GLD vs. HUBS
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while HUBS (HubSpot, Inc.) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs 14.57%/yr for HUBS. At a 0.03 correlation, their price movements are largely independent.
Performance
GLD vs. HUBS - 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 HUBS's -53.16% return. Over the past 10 years, GLD has underperformed HUBS with an annualized return of 12.15%, while HUBS has yielded a comparatively higher 14.57% 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%
HUBS
- 1D
- 0.83%
- 1M
- -5.24%
- YTD
- -53.16%
- 6M
- -50.00%
- 1Y
- -66.10%
- 3Y*
- -28.43%
- 5Y*
- -18.40%
- 10Y*
- 14.57%
GLD vs. HUBS - 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% |
HUBS HubSpot, Inc. | -53.16% | -42.41% | 20.02% | 100.79% | -56.14% | 66.27% | 150.12% | 26.06% | 42.23% | 88.09% |
Correlation
The correlation between GLD and HUBS is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.03 |
The correlation between GLD and HUBS shifts across timeframes, from -0.07 (1 year) to 0.04 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. HUBS — Risk / Return Rank
GLD
HUBS
GLD vs. HUBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and HubSpot, Inc. (HUBS). 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 | HUBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.77 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.99 | +1.96 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.66 | +4.48 |
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Drawdowns
GLD vs. HUBS - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum HUBS drawdown of -78.99%. Use the drawdown chart below to compare losses from any high point for GLD and HUBS.
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Drawdown Indicators
| GLD | HUBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -78.99% | +33.43% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -68.09% | +43.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -78.16% | +53.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -78.99% | +54.53% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -78.99% | +54.53% |
Current DrawdownCurrent decline from peak | -22.05% | -77.94% | +55.89% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -23.21% | +7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 40.95% | -32.46% |
Volatility
GLD vs. HUBS - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 7.79%, while HubSpot, Inc. (HUBS) has a volatility of 27.45%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than HUBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | HUBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 27.45% | -19.66% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 55.03% | -30.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 62.97% | -35.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 55.02% | -36.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 50.98% | -34.90% |
Dividends
GLD vs. HUBS - Dividend Comparison
Neither GLD nor HUBS has paid dividends to shareholders.
Frequently Asked Questions
GLD and HUBS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUBS has higher volatility (27.45%) compared to GLD (7.79%). In terms of maximum drawdown, GLD dropped -45.56% vs HUBS's -78.99%.
GLD currently has the higher Sharpe Ratio (0.87 vs -1.07), 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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