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 0.13, 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
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Key characteristics
GOLD:
0.44
SPY:
0.68
GOLD:
0.86
SPY:
1.13
GOLD:
1.10
SPY:
1.17
GOLD:
0.24
SPY:
0.76
GOLD:
1.24
SPY:
2.93
GOLD:
12.67%
SPY:
4.87%
GOLD:
34.87%
SPY:
20.29%
GOLD:
-88.51%
SPY:
-55.19%
GOLD:
-56.37%
SPY:
-3.85%
Returns By Period
In the year-to-date period, GOLD achieves a 22.37% return, which is significantly higher than SPY's 0.56% return. Over the past 10 years, GOLD has underperformed SPY with an annualized return of 5.66%, while SPY has yielded a comparatively higher 12.67% annualized return.
GOLD
22.37%
-7.59%
13.61%
12.43%
-5.09%
5.66%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
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Risk-Adjusted Performance
GOLD vs. SPY — Risk-Adjusted Performance Rank
GOLD
SPY
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.
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Dividends
GOLD vs. SPY - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 2.12%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 2.12% | 2.58% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% | 1.86% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GOLD vs. SPY - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.51%, 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.
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Volatility
GOLD vs. SPY - Volatility Comparison
Barrick Gold Corporation (GOLD) has a higher volatility of 13.87% compared to SPDR S&P 500 ETF (SPY) at 6.24%. 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.
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