GLD vs. GLOB
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while GLOB (Globant S.A.) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs -0.56%/yr for GLOB. At a 0.02 correlation, their price movements are largely independent.
Performance
GLD vs. GLOB - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly higher than GLOB's -42.65% return. Over the past 10 years, GLD has outperformed GLOB with an annualized return of 12.15%, while GLOB has yielded a comparatively lower -0.56% annualized return.
GLD
- 1D
- 0.06%
- 1M
- -9.52%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
GLOB
- 1D
- 2.94%
- 1M
- -3.65%
- YTD
- -42.65%
- 6M
- -44.62%
- 1Y
- -60.13%
- 3Y*
- -41.52%
- 5Y*
- -29.68%
- 10Y*
- -0.56%
GLD vs. GLOB - 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% |
GLOB Globant S.A. | -42.65% | -69.51% | -9.90% | 41.52% | -46.46% | 44.34% | 105.20% | 88.30% | 21.22% | 39.31% |
Correlation
The correlation between GLD and GLOB is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2014 | 0.02 |
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Return for Risk
GLD vs. GLOB — Risk / Return Rank
GLD
GLOB
GLD vs. GLOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Globant S.A. (GLOB). 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 | GLOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.78 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.94 | +1.92 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.55 | +4.36 |
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Drawdowns
GLD vs. GLOB - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GLOB drawdown of -90.76%. Use the drawdown chart below to compare losses from any high point for GLD and GLOB.
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Drawdown Indicators
| GLD | GLOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -90.76% | +45.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -65.82% | +41.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -86.88% | +62.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -90.76% | +66.30% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -90.76% | +66.30% |
Current DrawdownCurrent decline from peak | -22.05% | -89.42% | +67.37% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -26.21% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 41.21% | -32.72% |
Volatility
GLD vs. GLOB - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 7.79%, while Globant S.A. (GLOB) has a volatility of 21.18%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GLOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | GLOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 21.18% | -13.39% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 43.96% | -19.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 55.03% | -27.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 51.29% | -33.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 47.53% | -31.45% |
Dividends
GLD vs. GLOB - Dividend Comparison
Neither GLD nor GLOB has paid dividends to shareholders.
Frequently Asked Questions
GLD and GLOB have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLOB has higher volatility (21.18%) compared to GLD (7.79%). In terms of maximum drawdown, GLD dropped -45.56% vs GLOB's -90.76%.
GLD currently has the higher Sharpe Ratio (0.87 vs -1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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