GOLD vs. SPY
Compare and contrast key facts about Barrick Gold Corporation (GOLD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD or SPY.
Correlation
The correlation between GOLD and SPY is 0.12, 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
GOLD vs. SPY - Performance Comparison
Key characteristics
GOLD:
-0.34
SPY:
2.21
GOLD:
-0.26
SPY:
2.93
GOLD:
0.97
SPY:
1.41
GOLD:
-0.17
SPY:
3.26
GOLD:
-0.99
SPY:
14.43
GOLD:
11.54%
SPY:
1.90%
GOLD:
33.59%
SPY:
12.41%
GOLD:
-88.52%
SPY:
-55.19%
GOLD:
-64.73%
SPY:
-2.74%
Returns By Period
In the year-to-date period, GOLD achieves a -13.01% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, GOLD has underperformed SPY with an annualized return of 6.15%, while SPY has yielded a comparatively higher 12.97% annualized return.
GOLD
-13.01%
-13.58%
-6.18%
-12.43%
0.14%
6.15%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
GOLD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (GOLD) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 1.94%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 1.94% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.89% | 1.86% | 2.83% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GOLD vs. SPY - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GOLD and SPY. For additional features, visit the drawdowns tool.
Volatility
GOLD vs. SPY - Volatility Comparison
Barrick Gold Corporation (GOLD) has a higher volatility of 8.93% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that GOLD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.