GLD vs. MINT
GLD (SPDR Gold Shares) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while MINT is a Ultrashort Bond fund actively managed by PIMCO. GLD is passively managed, while MINT is actively managed. Over the past 10 years, GLD returned 13.12%/yr vs 2.70%/yr for MINT. At a 0.11 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.36%/yr for MINT.
Performance
GLD vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a 2.92% return, which is significantly higher than MINT's 1.81% return. Over the past 10 years, GLD has outperformed MINT with an annualized return of 13.12%, while MINT has yielded a comparatively lower 2.70% annualized return.
GLD
- 1D
- -0.99%
- 1M
- -1.65%
- YTD
- 2.92%
- 6M
- 5.43%
- 1Y
- 32.04%
- 3Y*
- 31.09%
- 5Y*
- 18.15%
- 10Y*
- 13.12%
MINT
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.81%
- 6M
- 2.20%
- 1Y
- 4.67%
- 3Y*
- 5.41%
- 5Y*
- 3.47%
- 10Y*
- 2.70%
GLD vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 2.92% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
MINT PIMCO Enhanced Short Maturity Active ETF | 1.81% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between GLD and MINT is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2009 | 0.11 |
The correlation between GLD and MINT shifts across timeframes, from -0.08 (1 year) to 0.12 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. MINT — Risk / Return Rank
GLD
MINT
GLD vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and PIMCO Enhanced Short Maturity Active ETF (MINT). 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.
| GLD | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.88 | ||
| Sortino ratioReturn per unit of downside risk | -63.94 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 20.53 | -19.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 94.30 | -92.63 |
| Martin ratioReturn relative to average drawdown | 4.15 | 939.26 | -935.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLD | MINT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 17.09 | -15.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 5.99 | -4.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 2.87 | -2.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 2.47 | -1.87 |
Drawdowns
GLD vs. MINT - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for GLD and MINT.
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Drawdown Indicators
| GLD | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -4.62% | -40.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.21% | -0.05% | -19.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -0.16% | -19.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | -2.42% | -18.61% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | -4.62% | -17.38% |
Current DrawdownCurrent decline from peak | -17.75% | 0.00% | -17.75% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -0.17% | -15.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 0.00% | +7.73% |
Volatility
GLD vs. MINT - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 5.51% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 0.09% | +5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 23.16% | 0.20% | +22.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.61% | 0.27% | +26.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 0.58% | +17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 0.95% | +15.00% |
GLD vs. MINT - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is higher than MINT's 0.36% expense ratio.
Dividends
GLD vs. MINT - Dividend Comparison
GLD has not paid dividends to shareholders, while MINT's dividend yield for the trailing twelve months is around 4.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
Frequently Asked Questions
GLD and MINT have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (5.51%) compared to MINT (0.09%). In terms of maximum drawdown, GLD dropped -45.56% vs MINT's -4.62%.
On 10-year performance, GLD leads with 13.12% vs 2.70% for MINT. On fees, MINT is cheaper at 0.36% per year. On volatility, MINT has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 13.12% return vs 2.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MINT is cheaper with a 0.36% expense ratio, compared with 0.40% for GLD.
MINT has the higher dividend yield at 4.28%, compared with 0.00% for GLD.
GLD is categorized as Gold, while MINT is Ultrashort Bond. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.40% for GLD and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (17.09 vs 1.21), 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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