GLDM vs. BRK-B
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, GLDM returned 17.89%/yr vs 11.03%/yr for BRK-B. At a correlation of -0.01, they often move in opposite directions.
Performance
GLDM vs. BRK-B - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLDM achieves a 0.30% return, which is significantly higher than BRK-B's -3.11% return.
GLDM
- 1D
- 0.25%
- 1M
- -8.41%
- YTD
- 0.30%
- 6M
- 3.19%
- 1Y
- 30.55%
- 3Y*
- 30.08%
- 5Y*
- 17.89%
- 10Y*
- —
BRK-B
- 1D
- -0.23%
- 1M
- 2.32%
- YTD
- -3.11%
- 6M
- -2.06%
- 1Y
- -1.32%
- 3Y*
- 13.25%
- 5Y*
- 11.03%
- 10Y*
- 13.14%
GLDM vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.30% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 9.52% |
Correlation
The correlation between GLDM and BRK-B is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLDM vs. BRK-B — Risk / Return Rank
GLDM
BRK-B
GLDM vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Berkshire Hathaway Inc. (BRK-B). 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.
| GLDM | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.00 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.14 | +1.68 |
| Martin ratioReturn relative to average drawdown | 3.85 | -0.30 | +4.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GLDM | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | -0.09 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.65 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.48 | +0.51 |
Drawdowns
GLDM vs. BRK-B - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for GLDM and BRK-B.
Loading charts...
Drawdown Indicators
| GLDM | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -53.86% | +32.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -9.42% | -10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -14.95% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -26.58% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -19.80% | -9.78% | -10.02% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -11.07% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.96% | 4.49% | +3.47% |
Volatility
GLDM vs. BRK-B - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 5.65% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLDM | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 3.98% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 23.31% | 10.87% | +12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.65% | 14.38% | +12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 17.13% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 19.44% | -2.55% |
Dividends
GLDM vs. BRK-B - Dividend Comparison
Neither GLDM nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
GLDM and BRK-B have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (5.65%) compared to BRK-B (3.98%). In terms of maximum drawdown, GLDM dropped -21.63% vs BRK-B's -53.86%.
GLDM currently has the higher Sharpe Ratio (1.15 vs -0.09), 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.
Find the right allocation for GLDM and BRK-B
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer