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.
Performance
GOLDX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GOLDX having a 25.22% return and SPY slightly higher at 26.08%. Over the past 10 years, GOLDX has underperformed SPY with an annualized return of 8.00%, while SPY has yielded a comparatively higher 13.10% annualized return.
GOLDX
25.22%
-11.34%
14.26%
34.50%
9.35%
8.00%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| GOLDX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.31 | 2.70 |
| Sortino Ratio | 1.87 | 3.60 |
| Omega Ratio | 1.23 | 1.50 |
| Calmar Ratio | 0.58 | 3.90 |
| Martin Ratio | 4.93 | 17.52 |
| Ulcer Index | 7.13% | 1.87% |
| Daily Std Dev | 26.83% | 12.14% |
| Max Drawdown | -79.86% | -55.19% |
| Current Drawdown | -40.63% | -0.85% |
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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.
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.
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 0.90%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 0.90% | 1.13% | 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 | 1.18% | 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 -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) has a higher volatility of 8.96% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.