ITDE vs. GLD

Last updated Jun 13, 2026

ITDE (Ishares Lifepath Target Date 2045 ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - ITDE is a Target Retirement Date fund actively managed by iShares, while GLD is a Gold fund tracking the LBMA Gold Price PM. ITDE is actively managed, while GLD is passively managed. Over the past year, ITDE returned 22.54% vs 23.81% for GLD. At a 0.26 correlation, their price movements are largely independent. ITDE charges 0.11%/yr vs 0.40%/yr for GLD.

Performance

ITDE vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2045 ETF (ITDE) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITDE achieves a 9.74% return, which is significantly higher than GLD's -2.47% return.

ITDE

• 1D: 0.35%
• 1M: 0.76%
• YTD: 9.74%
• 6M: 10.42%
• 1Y: 22.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLD

• 1D: 0.06%
• 1M: -10.21%
• YTD: -2.47%
• 6M: -2.25%
• 1Y: 23.81%
• 3Y*: 28.89%
• 5Y*: 17.08%
• 10Y*: 12.15%

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

ITDE vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITDE Ishares Lifepath Target Date 2045 ETF	9.74%	19.34%	14.62%	13.21%
GLD SPDR Gold Shares	-2.47%	63.68%	26.66%	5.69%

Correlation

The correlation between ITDE and GLD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.26

ITDE vs. GLD - Sectors Allocation Comparison

Sectors	ITDE	GLD
Technology	25.8%	-
Financial Services	15.3%	-
Industrials	11.7%	-
Consumer Cyclical	8.9%	-
Healthcare	7.9%	-
Communication Services	7.8%	-
Real Estate	6.7%	-
Consumer Defensive	4.6%	-
Energy	4.3%	-
Basic Materials	4.1%	100.0%
Utilities	2.9%	-

Return for Risk

ITDE vs. GLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITDE

ITDE Risk / Return Rank: 68
ITDE Sharpe Ratio Rank: 70
ITDE Sortino Ratio Rank: 70
ITDE Omega Ratio Rank: 71
ITDE Calmar Ratio Rank: 61
ITDE Martin Ratio Rank: 71

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITDE vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2045 ETF (ITDE) 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.

	ITDE	GLD	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.87	+1.10
Sortino ratio: Return per unit of downside risk	2.76	1.24	+1.52
Omega ratio: Gain probability vs. loss probability	1.36	1.18	+0.18
Calmar ratio: Return relative to maximum drawdown	2.68	0.98	+1.70
Martin ratio: Return relative to average drawdown	11.57	2.81	+8.76

ITDE vs. GLD - Sharpe Ratio Comparison

The current ITDE Sharpe Ratio is 1.97, which is higher than the GLD Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of ITDE and GLD, 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

ITDE vs. GLD - Drawdown Comparison

The maximum ITDE drawdown since its inception was -14.67%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for ITDE and GLD.

Drawdown Indicators

	ITDE	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-45.56%	+30.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-24.46%	+16.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.46%	—
Current Drawdown Current decline from peak	-1.31%	-22.05%	+20.74%
Average Drawdown Average peak-to-trough decline	-1.42%	-16.16%	+14.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	8.49%	-6.53%

Volatility

ITDE vs. GLD - Volatility Comparison

The current volatility for Ishares Lifepath Target Date 2045 ETF (ITDE) is 4.39%, while SPDR Gold Shares (GLD) has a volatility of 7.79%. This indicates that ITDE experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDE	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	7.79%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	24.10%	-14.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	27.37%	-15.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	18.22%	-5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.00%	16.08%	-3.08%

ITDE vs. GLD - Expense Ratio Comparison

ITDE has a 0.11% expense ratio, which is lower than GLD's 0.40% expense ratio.

Dividends

ITDE vs. GLD - Dividend Comparison

ITDE's dividend yield for the trailing twelve months is around 1.69%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%
ITDE Ishares Lifepath Target Date 2045 ETF	1.69%	1.86%	1.64%	0.87%

Frequently Asked Questions

Can I hold both ITDE and GLD in my portfolio?

ITDE and GLD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITDE or GLD?

GLD has higher volatility (7.79%) compared to ITDE (4.39%). In terms of maximum drawdown, ITDE dropped -14.67% vs GLD's -45.56%.

Which ETF is better, ITDE or GLD?

On 1-year performance, GLD leads with 23.81% vs 22.54% for ITDE. On fees, ITDE is cheaper at 0.11% per year. On volatility, ITDE has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDE or GLD?

Over the 1-year period, GLD has performed better with a 23.81% return vs 22.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDE or GLD?

ITDE is cheaper with a 0.11% expense ratio, compared with 0.40% for GLD.

Which ETF pays a higher dividend yield, ITDE or GLD?

ITDE has the higher dividend yield at 1.69%, compared with 0.00% for GLD.

What is the main difference between ITDE and GLD?

ITDE is categorized as Target Retirement Date, while GLD is Gold. They also come from different issuers: iShares and State Street. Their fees differ too: 0.11% for ITDE and 0.40% for GLD.

Which has better risk-adjusted returns?

ITDE currently has the higher Sharpe Ratio (1.97 vs 0.87), 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.