GOLDX vs. GLD
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and SPDR Gold Trust (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 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: GOLDX or GLD.
Performance
GOLDX vs. GLD - Performance Comparison
Returns By Period
In the year-to-date period, GOLDX achieves a 22.77% return, which is significantly lower than GLD's 27.09% return. Over the past 10 years, GOLDX has outperformed GLD with an annualized return of 8.59%, while GLD has yielded a comparatively lower 8.06% annualized return.
GOLDX
22.77%
-9.58%
8.21%
29.26%
8.76%
8.59%
GLD
27.09%
-4.09%
11.35%
30.08%
12.17%
8.06%
Key characteristics
| GOLDX | GLD | |
|---|---|---|
| Sharpe Ratio | 1.09 | 1.98 |
| Sortino Ratio | 1.61 | 2.63 |
| Omega Ratio | 1.20 | 1.35 |
| Calmar Ratio | 0.49 | 3.70 |
| Martin Ratio | 4.04 | 11.66 |
| Ulcer Index | 7.25% | 2.58% |
| Daily Std Dev | 26.95% | 15.17% |
| Max Drawdown | -79.86% | -45.56% |
| Current Drawdown | -41.79% | -5.65% |
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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.
Correlation
The correlation between GOLDX and GLD is 0.74, 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
GOLDX vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) 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
GOLDX vs. GLD - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 0.92%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 0.92% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% |
GLD SPDR Gold Trust | 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 -79.86%, 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. For additional features, visit the drawdowns tool.
Volatility
GOLDX vs. GLD - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 9.24% compared to SPDR Gold Trust (GLD) at 6.43%. 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.