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 11.27%/yr vs 16.24%/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 -7.24% return, which is significantly lower than TMUS's -2.66% return. Over the past 10 years, GLD has underperformed TMUS with an annualized return of 11.27%, while TMUS has yielded a comparatively higher 16.24% annualized return.
GLD
- 1D
- -0.22%
- 1M
- -5.04%
- 6M
- -12.74%
- YTD
- -7.24%
- 1Y
- 19.20%
- 3Y*
- 26.36%
- 5Y*
- 16.85%
- 10Y*
- 11.27%
- ALL TIME*
- 10.24%
TMUS
- 1D
- 1.67%
- 1M
- 7.69%
- 6M
- 6.08%
- YTD
- -2.66%
- 1Y
- -12.27%
- 3Y*
- 13.24%
- 5Y*
- 7.19%
- 10Y*
- 16.24%
- ALL TIME*
- 18.39%
GLD vs. TMUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -7.24% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
TMUS T-Mobile US, Inc. | -2.66% | -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 -0.08, 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 | -0.02 |
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 |
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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 | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.94 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.36 | +1.09 |
| Martin ratioReturn relative to average drawdown | 1.71 | -0.62 | +2.33 |
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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 | -26.40% | -34.02% | +7.62% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | -37.13% | +10.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -37.13% | +10.73% |
Max Drawdown (10Y)Largest decline over 10 years | -26.40% | -37.13% | +10.73% |
Current DrawdownCurrent decline from peak | -25.87% | -26.67% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -25.98% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 19.82% | -8.54% |
Volatility
GLD vs. TMUS - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 6.38%, while T-Mobile US, Inc. (TMUS) has a volatility of 10.23%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than TMUS based on this measure. 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 | 6.38% | 10.23% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 24.20% | 20.95% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 26.25% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 24.30% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 26.17% | -10.06% |
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 2.01%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% |
TMUS T-Mobile US, Inc. | 2.01% | 1.80% | 1.28% | 0.41% |
Frequently Asked Questions
GLD and TMUS 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.
TMUS has higher volatility (10.23%) compared to GLD (6.38%). In terms of maximum drawdown, GLD dropped -45.56% vs TMUS's -86.29%.
GLD currently has the higher Sharpe Ratio (0.69 vs -0.47), 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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