GLDM vs. ^GSPC
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and S&P 500 (^GSPC).
GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDM or ^GSPC.
Key characteristics
| GLDM | ^GSPC | |
|---|---|---|
| YTD Return | 10.98% | 5.57% |
| 1Y Return | 15.52% | 20.82% |
| 3Y Return (Ann) | 8.89% | 6.41% |
| 5Y Return (Ann) | 12.38% | 11.56% |
| Sharpe Ratio | 1.21 | 1.78 |
| Daily Std Dev | 12.37% | 11.69% |
| Max Drawdown | -21.63% | -56.78% |
| Current Drawdown | -4.20% | -4.16% |
Correlation
The correlation between GLDM and ^GSPC is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GLDM vs. ^GSPC - Performance Comparison
In the year-to-date period, GLDM achieves a 10.98% return, which is significantly higher than ^GSPC's 5.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GLDM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and S&P 500 (^GSPC). 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.
Drawdowns
GLDM vs. ^GSPC - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GLDM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GLDM vs. ^GSPC - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 5.36% compared to S&P 500 (^GSPC) at 3.95%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.