IREN vs. GLD
Compare and contrast key facts about Iris Energy Limited (IREN) 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: IREN or GLD.
Key characteristics
| IREN | GLD | |
|---|---|---|
| YTD Return | 53.71% | 29.71% |
| 1Y Return | 270.03% | 36.62% |
| Sharpe Ratio | 2.07 | 2.55 |
| Sortino Ratio | 2.91 | 3.37 |
| Omega Ratio | 1.32 | 1.44 |
| Calmar Ratio | 2.90 | 5.01 |
| Martin Ratio | 6.76 | 16.89 |
| Ulcer Index | 37.99% | 2.20% |
| Daily Std Dev | 123.82% | 14.57% |
| Max Drawdown | -95.73% | -45.56% |
| Current Drawdown | -55.69% | -3.70% |
Correlation
The correlation between IREN and GLD is 0.16, 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
IREN vs. GLD - Performance Comparison
In the year-to-date period, IREN achieves a 53.71% return, which is significantly higher than GLD's 29.71% 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
IREN vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iris Energy Limited (IREN) 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
IREN vs. GLD - Dividend Comparison
Neither IREN nor GLD has paid dividends to shareholders.
Drawdowns
IREN vs. GLD - Drawdown Comparison
The maximum IREN drawdown since its inception was -95.73%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for IREN and GLD. For additional features, visit the drawdowns tool.
Volatility
IREN vs. GLD - Volatility Comparison
Iris Energy Limited (IREN) has a higher volatility of 35.53% compared to SPDR Gold Trust (GLD) at 4.89%. This indicates that IREN'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.