GLD vs. SMNEY

Last updated Jun 13, 2026

GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while SMNEY (Siemens Energy AG) is a stock. At a 0.13 correlation, their price movements are largely independent.

Performance

GLD vs. SMNEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold Shares (GLD) and Siemens Energy AG (SMNEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

SMNEY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLD vs. SMNEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GLD SPDR Gold Shares	-2.47%	63.68%	26.66%	12.69%	-0.77%	-4.15%	3.40%
SMNEY Siemens Energy AG	25.32%	167.97%	298.17%	-29.76%	-27.66%	-31.90%	21.11%

Correlation

The correlation between GLD and SMNEY is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020	0.13

The correlation between GLD and SMNEY shifts across timeframes, from -0.03 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GLD vs. SMNEY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

SMNEY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLD vs. SMNEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Siemens Energy AG (SMNEY). 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	SMNEY	Difference
Sharpe ratio: Return per unit of total volatility	0.87	—	—
Sortino ratio: Return per unit of downside risk	1.24	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.98	—	—
Martin ratio: Return relative to average drawdown	2.81	—	—

Drawdowns

Drawdown Indicators

	GLD	SMNEY	Difference
Max Drawdown Largest peak-to-trough decline	-45.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-24.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.46%	—	—
Current Drawdown Current decline from peak	-22.05%	—	—
Average Drawdown Average peak-to-trough decline	-16.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.49%	—	—

Volatility

Volatility by Period

	GLD	SMNEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	—	—

Dividends

GLD vs. SMNEY - Dividend Comparison

Neither GLD nor SMNEY has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%
SMNEY Siemens Energy AG	0.00%	0.00%	0.00%	0.00%	0.61%

Frequently Asked Questions

Can I hold both GLD and SMNEY in my portfolio?

GLD and SMNEY have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.