GLDM vs. LRN
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while LRN (Stride, Inc.) is a stock. Over the past 5 years, GLDM returned 17.89%/yr vs 26.64%/yr for LRN. At a 0.01 correlation, their price movements are largely independent.
Performance
GLDM vs. LRN - Performance Comparison
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Returns By Period
In the year-to-date period, GLDM achieves a 0.30% return, which is significantly lower than LRN's 48.98% return.
GLDM
- 1D
- 0.25%
- 1M
- -8.41%
- YTD
- 0.30%
- 6M
- 3.19%
- 1Y
- 30.55%
- 3Y*
- 30.08%
- 5Y*
- 17.89%
- 10Y*
- —
LRN
- 1D
- -3.28%
- 1M
- 10.01%
- YTD
- 48.98%
- 6M
- 57.26%
- 1Y
- -33.50%
- 3Y*
- 32.84%
- 5Y*
- 26.64%
- 10Y*
- 23.53%
GLDM vs. LRN - 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% | 1.75% |
LRN Stride, Inc. | 48.98% | -37.53% | 75.05% | 89.80% | -6.15% | 56.99% | 4.32% | -17.91% | 48.89% |
Correlation
The correlation between GLDM and LRN 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.01 |
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Return for Risk
GLDM vs. LRN — Risk / Return Rank
GLDM
LRN
GLDM vs. LRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Stride, Inc. (LRN). 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 | LRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.96 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.52 | +2.06 |
| Martin ratioReturn relative to average drawdown | 3.85 | -0.80 | +4.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDM | LRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | -0.50 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.52 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.15 | +0.84 |
Drawdowns
GLDM vs. LRN - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum LRN drawdown of -81.41%. Use the drawdown chart below to compare losses from any high point for GLDM and LRN.
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Drawdown Indicators
| GLDM | LRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -81.41% | +59.78% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -64.07% | +44.07% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -64.07% | +44.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -64.07% | +43.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.07% | — |
Current DrawdownCurrent decline from peak | -19.80% | -43.04% | +23.24% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -36.28% | +30.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.96% | 41.77% | -33.81% |
Volatility
GLDM vs. LRN - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 5.65%, while Stride, Inc. (LRN) has a volatility of 8.89%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than LRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | LRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 8.89% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 23.31% | 24.18% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.65% | 66.84% | -40.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 51.40% | -33.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 49.23% | -32.34% |
Dividends
GLDM vs. LRN - Dividend Comparison
Neither GLDM nor LRN has paid dividends to shareholders.
Frequently Asked Questions
GLDM and LRN 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.
LRN has higher volatility (8.89%) compared to GLDM (5.65%). In terms of maximum drawdown, GLDM dropped -21.63% vs LRN's -81.41%.
GLDM currently has the higher Sharpe Ratio (1.15 vs -0.50), 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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