GLDM vs. ORLY
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while ORLY (O'Reilly Automotive, Inc.) is a stock. Over the past 5 years, GLDM returned 17.41%/yr vs 20.62%/yr for ORLY. At a 0.01 correlation, their price movements are largely independent.
Performance
GLDM vs. ORLY - 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 ORLY's -0.21% return.
GLDM
- 1D
- 0.11%
- 1M
- -10.20%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 24.17%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
ORLY
- 1D
- 1.02%
- 1M
- 1.47%
- YTD
- -0.21%
- 6M
- -3.28%
- 1Y
- -0.03%
- 3Y*
- 14.22%
- 5Y*
- 20.62%
- 10Y*
- 18.05%
GLDM vs. ORLY - 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% |
ORLY O'Reilly Automotive, Inc. | -0.21% | 15.38% | 24.81% | 12.56% | 19.51% | 56.05% | 3.27% | 27.28% | 22.83% |
Correlation
The correlation between GLDM and ORLY 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.01 |
The correlation between GLDM and ORLY shifts across timeframes, from 0.01 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDM vs. ORLY — Risk / Return Rank
GLDM
ORLY
GLDM vs. ORLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and O'Reilly Automotive, Inc. (ORLY). 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 | ORLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.02 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.00 | +1.00 |
| Martin ratioReturn relative to average drawdown | 2.87 | -0.00 | +2.87 |
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Drawdowns
GLDM vs. ORLY - Drawdown Comparison
The maximum GLDM drawdown since its inception was -24.35%, smaller than the maximum ORLY drawdown of -65.42%. Use the drawdown chart below to compare losses from any high point for GLDM and ORLY.
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Drawdown Indicators
| GLDM | ORLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -65.42% | +41.07% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | -20.02% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -20.02% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -23.03% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.00% | — |
Current DrawdownCurrent decline from peak | -21.96% | -15.58% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -10.78% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 10.77% | -2.33% |
Volatility
GLDM vs. ORLY - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 7.73% compared to O'Reilly Automotive, Inc. (ORLY) at 6.52%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than ORLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | ORLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 6.52% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 23.93% | 17.78% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 22.82% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 22.63% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 26.52% | -9.54% |
Dividends
GLDM vs. ORLY - Dividend Comparison
Neither GLDM nor ORLY has paid dividends to shareholders.
Frequently Asked Questions
GLDM and ORLY 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.
GLDM has higher volatility (7.73%) compared to ORLY (6.52%). In terms of maximum drawdown, GLDM dropped -24.35% vs ORLY's -65.42%.
GLDM currently has the higher Sharpe Ratio (0.90 vs -0.00), 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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