GLD vs. VVGM.DE
GLD (SPDR Gold Shares) and VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while VVGM.DE is a Global Equities fund tracking the Morningstar Global Wide Moat Focus. Both are passively managed. Over the past 5 years, GLD returned 17.06%/yr vs 6.42%/yr for VVGM.DE. At a 0.22 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.52%/yr for VVGM.DE.
Performance
GLD vs. VVGM.DE - Performance Comparison
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Different Trading Currencies
GLD is traded in USD, while VVGM.DE is traded in EUR. To make them comparable, the VVGM.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 -2.52% return, which is significantly lower than VVGM.DE's -0.61% return.
GLD
- 1D
- 3.13%
- 1M
- -10.77%
- YTD
- -2.52%
- 6M
- -1.76%
- 1Y
- 25.28%
- 3Y*
- 28.54%
- 5Y*
- 17.06%
- 10Y*
- 12.16%
VVGM.DE
- 1D
- 0.74%
- 1M
- 1.00%
- YTD
- -0.61%
- 6M
- -0.06%
- 1Y
- 7.98%
- 3Y*
- 13.25%
- 5Y*
- 6.42%
- 10Y*
- —
GLD vs. VVGM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -2.52% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 5.15% |
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | -0.61% | 26.06% | 9.49% | 10.47% | -11.33% | 14.97% | 17.22% |
Correlation
The correlation between GLD and VVGM.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2020 | 0.22 |
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Return for Risk
GLD vs. VVGM.DE — Risk / Return Rank
GLD
VVGM.DE
GLD vs. VVGM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.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.
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 | VVGM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.74 | +0.30 |
| Martin ratioReturn relative to average drawdown | 3.02 | 2.44 | +0.58 |
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Drawdowns
GLD vs. VVGM.DE - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than VVGM.DE's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for GLD and VVGM.DE.
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Drawdown Indicators
| GLD | VVGM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -24.01% | -21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -12.59% | -11.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -14.94% | -9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -24.01% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -22.10% | -5.87% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -5.36% | -10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 3.80% | +4.58% |
Volatility
GLD vs. VVGM.DE - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 7.77% compared to VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) at 4.56%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than VVGM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | VVGM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 4.56% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 11.40% | +12.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 13.79% | +13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 15.55% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.51% | +0.57% |
GLD vs. VVGM.DE - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is lower than VVGM.DE's 0.52% expense ratio.
Dividends
GLD vs. VVGM.DE - Dividend Comparison
Neither GLD nor VVGM.DE has paid dividends to shareholders.
Frequently Asked Questions
GLD and VVGM.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLD is cheaper with a 0.40% expense ratio, compared with 0.52% for VVGM.DE.
GLD is categorized as Gold, while VVGM.DE is Global Equities. GLD tracks LBMA Gold Price PM, while VVGM.DE tracks Morningstar Global Wide Moat Focus. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.40% for GLD and 0.52% for VVGM.DE.
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