GLD vs. MTD
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while MTD (Mettler-Toledo International Inc.) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs 11.73%/yr for MTD. At a 0.05 correlation, their price movements are largely independent.
Performance
GLD vs. MTD - 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 MTD's -18.84% return. Both investments have delivered pretty close results over the past 10 years, with GLD having a 12.15% annualized return and MTD not far behind at 11.73%.
GLD
- 1D
- 0.06%
- 1M
- -7.37%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
MTD
- 1D
- -0.86%
- 1M
- 9.68%
- YTD
- -18.84%
- 6M
- -18.81%
- 1Y
- -2.07%
- 3Y*
- -4.98%
- 5Y*
- -3.12%
- 10Y*
- 11.73%
GLD vs. MTD - 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% |
MTD Mettler-Toledo International Inc. | -18.84% | 13.93% | 0.88% | -16.08% | -14.83% | 48.92% | 43.67% | 40.26% | -8.71% | 48.01% |
Correlation
The correlation between GLD and MTD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.05 |
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Return for Risk
GLD vs. MTD — Risk / Return Rank
GLD
MTD
GLD vs. MTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Mettler-Toledo International Inc. (MTD). 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 | MTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.15 | +1.13 |
| Martin ratioReturn relative to average drawdown | 2.81 | -0.42 | +3.23 |
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Drawdowns
GLD vs. MTD - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum MTD drawdown of -61.43%. Use the drawdown chart below to compare losses from any high point for GLD and MTD.
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Drawdown Indicators
| GLD | MTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -61.43% | +15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -31.90% | +7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -36.61% | +12.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -43.47% | +19.01% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -43.47% | +19.01% |
Current DrawdownCurrent decline from peak | -22.05% | -33.54% | +11.49% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -13.69% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 11.48% | -2.99% |
Volatility
GLD vs. MTD - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 7.79%, while Mettler-Toledo International Inc. (MTD) has a volatility of 9.92%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than MTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | MTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 9.92% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 26.16% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 32.17% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 32.15% | -13.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 29.78% | -13.70% |
Dividends
GLD vs. MTD - Dividend Comparison
Neither GLD nor MTD has paid dividends to shareholders.
Frequently Asked Questions
GLD and MTD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTD has higher volatility (9.92%) compared to GLD (7.79%). In terms of maximum drawdown, GLD dropped -45.56% vs MTD's -61.43%.
GLD currently has the higher Sharpe Ratio (0.87 vs -0.15), 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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