GOLDX vs. SPY
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and SPDR S&P 500 ETF (SPY).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994. 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: GOLDX or SPY.
Key characteristics
| GOLDX | SPY | |
|---|---|---|
| YTD Return | 7.25% | 15.29% |
| 1Y Return | 14.80% | 26.49% |
| 3Y Return (Ann) | -0.35% | 10.42% |
| 5Y Return (Ann) | 7.13% | 14.94% |
| 10Y Return (Ann) | 3.83% | 12.85% |
| Sharpe Ratio | 0.49 | 2.40 |
| Daily Std Dev | 26.44% | 11.21% |
| Max Drawdown | -73.86% | -55.19% |
| Current Drawdown | -33.50% | -0.41% |
Correlation
The correlation between GOLDX and SPY is 0.19, 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
GOLDX vs. SPY - Performance Comparison
In the year-to-date period, GOLDX achieves a 7.25% return, which is significantly lower than SPY's 15.29% return. Over the past 10 years, GOLDX has underperformed SPY with an annualized return of 3.83%, while SPY has yielded a comparatively higher 12.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOLDX vs. SPY - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GOLDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) 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
GOLDX vs. SPY - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 1.05%, less than SPY's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 1.05% | 1.12% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.26% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GOLDX vs. SPY - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GOLDX and SPY. For additional features, visit the drawdowns tool.
Volatility
GOLDX vs. SPY - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 9.53% compared to SPDR S&P 500 ETF (SPY) at 2.41%. This indicates that GOLDX'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.