GOLD vs. GLD
Compare and contrast key facts about Barrick Gold Corporation (GOLD) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD or GLD.
Performance
GOLD vs. GLD - Performance Comparison
Returns By Period
In the year-to-date period, GOLD achieves a 1.96% return, which is significantly lower than GLD's 29.03% return. Over the past 10 years, GOLD has underperformed GLD with an annualized return of 5.62%, while GLD has yielded a comparatively higher 7.94% annualized return.
GOLD
1.96%
-14.49%
8.13%
14.23%
4.62%
5.62%
GLD
29.03%
-2.86%
14.34%
33.65%
12.39%
7.94%
Key characteristics
| GOLD | GLD | |
|---|---|---|
| Sharpe Ratio | 0.43 | 2.23 |
| Sortino Ratio | 0.81 | 2.97 |
| Omega Ratio | 1.10 | 1.39 |
| Calmar Ratio | 0.21 | 4.07 |
| Martin Ratio | 1.45 | 13.12 |
| Ulcer Index | 10.04% | 2.52% |
| Daily Std Dev | 33.86% | 14.86% |
| Max Drawdown | -88.52% | -45.56% |
| Current Drawdown | -58.66% | -4.21% |
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Correlation
The correlation between GOLD and GLD is 0.71, 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.
Risk-Adjusted Performance
GOLD vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (GOLD) and SPDR Gold Trust (GLD). 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
GOLD vs. GLD - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 2.21%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 2.21% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.89% | 1.86% | 2.83% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOLD vs. GLD - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.52%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GOLD and GLD. For additional features, visit the drawdowns tool.
Volatility
GOLD vs. GLD - Volatility Comparison
Barrick Gold Corporation (GOLD) has a higher volatility of 10.25% compared to SPDR Gold Trust (GLD) at 5.62%. This indicates that GOLD's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.