GLDB vs. GLD
Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and SPDR Gold Trust (GLD).
GLDB and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both GLDB and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDB or GLD.
Correlation
The correlation between GLDB and GLD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLDB vs. GLD - Performance Comparison
Key characteristics
GLDB:
2.41
GLD:
3.05
GLDB:
3.11
GLD:
3.83
GLDB:
1.40
GLD:
1.52
GLDB:
1.94
GLD:
5.76
GLDB:
11.83
GLD:
15.73
GLDB:
3.40%
GLD:
2.97%
GLDB:
16.74%
GLD:
15.37%
GLDB:
-35.99%
GLD:
-45.56%
GLDB:
-1.86%
GLD:
0.00%
Returns By Period
In the year-to-date period, GLDB achieves a 9.46% return, which is significantly lower than GLD's 11.80% return.
GLDB
9.46%
4.14%
9.68%
38.95%
N/A
N/A
GLD
11.80%
8.60%
16.45%
45.27%
12.23%
8.94%
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GLDB vs. GLD - Expense Ratio Comparison
GLDB has a 0.79% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
GLDB vs. GLD — Risk-Adjusted Performance Rank
GLDB
GLD
GLDB vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) and SPDR Gold Trust (GLD). 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.
Dividends
GLDB vs. GLD - Dividend Comparison
GLDB's dividend yield for the trailing twelve months is around 3.91%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | 3.91% | 3.85% | 2.94% | 2.57% | 1.11% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLDB vs. GLD - Drawdown Comparison
The maximum GLDB drawdown since its inception was -35.99%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GLDB and GLD. For additional features, visit the drawdowns tool.
Volatility
GLDB vs. GLD - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GLDB) has a higher volatility of 5.41% compared to SPDR Gold Trust (GLD) at 4.02%. This indicates that GLDB's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.