GLDM vs. AVAV
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while AVAV (AeroVironment, Inc.) is a stock. Over the past 5 years, GLDM returned 17.41%/yr vs 8.68%/yr for AVAV. At a 0.08 correlation, their price movements are largely independent.
Performance
GLDM vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, GLDM achieves a -2.40% return, which is significantly higher than AVAV's -29.48% return.
GLDM
- 1D
- 0.11%
- 1M
- -7.40%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
AVAV
- 1D
- -7.14%
- 1M
- 7.96%
- YTD
- -29.48%
- 6M
- -28.63%
- 1Y
- -12.57%
- 3Y*
- 20.96%
- 5Y*
- 8.68%
- 10Y*
- 18.47%
GLDM vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
AVAV AeroVironment, Inc. | -29.48% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 16.65% |
Correlation
The correlation between GLDM and AVAV is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.08 |
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Return for Risk
GLDM vs. AVAV — Risk / Return Rank
GLDM
AVAV
GLDM vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and AeroVironment, Inc. (AVAV). 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.
| GLDM | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.17 | +1.17 |
| Martin ratioReturn relative to average drawdown | 2.87 | -0.30 | +3.17 |
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Drawdowns
GLDM vs. AVAV - Drawdown Comparison
The maximum GLDM drawdown since its inception was -24.35%, smaller than the maximum AVAV drawdown of -61.45%. Use the drawdown chart below to compare losses from any high point for GLDM and AVAV.
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Drawdown Indicators
| GLDM | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -61.45% | +37.10% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | -61.45% | +37.10% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -61.45% | +37.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -61.45% | +37.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | -21.96% | -58.38% | +36.42% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -28.71% | +22.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 34.44% | -26.00% |
Volatility
GLDM vs. AVAV - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 7.73%, while AeroVironment, Inc. (AVAV) has a volatility of 26.86%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 26.86% | -19.13% |
Volatility (6M)Calculated over the trailing 6-month period | 23.93% | 57.90% | -33.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 74.35% | -47.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 56.01% | -37.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 52.05% | -35.07% |
Dividends
GLDM vs. AVAV - Dividend Comparison
Neither GLDM nor AVAV has paid dividends to shareholders.
Frequently Asked Questions
GLDM and AVAV have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (26.86%) compared to GLDM (7.73%). In terms of maximum drawdown, GLDM dropped -24.35% vs AVAV's -61.45%.
GLDM currently has the higher Sharpe Ratio (0.90 vs -0.14), 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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