GLD vs. GDXJ
Compare and contrast key facts about SPDR Gold Trust (GLD) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GLD and GDXJ 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 Gold Bullion. It was launched on Nov 18, 2004. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. Both GLD and GDXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLD or GDXJ.
Key characteristics
GLD | GDXJ | |
---|---|---|
YTD Return | 6.24% | -0.05% |
1Y Return | 10.72% | -2.76% |
3Y Return (Ann) | 7.79% | -5.24% |
5Y Return (Ann) | 10.76% | 4.69% |
10Y Return (Ann) | 5.02% | 1.40% |
Sharpe Ratio | 0.99 | 0.02 |
Daily Std Dev | 11.80% | 33.15% |
Max Drawdown | -45.56% | -88.66% |
Current Drawdown | 0.00% | -71.99% |
Correlation
The correlation between GLD and GDXJ is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLD vs. GDXJ - Performance Comparison
In the year-to-date period, GLD achieves a 6.24% return, which is significantly higher than GDXJ's -0.05% return. Over the past 10 years, GLD has outperformed GDXJ with an annualized return of 5.02%, while GDXJ has yielded a comparatively lower 1.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
GLD vs. GDXJ - Expense Ratio Comparison
Risk-Adjusted Performance
GLD vs. GDXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Trust (GLD) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
SPDR Gold Trust | 0.99 | ||||
VanEck Vectors Junior Gold Miners ETF | 0.02 |
Dividends
GLD vs. GDXJ - Dividend Comparison
GLD has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 0.72%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|
SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VanEck Vectors Junior Gold Miners ETF | 0.72% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% |
Drawdowns
GLD vs. GDXJ - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GDXJ drawdown of -88.66%. The drawdown chart below compares losses from any high point along the way for GLD and GDXJ
Volatility
GLD vs. GDXJ - Volatility Comparison
The current volatility for SPDR Gold Trust (GLD) is 3.31%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 9.96%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.