GOLDX vs. GLD
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and SPDR Gold Shares (GLD).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004.
Performance
GOLDX vs. GLD - Performance Comparison
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GOLDX vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | -0.94% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Returns By Period
In the year-to-date period, GOLDX achieves a -0.94% return, which is significantly lower than GLD's 8.57% return. Over the past 10 years, GOLDX has outperformed GLD with an annualized return of 16.72%, while GLD has yielded a comparatively lower 13.92% annualized return.
GOLDX
- 1D
- 0.00%
- 1M
- -27.25%
- YTD
- -0.94%
- 6M
- 19.76%
- 1Y
- 98.89%
- 3Y*
- 43.60%
- 5Y*
- 25.06%
- 10Y*
- 16.72%
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
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GOLDX vs. GLD - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than GLD's 0.40% expense ratio.
Return for Risk
GOLDX vs. GLD — Risk / Return Rank
GOLDX
GLD
GOLDX vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and SPDR Gold Shares (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.
| GOLDX | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.38 | 1.79 | +0.59 |
Sortino ratioReturn per unit of downside risk | 2.59 | 2.21 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.68 | +0.57 |
Martin ratioReturn relative to average drawdown | 12.71 | 9.90 | +2.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOLDX | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.79 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 1.22 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.88 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.62 | -0.39 |
Correlation
The correlation between GOLDX and GLD is 0.75, 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.
Dividends
GOLDX vs. GLD - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 15.72%, while GLD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 15.72% | 15.57% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.51% | 2.18% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOLDX vs. GLD - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.40%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GOLDX and GLD.
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Drawdown Indicators
| GOLDX | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -45.56% | -27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -31.96% | -19.21% | -12.75% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -21.03% | -23.70% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -22.00% | -27.42% |
Current DrawdownCurrent decline from peak | -27.41% | -13.23% | -14.18% |
Average DrawdownAverage peak-to-trough decline | -34.58% | -16.17% | -18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 5.20% | +2.98% |
Volatility
GOLDX vs. GLD - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 15.86% compared to SPDR Gold Shares (GLD) at 11.06%. This indicates that GOLDX'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.
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Volatility by Period
| GOLDX | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 11.06% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 24.30% | +10.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.34% | 27.80% | +14.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.76% | 17.74% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 15.87% | +16.30% |