GLD vs. GENL.L
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while GENL.L (Genel Energy plc) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs -6.06%/yr for GENL.L. At a 0.09 correlation, their price movements are largely independent.
Performance
GLD vs. GENL.L - Performance Comparison
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Different Trading Currencies
GLD is traded in USD, while GENL.L is traded in GBp. To make them comparable, the GENL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly higher than GENL.L's -9.99% return. Over the past 10 years, GLD has outperformed GENL.L with an annualized return of 12.15%, while GENL.L has yielded a comparatively lower -6.06% 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%
GENL.L
- 1D
- -0.90%
- 1M
- 6.09%
- YTD
- -9.99%
- 6M
- -6.23%
- 1Y
- -1.22%
- 3Y*
- -20.70%
- 5Y*
- -17.46%
- 10Y*
- -6.06%
GLD vs. GENL.L - 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% |
GENL.L Genel Energy plc | -9.99% | -3.05% | -15.38% | -31.01% | -8.36% | -5.79% | -15.19% | 16.22% | 55.32% | 43.91% |
Correlation
The correlation between GLD and GENL.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.09 |
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Return for Risk
GLD vs. GENL.L — Risk / Return Rank
GLD
GENL.L
GLD vs. GENL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Genel Energy plc (GENL.L). 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 | GENL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.02 | +0.95 |
| Martin ratioReturn relative to average drawdown | 2.81 | 0.04 | +2.77 |
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Drawdowns
GLD vs. GENL.L - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GENL.L drawdown of -96.39%. Use the drawdown chart below to compare losses from any high point for GLD and GENL.L.
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Drawdown Indicators
| GLD | GENL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -96.39% | +50.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -34.80% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -54.31% | +29.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -71.01% | +46.55% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -83.09% | +58.63% |
Current DrawdownCurrent decline from peak | -22.05% | -94.68% | +72.63% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -71.76% | +55.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 21.97% | -13.48% |
Volatility
GLD vs. GENL.L - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 7.79%, while Genel Energy plc (GENL.L) has a volatility of 11.46%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GENL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | GENL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 11.46% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 27.68% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 50.88% | -23.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 49.02% | -30.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 56.81% | -40.73% |
Dividends
GLD vs. GENL.L - Dividend Comparison
Neither GLD nor GENL.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GENL.L Genel Energy plc | 0.00% | 0.00% | 0.00% | 10.12% | 9.35% | 6.42% | 6.55% | 4.77% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLD and GENL.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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