GLDM vs. CTRE
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while CTRE (CareTrust REIT, Inc.) is a stock. Over the past 5 years, GLDM returned 17.41%/yr vs 14.70%/yr for CTRE. At a 0.08 correlation, their price movements are largely independent.
Performance
GLDM vs. CTRE - Performance Comparison
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Returns By Period
In the year-to-date period, GLDM achieves a -2.40% return, which is significantly lower than CTRE's 3.00% return.
GLDM
- 1D
- 0.11%
- 1M
- -7.40%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
CTRE
- 1D
- 0.27%
- 1M
- -10.43%
- YTD
- 3.00%
- 6M
- 3.57%
- 1Y
- 33.21%
- 3Y*
- 28.79%
- 5Y*
- 14.70%
- 10Y*
- 15.93%
GLDM vs. CTRE - 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% |
CTRE CareTrust REIT, Inc. | 3.00% | 39.35% | 26.31% | 27.31% | -13.67% | 7.91% | 13.67% | 16.31% | 12.04% |
Correlation
The correlation between GLDM and CTRE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.08 |
The correlation between GLDM and CTRE shifts across timeframes, from -0.02 (1 year) to 0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLDM vs. CTRE — Risk / Return Rank
GLDM
CTRE
GLDM vs. CTRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and CareTrust REIT, Inc. (CTRE). 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 | CTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.42 | -1.42 |
| Martin ratioReturn relative to average drawdown | 2.87 | 8.51 | -5.64 |
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Drawdowns
GLDM vs. CTRE - Drawdown Comparison
The maximum GLDM drawdown since its inception was -24.35%, smaller than the maximum CTRE drawdown of -67.43%. Use the drawdown chart below to compare losses from any high point for GLDM and CTRE.
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Drawdown Indicators
| GLDM | CTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -67.43% | +43.08% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | -13.41% | -10.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -23.19% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -30.98% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.43% | — |
Current DrawdownCurrent decline from peak | -21.96% | -13.17% | -8.79% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -10.58% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 3.81% | +4.63% |
Volatility
GLDM vs. CTRE - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 7.73% compared to CareTrust REIT, Inc. (CTRE) at 7.12%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than CTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | CTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 7.12% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 23.93% | 19.70% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 24.07% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 24.55% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 35.34% | -18.36% |
Dividends
GLDM vs. CTRE - Dividend Comparison
GLDM has not paid dividends to shareholders, while CTRE's dividend yield for the trailing twelve months is around 3.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTRE CareTrust REIT, Inc. | 3.79% | 3.71% | 4.29% | 5.00% | 5.92% | 4.64% | 4.51% | 4.36% | 4.44% | 4.42% | 4.44% | 5.84% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDM and CTRE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (7.73%) compared to CTRE (7.12%). In terms of maximum drawdown, GLDM dropped -24.35% vs CTRE's -67.43%.
CTRE currently has the higher Sharpe Ratio (1.35 vs 0.90), 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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