GLD vs. PDO
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while PDO (Pimco Dynamic Income Opportunities Fund) is a stock. Over the past 5 years, GLD returned 17.08%/yr vs 1.78%/yr for PDO. At a 0.12 correlation, their price movements are largely independent.
Performance
GLD vs. PDO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly lower than PDO's -1.72% return.
GLD
- 1D
- 0.06%
- 1M
- -10.21%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 23.81%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
PDO
- 1D
- 0.78%
- 1M
- 1.23%
- YTD
- -1.72%
- 6M
- -1.43%
- 1Y
- 7.30%
- 3Y*
- 12.44%
- 5Y*
- 1.78%
- 10Y*
- —
GLD vs. PDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -1.53% |
PDO Pimco Dynamic Income Opportunities Fund | -1.72% | 13.96% | 24.55% | 8.06% | -23.40% | 5.98% |
Correlation
The correlation between GLD and PDO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLD vs. PDO — Risk / Return Rank
GLD
PDO
GLD vs. PDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Pimco Dynamic Income Opportunities Fund (PDO). 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 | PDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.66 | +0.32 |
| Martin ratioReturn relative to average drawdown | 2.81 | 2.29 | +0.52 |
Loading charts...
Drawdowns
GLD vs. PDO - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than PDO's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for GLD and PDO.
Loading charts...
Drawdown Indicators
| GLD | PDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -36.83% | -8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -11.18% | -13.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -16.55% | -7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -36.83% | +12.37% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -22.05% | -5.54% | -16.51% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -14.37% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 3.20% | +5.29% |
Volatility
GLD vs. PDO - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 7.79% compared to Pimco Dynamic Income Opportunities Fund (PDO) at 3.68%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than PDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLD | PDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 3.68% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 9.06% | +15.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 10.08% | +17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 15.80% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.54% | +0.54% |
Dividends
GLD vs. PDO - Dividend Comparison
GLD has not paid dividends to shareholders, while PDO's dividend yield for the trailing twelve months is around 11.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDO Pimco Dynamic Income Opportunities Fund | 11.94% | 11.09% | 11.29% | 12.54% | 19.09% | 8.56% |
Frequently Asked Questions
GLD and PDO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (7.79%) compared to PDO (3.68%). In terms of maximum drawdown, GLD dropped -45.56% vs PDO's -36.83%.
GLD currently has the higher Sharpe Ratio (0.87 vs 0.73), 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.
Find the right allocation for GLD and PDO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer