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.
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
Key characteristics
GOLDX:
2.28
SPY:
0.30
GOLDX:
2.84
SPY:
0.56
GOLDX:
1.40
SPY:
1.08
GOLDX:
1.31
SPY:
0.31
GOLDX:
8.76
SPY:
1.40
GOLDX:
7.56%
SPY:
4.18%
GOLDX:
29.05%
SPY:
19.64%
GOLDX:
-79.86%
SPY:
-55.19%
GOLDX:
-17.78%
SPY:
-13.86%
Returns By Period
In the year-to-date period, GOLDX achieves a 50.92% return, which is significantly higher than SPY's -9.91% return. Both investments have delivered pretty close results over the past 10 years, with GOLDX having a 11.63% annualized return and SPY not far behind at 11.59%.
GOLDX
50.92%
16.09%
25.26%
62.12%
13.83%
11.63%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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 Rank
GOLDX
SPY
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 1.40%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 1.40% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GOLDX vs. SPY - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -79.86%, 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) and SPDR S&P 500 ETF (SPY) have volatilities of 14.55% and 14.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.