GLD vs. XMME.DE
GLD (SPDR Gold Shares) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, GLD returned 17.08%/yr vs 7.17%/yr for XMME.DE. At a 0.23 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.18%/yr for XMME.DE.
Performance
GLD vs. XMME.DE - Performance Comparison
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Different Trading Currencies
GLD is traded in USD, while XMME.DE is traded in EUR. To make them comparable, the XMME.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 -2.47% return, which is significantly lower than XMME.DE's 24.87% return.
GLD
- 1D
- 0.06%
- 1M
- -9.52%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
XMME.DE
- 1D
- 3.14%
- 1M
- 0.72%
- YTD
- 24.87%
- 6M
- 27.01%
- 1Y
- 48.00%
- 3Y*
- 22.31%
- 5Y*
- 7.17%
- 10Y*
- —
GLD vs. XMME.DE - 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% | 4.63% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 24.87% | 34.00% | 7.31% | 9.23% | -19.68% | -3.52% | 17.00% | 19.33% | -15.34% | 4.97% |
Correlation
The correlation between GLD and XMME.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2017 | 0.23 |
The correlation between GLD and XMME.DE shifts across timeframes, from 0.23 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. XMME.DE — Risk / Return Rank
GLD
XMME.DE
GLD vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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 | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 3.51 | -2.53 |
| Martin ratioReturn relative to average drawdown | 2.81 | 12.45 | -9.64 |
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Drawdowns
GLD vs. XMME.DE - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than XMME.DE's maximum drawdown of -40.24%. Use the drawdown chart below to compare losses from any high point for GLD and XMME.DE.
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Drawdown Indicators
| GLD | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -40.24% | -5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -13.01% | -11.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -17.93% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -37.30% | +12.84% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -22.05% | -4.03% | -18.02% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -15.55% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 3.67% | +4.82% |
Volatility
GLD vs. XMME.DE - Volatility Comparison
SPDR Gold Shares (GLD) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) have volatilities of 7.79% and 8.19%, 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 | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 8.19% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 17.34% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 19.74% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 18.88% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 20.16% | -4.08% |
GLD vs. XMME.DE - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is higher than XMME.DE's 0.18% expense ratio.
Dividends
GLD vs. XMME.DE - Dividend Comparison
Neither GLD nor XMME.DE has paid dividends to shareholders.
Frequently Asked Questions
GLD and XMME.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for GLD.
GLD is categorized as Gold, while XMME.DE is Emerging Markets Equities. GLD tracks LBMA Gold Price PM, while XMME.DE tracks MSCI Emerging Markets. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.40% for GLD and 0.18% for XMME.DE.
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