GLD vs. GOLD
Compare and contrast key facts about SPDR Gold Trust (GLD) and Barrick Gold Corporation (GOLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLD or GOLD.
Key characteristics
| GLD | GOLD | |
|---|---|---|
| YTD Return | 11.49% | -7.88% |
| 1Y Return | 12.70% | -15.09% |
| 3Y Return (Ann) | 8.31% | -6.30% |
| 5Y Return (Ann) | 12.07% | 8.32% |
| 10Y Return (Ann) | 5.39% | 1.23% |
| Sharpe Ratio | 1.11 | -0.48 |
| Daily Std Dev | 12.33% | 29.78% |
| Max Drawdown | -45.56% | -88.52% |
| Current Drawdown | -3.66% | -62.64% |
Correlation
The correlation between GLD and GOLD is 0.71, 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. GOLD - Performance Comparison
In the year-to-date period, GLD achieves a 11.49% return, which is significantly higher than GOLD's -7.88% return. Over the past 10 years, GLD has outperformed GOLD with an annualized return of 5.39%, while GOLD has yielded a comparatively lower 1.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GLD vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Trust (GLD) and Barrick Gold Corporation (GOLD). 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. GOLD - Dividend Comparison
GLD has not paid dividends to shareholders, while GOLD's dividend yield for the trailing twelve months is around 2.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
GOLD Barrick Gold Corporation | 2.42% | 2.21% | 3.76% | 4.05% | 1.34% | 0.69% | 1.38% | 0.82% | 0.49% | 1.87% | 1.84% | 2.80% |
Drawdowns
GLD vs. GOLD - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GOLD drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for GLD and GOLD. For additional features, visit the drawdowns tool.
Volatility
GLD vs. GOLD - Volatility Comparison
The current volatility for SPDR Gold Trust (GLD) is 5.26%, while Barrick Gold Corporation (GOLD) has a volatility of 10.52%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.