GLTR vs. PICK
GLTR (abrdn Physical Precious Metals Basket Shares ETF) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both exchange-traded funds - GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index, while PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Both are passively managed. Over the past 10 years, GLTR returned 11.62%/yr vs 17.20%/yr for PICK. At a 0.38 correlation, their price movements are largely independent. GLTR charges 0.60%/yr vs 0.39%/yr for PICK.
Performance
GLTR vs. PICK - Performance Comparison
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Returns By Period
In the year-to-date period, GLTR achieves a -6.33% return, which is significantly lower than PICK's 22.74% return. Over the past 10 years, GLTR has underperformed PICK with an annualized return of 11.62%, while PICK has yielded a comparatively higher 17.20% annualized return.
GLTR
- 1D
- -0.79%
- 1M
- -9.55%
- YTD
- -6.33%
- 6M
- -7.48%
- 1Y
- 38.38%
- 3Y*
- 30.43%
- 5Y*
- 15.09%
- 10Y*
- 11.62%
PICK
- 1D
- -0.67%
- 1M
- -0.87%
- YTD
- 22.74%
- 6M
- 23.41%
- 1Y
- 79.31%
- 3Y*
- 20.05%
- 5Y*
- 11.96%
- 10Y*
- 17.20%
GLTR vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLTR abrdn Physical Precious Metals Basket Shares ETF | -6.33% | 87.25% | 20.63% | 2.01% | -0.25% | -9.60% | 29.52% | 20.96% | -2.85% | 12.94% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 22.74% | 51.89% | -16.37% | 9.69% | 2.54% | 22.61% | 27.46% | 16.47% | -18.65% | 38.42% |
Correlation
The correlation between GLTR and PICK is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.38 |
Over the past year, GLTR and PICK have become more correlated (0.66) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
GLTR vs. PICK — Risk / Return Rank
GLTR
PICK
GLTR vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Precious Metals Basket Shares ETF (GLTR) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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.
| GLTR | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 4.08 | -2.95 |
| Martin ratioReturn relative to average drawdown | 2.65 | 15.49 | -12.84 |
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Drawdowns
GLTR vs. PICK - Drawdown Comparison
The maximum GLTR drawdown since its inception was -55.70%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for GLTR and PICK.
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Drawdown Indicators
| GLTR | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -68.87% | +13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -34.09% | -19.54% | -14.55% |
Max Drawdown (3Y)Largest decline over 3 years | -34.09% | -32.52% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.09% | -36.37% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -34.09% | -52.72% | +18.63% |
Current DrawdownCurrent decline from peak | -32.48% | -8.58% | -23.90% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -24.06% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.52% | 5.14% | +9.38% |
Volatility
GLTR vs. PICK - Volatility Comparison
The current volatility for abrdn Physical Precious Metals Basket Shares ETF (GLTR) is 9.77%, while iShares MSCI Global Metals & Mining Producers ETF (PICK) has a volatility of 12.41%. This indicates that GLTR experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTR | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 12.41% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 36.39% | 26.15% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 29.84% | +8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 28.07% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.69% | 28.43% | -7.74% |
GLTR vs. PICK - Expense Ratio Comparison
GLTR has a 0.60% expense ratio, which is higher than PICK's 0.39% expense ratio.
Dividends
GLTR vs. PICK - Dividend Comparison
GLTR has not paid dividends to shareholders, while PICK's dividend yield for the trailing twelve months is around 2.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTR abrdn Physical Precious Metals Basket Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.11% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
GLTR and PICK have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (12.41%) compared to GLTR (9.77%). In terms of maximum drawdown, GLTR dropped -55.70% vs PICK's -68.87%.
On 10-year performance, PICK leads with 17.20% vs 11.62% for GLTR. On fees, PICK is cheaper at 0.39% per year. On volatility, GLTR has been the lower-risk option at 9.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PICK has performed better with a 17.20% return vs 11.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PICK is cheaper with a 0.39% expense ratio, compared with 0.60% for GLTR.
PICK has the higher dividend yield at 2.11%, compared with 0.00% for GLTR.
GLTR is categorized as Precious Metals, while PICK is Metals. GLTR tracks ETFS Physical Precious Metals Basket Index, while PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. They also come from different issuers: abrdn and iShares. Their fees differ too: 0.60% for GLTR and 0.39% for PICK.
PICK currently has the higher Sharpe Ratio (2.68 vs 1.00), 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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