GLD vs. GLTR
Compare and contrast key facts about SPDR Gold Trust (GLD) and Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR).
GLD and GLTR 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. GLTR is a passively managed fund by Abrdn Plc that tracks the performance of the ETFS Physical Precious Metals Basket Index. It was launched on Oct 22, 2010. Both GLD and GLTR 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 GLTR.
Performance
GLD vs. GLTR - Performance Comparison
Returns By Period
In the year-to-date period, GLD achieves a 27.96% return, which is significantly higher than GLTR's 24.58% return. Over the past 10 years, GLD has outperformed GLTR with an annualized return of 7.82%, while GLTR has yielded a comparatively lower 6.21% annualized return.
GLD
27.96%
-2.63%
11.14%
31.98%
12.21%
7.82%
GLTR
24.58%
-4.50%
6.63%
27.40%
9.32%
6.21%
Key characteristics
| GLD | GLTR | |
|---|---|---|
| Sharpe Ratio | 2.25 | 1.54 |
| Sortino Ratio | 2.99 | 2.14 |
| Omega Ratio | 1.39 | 1.27 |
| Calmar Ratio | 4.11 | 1.09 |
| Martin Ratio | 13.32 | 7.73 |
| Ulcer Index | 2.51% | 3.74% |
| Daily Std Dev | 14.87% | 18.78% |
| Max Drawdown | -45.56% | -55.70% |
| Current Drawdown | -5.00% | -6.87% |
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GLD vs. GLTR - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is lower than GLTR's 0.60% expense ratio.
Correlation
The correlation between GLD and GLTR is 0.91, 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.
Risk-Adjusted Performance
GLD vs. GLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Trust (GLD) and Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). 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.
Dividends
GLD vs. GLTR - Dividend Comparison
Neither GLD nor GLTR has paid dividends to shareholders.
Drawdowns
GLD vs. GLTR - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GLTR drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for GLD and GLTR. For additional features, visit the drawdowns tool.
Volatility
GLD vs. GLTR - Volatility Comparison
The current volatility for SPDR Gold Trust (GLD) is 5.64%, while Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) has a volatility of 6.28%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.