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GLD vs. GDXJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GLDGDXJ
YTD Return6.24%-0.05%
1Y Return10.72%-2.76%
3Y Return (Ann)7.79%-5.24%
5Y Return (Ann)10.76%4.69%
10Y Return (Ann)5.02%1.40%
Sharpe Ratio0.990.02
Daily Std Dev11.80%33.15%
Max Drawdown-45.56%-88.66%
Current Drawdown0.00%-71.99%

Correlation

0.75
-1.001.00

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.


-50.00%0.00%50.00%100.00%OctoberNovemberDecember2024FebruaryMarch
85.31%
-49.76%
GLD
GDXJ

Compare stocks, funds, or ETFs


SPDR Gold Trust

VanEck Vectors Junior Gold Miners ETF

GLD vs. GDXJ - Expense Ratio Comparison

GLD has a 0.40% expense ratio, which is lower than GDXJ's 0.54% expense ratio.

GDXJ
VanEck Vectors Junior Gold Miners ETF
0.50%1.00%1.50%2.00%0.54%
0.50%1.00%1.50%2.00%0.40%

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
GLD
SPDR Gold Trust
0.99
GDXJ
VanEck Vectors Junior Gold Miners ETF
0.02

GLD vs. GDXJ - Sharpe Ratio Comparison

The current GLD Sharpe Ratio is 0.99, which is higher than the GDXJ Sharpe Ratio of 0.02. The chart below compares the 12-month rolling Sharpe Ratio of GLD and GDXJ.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50OctoberNovemberDecember2024FebruaryMarch
0.99
0.02
GLD
GDXJ

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%.


TTM2023202220212020201920182017201620152014
GLD
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%
GDXJ
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


-80.00%-60.00%-40.00%-20.00%0.00%OctoberNovemberDecember2024FebruaryMarch0
-71.99%
GLD
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.


2.00%4.00%6.00%8.00%10.00%12.00%OctoberNovemberDecember2024FebruaryMarch
3.31%
9.96%
GLD
GDXJ