HMY vs. GLD
Compare and contrast key facts about Harmony Gold Mining Company Limited (HMY) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMY or GLD.
Key characteristics
| HMY | GLD | |
|---|---|---|
| YTD Return | 38.94% | 11.49% |
| 1Y Return | 72.76% | 12.70% |
| 3Y Return (Ann) | 22.06% | 8.31% |
| 5Y Return (Ann) | 41.09% | 12.07% |
| 10Y Return (Ann) | 10.80% | 5.39% |
| Sharpe Ratio | 1.46 | 1.11 |
| Daily Std Dev | 52.58% | 12.33% |
| Max Drawdown | -97.06% | -45.56% |
| Current Drawdown | -48.38% | -3.66% |
Correlation
The correlation between HMY and GLD is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HMY vs. GLD - Performance Comparison
In the year-to-date period, HMY achieves a 38.94% return, which is significantly higher than GLD's 11.49% return. Over the past 10 years, HMY has outperformed GLD with an annualized return of 10.80%, while GLD has yielded a comparatively lower 5.39% 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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Risk-Adjusted Performance
HMY vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) and SPDR Gold Trust (GLD). 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
HMY vs. GLD - Dividend Comparison
HMY's dividend yield for the trailing twelve months is around 1.39%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 1.39% | 0.65% | 1.16% | 2.32% | 0.00% | 0.00% | 0.00% | 3.52% | 1.61% | 0.00% | 0.00% | 2.16% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMY vs. GLD - Drawdown Comparison
The maximum HMY drawdown since its inception was -97.06%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for HMY and GLD. For additional features, visit the drawdowns tool.
Volatility
HMY vs. GLD - Volatility Comparison
Harmony Gold Mining Company Limited (HMY) has a higher volatility of 12.58% compared to SPDR Gold Trust (GLD) at 5.26%. This indicates that HMY's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.