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:
2.17
SPY:
1.46
GOLDX:
2.76
SPY:
1.99
GOLDX:
1.36
SPY:
1.27
GOLDX:
0.94
SPY:
2.23
GOLDX:
7.56
SPY:
9.00
GOLDX:
7.48%
SPY:
2.08%
GOLDX:
26.16%
SPY:
12.83%
GOLDX:
-79.86%
SPY:
-55.19%
GOLDX:
-37.36%
SPY:
-3.06%
Returns By Period
In the year-to-date period, GOLDX achieves a 14.97% return, which is significantly higher than SPY's 1.38% return. Over the past 10 years, GOLDX has underperformed SPY with an annualized return of 8.46%, while SPY has yielded a comparatively higher 12.93% annualized return.
GOLDX
14.97%
2.02%
6.55%
49.56%
8.47%
8.46%
SPY
1.38%
-1.27%
6.09%
17.34%
16.45%
12.93%
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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 1.84%, more than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 1.84% | 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 | 1.19% | 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) has a higher volatility of 7.11% compared to SPDR S&P 500 ETF (SPY) at 3.69%. 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.