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 16.08%/yr vs 27.10%/yr for GLD. At a 0.13 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 -30.31% return, which is significantly lower than GLD's -7.67% return.
HSAI
- 1D
- -1.82%
- 1M
- -24.33%
- YTD
- -30.31%
- 6M
- -30.19%
- 1Y
- -24.88%
- 3Y*
- 16.08%
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- -3.02%
- 1M
- -11.58%
- YTD
- -7.67%
- 6M
- -11.17%
- 1Y
- 19.51%
- 3Y*
- 27.10%
- 5Y*
- 17.04%
- 10Y*
- 11.25%
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 | -30.31% | 62.08% | 55.11% | -62.48% |
GLD SPDR Gold Shares | -7.67% | 63.68% | 26.66% | 9.61% |
Correlation
The correlation between HSAI and GLD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.13 |
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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.
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.
| HSAI | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.75 | -1.25 |
| Martin ratioReturn relative to average drawdown | -1.10 | 2.12 | -3.21 |
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Drawdowns
HSAI vs. GLD - Drawdown Comparison
The maximum HSAI drawdown since its inception was -85.05%, 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 | -85.05% | -45.56% | -39.49% |
Max Drawdown (1Y)Largest decline over 1 year | -49.56% | -26.21% | -23.35% |
Max Drawdown (3Y)Largest decline over 3 years | -73.37% | -26.21% | -47.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -47.62% | -26.21% | -21.41% |
Average DrawdownAverage peak-to-trough decline | -46.54% | -16.17% | -30.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 9.24% | +13.51% |
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 20.76% compared to SPDR Gold Shares (GLD) at 8.58%. 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 | 20.76% | 8.58% | +12.18% |
Volatility (6M)Calculated over the trailing 6-month period | 48.35% | 24.57% | +23.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.58% | 27.75% | +47.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.89% | 18.30% | +79.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.89% | 16.07% | +81.82% |
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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSAI has higher volatility (20.76%) compared to GLD (8.58%). In terms of maximum drawdown, HSAI dropped -85.05% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.71 vs -0.34), 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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