JCTR vs. GLD

Last updated Jun 5, 2026

JCTR (JPMorgan Carbon Transition U.S. Equity ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - JCTR is a Large Cap Blend Equities fund tracking the JPMorgan Asset Management Carbon Transition U.S. Equity Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. JCTR charges 0.15%/yr vs 0.40%/yr for GLD.

Performance

JCTR vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Carbon Transition U.S. Equity ETF (JCTR) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JCTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLD

• 1D: 0.83%
• 1M: -1.67%
• YTD: 3.77%
• 6M: 6.24%
• 1Y: 32.28%
• 3Y*: 31.19%
• 5Y*: 18.35%
• 10Y*: 13.21%

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

JCTR vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JCTR JPMorgan Carbon Transition U.S. Equity ETF	0.00%	13.55%	24.74%	27.51%	-18.76%	29.86%	2.11%
GLD SPDR Gold Shares	3.77%	63.68%	26.66%	12.69%	-0.77%	-4.15%	3.60%

Correlation

The correlation between JCTR and GLD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Dec 11, 2020	0.10

The correlation between JCTR and GLD shifts across timeframes, from -0.02 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

JCTR vs. GLD - Sectors Allocation Comparison

Sectors	JCTR	GLD
Technology	37.2%	-
Financial Services	14.7%	-
Consumer Cyclical	10.9%	-
Healthcare	9.5%	-
Communication Services	9.5%	-
Industrials	6.3%	-
Energy	2.9%	-
Consumer Defensive	2.9%	-
Real Estate	2.3%	-
Utilities	2.0%	-
Basic Materials	1.7%	100.0%

Return for Risk

JCTR vs. GLD — Risk / Return Rank

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

GLD

GLD Risk / Return Rank: 34
GLD Sharpe Ratio Rank: 35
GLD Sortino Ratio Rank: 31
GLD Omega Ratio Rank: 38
GLD Calmar Ratio Rank: 35
GLD Martin Ratio Rank: 29

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.

JCTR vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Carbon Transition U.S. Equity ETF (JCTR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JCTR	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.60	—

Drawdowns

Drawdown Indicators

	JCTR	GLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-45.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-19.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.00%	—
Current Drawdown Current decline from peak	—	-17.07%	—
Average Drawdown Average peak-to-trough decline	—	-16.16%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.81%	—

Volatility

Volatility by Period

	JCTR	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.95%	—

JCTR vs. GLD - Expense Ratio Comparison

JCTR has a 0.15% expense ratio, which is lower than GLD's 0.40% expense ratio.

Dividends

JCTR vs. GLD - Dividend Comparison

JCTR's dividend yield for the trailing twelve months is around 0.43%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JCTR JPMorgan Carbon Transition U.S. Equity ETF	0.43%	0.61%	1.04%	1.88%	1.53%	1.13%	0.13%

Frequently Asked Questions

Can I hold both JCTR and GLD in my portfolio?

JCTR and GLD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JCTR or GLD?

On fees, JCTR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JCTR or GLD?

JCTR is cheaper with a 0.15% expense ratio, compared with 0.40% for GLD.

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

JCTR has the higher dividend yield at 0.43%, compared with 0.00% for GLD.

What is the main difference between JCTR and GLD?

JCTR is categorized as Large Cap Blend Equities, while GLD is Gold. JCTR tracks JPMorgan Asset Management Carbon Transition U.S. Equity Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.15% for JCTR and 0.40% for GLD.