GLD vs. TMUS
GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM, while TMUS (T-Mobile US, Inc.) is a stock. Over the past 10 years, GLD returned 12.15%/yr vs 16.66%/yr for TMUS. At a 0.02 correlation, their price movements are largely independent.
Performance
GLD vs. TMUS - 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 TMUS's -5.91% return. Over the past 10 years, GLD has underperformed TMUS with an annualized return of 12.15%, while TMUS has yielded a comparatively higher 16.66% annualized return.
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%
TMUS
- 1D
- 1.77%
- 1M
- 2.65%
- YTD
- -5.91%
- 6M
- -2.11%
- 1Y
- -15.50%
- 3Y*
- 15.04%
- 5Y*
- 6.35%
- 10Y*
- 16.66%
GLD vs. TMUS - 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% |
TMUS T-Mobile US, Inc. | -5.91% | -6.58% | 39.70% | 15.02% | 20.71% | -13.99% | 71.96% | 23.28% | 0.16% | 10.43% |
Correlation
The correlation between GLD and TMUS is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2007 | 0.02 |
The correlation between GLD and TMUS shifts across timeframes, from -0.11 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. TMUS — Risk / Return Rank
GLD
TMUS
GLD vs. TMUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and T-Mobile US, Inc. (TMUS). 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 | TMUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.91 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.52 | +1.50 |
| Martin ratioReturn relative to average drawdown | 2.81 | -0.88 | +3.69 |
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Drawdowns
GLD vs. TMUS - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum TMUS drawdown of -86.29%. Use the drawdown chart below to compare losses from any high point for GLD and TMUS.
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Drawdown Indicators
| GLD | TMUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -86.29% | +40.73% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -30.37% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -33.65% | +9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -33.65% | +9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -33.65% | +9.19% |
Current DrawdownCurrent decline from peak | -22.05% | -29.12% | +7.07% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -25.96% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 17.87% | -9.38% |
Volatility
GLD vs. TMUS - Volatility Comparison
SPDR Gold Shares (GLD) and T-Mobile US, Inc. (TMUS) have volatilities of 7.79% and 7.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | TMUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 7.72% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 19.08% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 24.99% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 23.90% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 26.08% | -10.00% |
Dividends
GLD vs. TMUS - Dividend Comparison
GLD has not paid dividends to shareholders, while TMUS's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% |
TMUS T-Mobile US, Inc. | 2.08% | 1.80% | 1.28% | 0.41% |
Frequently Asked Questions
GLD and TMUS have a correlation of -0.11, 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 TMUS (7.72%). In terms of maximum drawdown, GLD dropped -45.56% vs TMUS's -86.29%.
GLD currently has the higher Sharpe Ratio (0.87 vs -0.63), 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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