GLD vs. NTNX
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while NTNX (Nutanix, Inc.) is a stock. Over the past 5 years, GLD returned 18.31%/yr vs 5.59%/yr for NTNX. At a 0.02 correlation, their price movements are largely independent.
Performance
GLD vs. NTNX - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a 0.06% return, which is significantly higher than NTNX's -4.43% return.
GLD
- 1D
- 2.59%
- 1M
- -4.97%
- YTD
- 0.06%
- 6M
- 0.19%
- 1Y
- 25.38%
- 3Y*
- 29.73%
- 5Y*
- 18.31%
- 10Y*
- 12.33%
NTNX
- 1D
- 0.18%
- 1M
- 6.60%
- YTD
- -4.43%
- 6M
- 3.43%
- 1Y
- -31.51%
- 3Y*
- 19.17%
- 5Y*
- 5.59%
- 10Y*
- —
GLD vs. NTNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.06% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
NTNX Nutanix, Inc. | -4.43% | -15.51% | 28.29% | 83.07% | -18.24% | -0.03% | 1.95% | -24.84% | 17.89% | 32.83% |
Correlation
The correlation between GLD and NTNX 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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.02 |
The correlation between GLD and NTNX shifts across timeframes, from -0.08 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. NTNX — Risk / Return Rank
GLD
NTNX
GLD vs. NTNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Nutanix, Inc. (NTNX). 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 | NTNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.90 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.55 | +1.59 |
| Martin ratioReturn relative to average drawdown | 2.97 | -0.91 | +3.88 |
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Drawdowns
GLD vs. NTNX - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum NTNX drawdown of -80.40%. Use the drawdown chart below to compare losses from any high point for GLD and NTNX.
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Drawdown Indicators
| GLD | NTNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -80.40% | +34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -57.58% | +33.12% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -58.58% | +34.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -68.71% | +44.25% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -20.03% | -40.53% | +20.50% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -40.57% | +24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.59% | 34.61% | -26.02% |
Volatility
GLD vs. NTNX - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 8.37%, while Nutanix, Inc. (NTNX) has a volatility of 16.57%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than NTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | NTNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 16.57% | -8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 35.90% | -11.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.49% | 46.19% | -18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 49.64% | -31.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 58.50% | -42.40% |
Dividends
GLD vs. NTNX - Dividend Comparison
Neither GLD nor NTNX has paid dividends to shareholders.
Frequently Asked Questions
GLD and NTNX 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.
NTNX has higher volatility (16.57%) compared to GLD (8.37%). In terms of maximum drawdown, GLD dropped -45.56% vs NTNX's -80.40%.
GLD currently has the higher Sharpe Ratio (0.93 vs -0.69), 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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