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.
Correlation
The correlation between GLDM and ^GSPC is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GLDM vs. ^GSPC - Performance Comparison
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Key characteristics
GLDM:
35.28%
^GSPC:
19.37%
GLDM:
-3.44%
^GSPC:
-56.78%
GLDM:
-2.77%
^GSPC:
-7.88%
Returns By Period
GLDM
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
-3.77%
5.53%
-5.60%
8.37%
14.61%
10.35%
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Risk-Adjusted Performance
GLDM vs. ^GSPC — Risk-Adjusted Performance Rank
GLDM
^GSPC
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.
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Drawdowns
GLDM vs. ^GSPC - Drawdown Comparison
The maximum GLDM drawdown since its inception was -3.44%, 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.
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Volatility
GLDM vs. ^GSPC - Volatility Comparison
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