vs. GDX

In the year-to-date period, GLD achieves a 25.38% return, which is significantly lower than GDX's 43.94% return. Both investments have delivered pretty close results over the past 10 years, with GLD having a 10.14% annualized return and GDX not far ahead at 10.52%.

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GLD has a 0.40% expense ratio, which is lower than GDX's 0.53% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Trust (GLD) and VanEck Vectors Gold Miners ETF (GDX). 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.

The current GLD Sharpe Ratio is 1.98, which is higher than the GDX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of GLD and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

GLD has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.82%.

The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GLD and GDX. For additional features, visit the drawdowns tool.

The current volatility for SPDR Gold Trust (GLD) is 8.16%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 13.46%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.