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.
Performance
GOLD vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, GOLD achieves a 1.96% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, GOLD has underperformed SPY with an annualized return of 5.62%, while SPY has yielded a comparatively higher 13.10% annualized return.
GOLD
1.96%
-14.49%
8.13%
14.23%
4.62%
5.62%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| GOLD | SPY | |
|---|---|---|
| Sharpe Ratio | 0.43 | 2.70 |
| Sortino Ratio | 0.81 | 3.60 |
| Omega Ratio | 1.10 | 1.50 |
| Calmar Ratio | 0.21 | 3.90 |
| Martin Ratio | 1.45 | 17.52 |
| Ulcer Index | 10.04% | 1.87% |
| Daily Std Dev | 33.86% | 12.14% |
| Max Drawdown | -88.52% | -55.19% |
| Current Drawdown | -58.66% | -0.85% |
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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.
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 2.21%, more than SPY's 1.18% yield.
| 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% |
SPY SPDR S&P 500 ETF | 1.18% | 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 10.25% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.