GLD vs. NBIS
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while NBIS (Nebius Group N.V.) is a stock. Over the past year, GLD returned 30.18% vs 351.53% for NBIS. At a 0.05 correlation, their price movements are largely independent.
Performance
GLD vs. NBIS - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a 0.24% return, which is significantly lower than NBIS's 160.44% return.
GLD
- 1D
- 0.26%
- 1M
- -8.41%
- YTD
- 0.24%
- 6M
- 3.07%
- 1Y
- 30.18%
- 3Y*
- 29.71%
- 5Y*
- 17.55%
- 10Y*
- 12.56%
NBIS
- 1D
- -4.31%
- 1M
- 23.13%
- YTD
- 160.44%
- 6M
- 117.28%
- 1Y
- 351.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLD vs. NBIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLD SPDR Gold Shares | 0.24% | 63.68% | -3.64% |
NBIS Nebius Group N.V. | 160.44% | 202.18% | 46.25% |
Correlation
The correlation between GLD and NBIS is 0.02, 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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024 | 0.05 |
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Return for Risk
GLD vs. NBIS — Risk / Return Rank
GLD
NBIS
GLD vs. NBIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Nebius Group N.V. (NBIS). 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 | NBIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 7.79 | -6.28 |
| Martin ratioReturn relative to average drawdown | 3.78 | 17.86 | -14.09 |
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 | NBIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 3.39 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 3.19 | -2.59 |
Drawdowns
GLD vs. NBIS - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum NBIS drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for GLD and NBIS.
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Drawdown Indicators
| GLD | NBIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -58.27% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -45.47% | +25.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -19.89% | -17.58% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -19.02% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.01% | 19.79% | -11.78% |
Volatility
GLD vs. NBIS - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 5.68%, while Nebius Group N.V. (NBIS) has a volatility of 33.60%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than NBIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | NBIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 33.60% | -27.92% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 71.53% | -48.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 104.78% | -77.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 110.72% | -92.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 110.72% | -94.73% |
Dividends
GLD vs. NBIS - Dividend Comparison
Neither GLD nor NBIS has paid dividends to shareholders.
Frequently Asked Questions
GLD and NBIS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBIS has higher volatility (33.60%) compared to GLD (5.68%). In terms of maximum drawdown, GLD dropped -45.56% vs NBIS's -58.27%.
NBIS currently has the higher Sharpe Ratio (3.39 vs 1.13), 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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