GOOGL vs. GLDM

Last updated Aug 1, 2026

GOOGL (Alphabet Inc. Class A) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, GOOGL returned 21.67%/yr vs 17.31%/yr for GLDM. Their 0.08 correlation means their historical movements had little consistent relationship.

Performance

GOOGL vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alphabet Inc. Class A (GOOGL) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOGL achieves a 13.93% return, which is significantly higher than GLDM's -6.13% return.

GOOGL

• 1D: 6.73%
• 1M: -1.41%
• 6M: 5.50%
• YTD: 13.93%
• 1Y: 86.11%
• 3Y*: 39.78%
• 5Y*: 21.67%
• 10Y*: 24.55%
• ALL TIME*: 25.41%

GLDM

• 1D: -1.46%
• 1M: 0.28%
• 6M: -16.53%
• YTD: -6.13%
• 1Y: 23.01%
• 3Y*: 27.59%
• 5Y*: 17.31%
• 10Y*: —
• ALL TIME*: 15.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLDM SPDR Gold MiniShares Trust	$263.44M	$251.25M	$317.77M
GOOGL Alphabet Inc. Class A	$11.74B	$10.31B	$11.78B

GOOGL vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GOOGL Alphabet Inc. Class A	13.93%	65.99%	36.01%	58.32%	-39.09%	65.30%	30.85%	28.18%	-8.28%
GLDM SPDR Gold MiniShares Trust	-6.13%	64.20%	27.08%	13.04%	-0.47%	-4.01%	25.10%	18.10%	1.75%

Correlation

The correlation between GOOGL and GLDM is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.12
Correlation (5Y) Shows whether the relationship held over a longer period.	0.11
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018	0.08

The correlation between GOOGL and GLDM shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GOOGL vs. GLDM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOGL

GOOGL Risk / Return Rank: 95
GOOGL Sharpe Ratio Rank: 96
GOOGL Sortino Ratio Rank: 96
GOOGL Omega Ratio Rank: 95
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 93

GLDM

GLDM Risk / Return Rank: 31
GLDM Sharpe Ratio Rank: 34
GLDM Sortino Ratio Rank: 31
GLDM Omega Ratio Rank: 36
GLDM Calmar Ratio Rank: 28
GLDM Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOOGL vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) and SPDR Gold MiniShares Trust (GLDM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GOOGL	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	2.70	0.83	+1.88
Sortino ratio: Return per unit of downside risk	3.70	1.19	+2.51
Omega ratio: Gain probability vs. loss probability	1.46	1.17	+0.29
Calmar ratio: Return relative to maximum drawdown	4.11	0.88	+3.23
Martin ratio: Return relative to average drawdown	11.67	1.90	+9.77

GOOGL vs. GLDM - Sharpe Ratio Comparison

The current GOOGL Sharpe Ratio is 2.70, which is higher than the GLDM Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of GOOGL and GLDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOOGL vs. GLDM - Drawdown Comparison

The maximum GOOGL drawdown since its inception was -65.29%, which is greater than GLDM's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for GOOGL and GLDM.

Drawdown Indicators

	GOOGL	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-65.29%	-26.27%	-39.02%
Max Drawdown (1Y) Largest decline over 1 year	-21.05%	-26.27%	+5.22%
Max Drawdown (3Y) Largest decline over 3 years	-29.81%	-26.27%	-3.54%
Max Drawdown (5Y) Largest decline over 5 years	-44.32%	-26.27%	-18.05%
Max Drawdown (10Y) Largest decline over 10 years	-44.32%	—	—
Current Drawdown Current decline from peak	-11.49%	-24.94%	+13.45%
Average Drawdown Average peak-to-trough decline	-13.01%	-6.56%	-6.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.41%	12.12%	-4.71%

Volatility

GOOGL vs. GLDM - Volatility Comparison

Alphabet Inc. Class A (GOOGL) has a higher volatility of 13.03% compared to SPDR Gold MiniShares Trust (GLDM) at 6.35%. This indicates that GOOGL's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOGL	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.03%	6.35%	+6.68%
Volatility (6M) Calculated over the trailing 6-month period	24.79%	23.37%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	32.12%	27.92%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.92%	18.39%	+13.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.43%	17.10%	+12.33%

Dividends

GOOGL vs. GLDM - Dividend Comparison

GOOGL's dividend yield for the trailing twelve months is around 0.24%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025	2024
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%	0.00%
GOOGL Alphabet Inc. Class A	0.24%	0.27%	0.32%

Frequently Asked Questions

Can I hold both GOOGL and GLDM in my portfolio?

GOOGL and GLDM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOGL or GLDM?

GOOGL has higher volatility (13.03%) compared to GLDM (6.35%). In terms of maximum drawdown, GOOGL dropped -65.29% vs GLDM's -26.27%.

Which has better risk-adjusted returns?

GOOGL currently has the higher Sharpe Ratio (2.70 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.