HSAI vs. GLD
HSAI (Hesai Group American Depositary Share each ADS represents one Class B ordinary share) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, HSAI returned 34.40%/yr vs 31.09%/yr for GLD. At a 0.11 correlation, their price movements are largely independent.
Performance
HSAI vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, HSAI achieves a -7.23% return, which is significantly lower than GLD's 2.92% return.
HSAI
- 1D
- -4.06%
- 1M
- -3.93%
- YTD
- -7.23%
- 6M
- 8.17%
- 1Y
- 5.43%
- 3Y*
- 34.40%
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- -0.99%
- 1M
- -1.65%
- YTD
- 2.92%
- 6M
- 5.43%
- 1Y
- 32.04%
- 3Y*
- 31.09%
- 5Y*
- 18.15%
- 10Y*
- 13.12%
HSAI vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HSAI Hesai Group American Depositary Share each ADS represents one Class B ordinary share | -7.23% | 62.08% | 55.11% | -57.67% |
GLD SPDR Gold Shares | 2.92% | 63.68% | 26.66% | 10.48% |
Correlation
The correlation between HSAI and GLD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.11 |
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Return for Risk
HSAI vs. GLD — Risk / Return Rank
HSAI
GLD
HSAI vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) and SPDR Gold Shares (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.
| HSAI | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.68 | -1.57 |
| Martin ratioReturn relative to average drawdown | 0.26 | 4.15 | -3.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSAI | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 1.21 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.60 | -0.60 |
Drawdowns
HSAI vs. GLD - Drawdown Comparison
The maximum HSAI drawdown since its inception was -84.17%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for HSAI and GLD.
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Drawdown Indicators
| HSAI | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.17% | -45.56% | -38.61% |
Max Drawdown (1Y)Largest decline over 1 year | -49.56% | -19.21% | -30.35% |
Max Drawdown (3Y)Largest decline over 3 years | -73.37% | -19.21% | -54.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.00% | — |
Current DrawdownCurrent decline from peak | -30.27% | -17.75% | -12.52% |
Average DrawdownAverage peak-to-trough decline | -45.30% | -16.16% | -29.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.69% | 7.73% | +12.96% |
Volatility
HSAI vs. GLD - Volatility Comparison
Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) has a higher volatility of 22.64% compared to SPDR Gold Shares (GLD) at 5.51%. This indicates that HSAI'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.
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Volatility by Period
| HSAI | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.64% | 5.51% | +17.13% |
Volatility (6M)Calculated over the trailing 6-month period | 46.69% | 23.16% | +23.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.18% | 26.61% | +48.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.16% | 18.00% | +80.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.16% | 15.95% | +82.21% |
Dividends
HSAI vs. GLD - Dividend Comparison
Neither HSAI nor GLD has paid dividends to shareholders.
Frequently Asked Questions
HSAI and GLD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSAI has higher volatility (22.64%) compared to GLD (5.51%). In terms of maximum drawdown, HSAI dropped -84.17% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (1.21 vs 0.07), 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.
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