GLD vs. V50A.DE
GLD (SPDR Gold Shares) and V50A.DE (Amundi EURO STOXX 50 UCITS ETF EUR (C)) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while V50A.DE is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past 10 years, GLD returned 12.56%/yr vs 11.01%/yr for V50A.DE. At a 0.15 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.15%/yr for V50A.DE.
Performance
GLD vs. V50A.DE - Performance Comparison
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Different Trading Currencies
GLD is traded in USD, while V50A.DE is traded in EUR. To make them comparable, the V50A.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLD achieves a 0.24% return, which is significantly lower than V50A.DE's 4.67% return. Over the past 10 years, GLD has outperformed V50A.DE with an annualized return of 12.56%, while V50A.DE has yielded a comparatively lower 11.01% annualized return.
GLD
- 1D
- 0.26%
- 1M
- -8.41%
- YTD
- 0.24%
- 6M
- 3.07%
- 1Y
- 30.18%
- 3Y*
- 29.71%
- 5Y*
- 17.55%
- 10Y*
- 12.56%
V50A.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 4.67%
- 6M
- 6.87%
- 1Y
- 16.09%
- 3Y*
- 18.16%
- 5Y*
- 10.18%
- 10Y*
- 11.01%
GLD vs. V50A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.24% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
V50A.DE Amundi EURO STOXX 50 UCITS ETF EUR (C) | 4.67% | 37.92% | 4.81% | 26.38% | -13.96% | 13.77% | 6.58% | 27.34% | -16.25% | 25.35% |
Correlation
The correlation between GLD and V50A.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2008 | 0.15 |
The correlation between GLD and V50A.DE shifts across timeframes, from 0.15 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. V50A.DE — Risk / Return Rank
GLD
V50A.DE
GLD vs. V50A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Amundi EURO STOXX 50 UCITS ETF EUR (C) (V50A.DE). 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.
| GLD | V50A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.22 | +0.29 |
| Martin ratioReturn relative to average drawdown | 3.78 | 4.09 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLD | V50A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.90 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.49 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.53 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.24 | +0.35 |
Drawdowns
GLD vs. V50A.DE - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum V50A.DE drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for GLD and V50A.DE.
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Drawdown Indicators
| GLD | V50A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -51.12% | +5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -13.03% | -7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -15.58% | -4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | -35.00% | +13.97% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | -38.98% | +16.98% |
Current DrawdownCurrent decline from peak | -19.89% | -2.45% | -17.44% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -12.00% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.01% | 3.90% | +4.11% |
Volatility
GLD vs. V50A.DE - Volatility Comparison
SPDR Gold Shares (GLD) and Amundi EURO STOXX 50 UCITS ETF EUR (C) (V50A.DE) have volatilities of 5.68% and 5.51%, 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 | V50A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.51% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 14.74% | +8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 17.76% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 20.76% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 20.49% | -4.50% |
GLD vs. V50A.DE - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is higher than V50A.DE's 0.15% expense ratio.
Dividends
GLD vs. V50A.DE - Dividend Comparison
Neither GLD nor V50A.DE has paid dividends to shareholders.
Frequently Asked Questions
GLD and V50A.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V50A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V50A.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for GLD.
GLD is categorized as Gold, while V50A.DE is Europe Equities. GLD tracks LBMA Gold Price PM, while V50A.DE tracks EURO STOXX® 50. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.40% for GLD and 0.15% for V50A.DE.
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