GOLB.L vs. GOLD
Compare and contrast key facts about Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and Barrick Gold Corporation (GOLD).
GOLB.L is a passively managed fund by China Post Global that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLB.L or GOLD.
Key characteristics
| GOLB.L | GOLD | |
|---|---|---|
| YTD Return | 12.27% | -5.71% |
| 1Y Return | 1.67% | -9.46% |
| 3Y Return (Ann) | 0.31% | -8.00% |
| Sharpe Ratio | 0.02 | -0.30 |
| Daily Std Dev | 29.60% | 29.52% |
| Max Drawdown | -44.07% | -88.52% |
| Current Drawdown | -22.82% | -61.76% |
Correlation
The correlation between GOLB.L and GOLD is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOLB.L vs. GOLD - Performance Comparison
In the year-to-date period, GOLB.L achieves a 12.27% return, which is significantly higher than GOLD's -5.71% 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
GOLB.L vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and Barrick Gold Corporation (GOLD). 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.
Dividends
GOLB.L vs. GOLD - Dividend Comparison
GOLB.L has not paid dividends to shareholders, while GOLD's dividend yield for the trailing twelve months is around 2.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLB.L Market Access NYSE Arca Gold Bugs UCITS 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% |
GOLD Barrick Gold Corporation | 2.36% | 2.21% | 3.76% | 4.05% | 1.34% | 0.69% | 1.38% | 0.82% | 0.49% | 1.87% | 1.84% | 2.80% |
Drawdowns
GOLB.L vs. GOLD - Drawdown Comparison
The maximum GOLB.L drawdown since its inception was -44.07%, smaller than the maximum GOLD drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for GOLB.L and GOLD. For additional features, visit the drawdowns tool.
Volatility
GOLB.L vs. GOLD - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and Barrick Gold Corporation (GOLD) have volatilities of 9.83% and 10.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.