KGC vs. GLD
KGC (Kinross Gold Corporation) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, KGC returned 16.68%/yr vs 11.05%/yr for GLD. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
KGC vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, KGC achieves a -17.75% return, which is significantly lower than GLD's -6.25% return. Over the past 10 years, KGC has outperformed GLD with an annualized return of 16.68%, while GLD has yielded a comparatively lower 11.05% annualized return.
KGC
- 1D
- -2.20%
- 1M
- -6.52%
- 6M
- -26.61%
- YTD
- -17.75%
- 1Y
- 43.30%
- 3Y*
- 71.30%
- 5Y*
- 30.97%
- 10Y*
- 16.68%
- ALL TIME*
- 4.99%
GLD
- 1D
- -1.49%
- 1M
- -1.74%
- 6M
- -16.50%
- YTD
- -6.25%
- 1Y
- 20.20%
- 3Y*
- 27.22%
- 5Y*
- 16.95%
- 10Y*
- 11.05%
- ALL TIME*
- 10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.38B | $2.40B | $2.72B | |
| $162.18M | $178.21M | $212.46M |
KGC vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KGC Kinross Gold Corporation | -17.75% | 206.11% | 55.63% | 51.83% | -27.59% | -19.00% | 56.04% | 46.30% | -25.00% | 38.91% |
GLD SPDR Gold Shares | -6.25% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between KGC and GLD is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.67 |
The correlation between KGC and GLD has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
KGC vs. GLD — Risk / Return Rank
KGC
GLD
KGC vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) 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.
| KGC | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.86 | +0.26 |
| Martin ratioReturn relative to average drawdown | 2.49 | 1.86 | +0.62 |
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Drawdowns
KGC vs. GLD - Drawdown Comparison
The maximum KGC drawdown since its inception was -96.00%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for KGC and GLD.
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Drawdown Indicators
| KGC | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -45.56% | -50.44% |
Max Drawdown (1Y)Largest decline over 1 year | -40.66% | -26.40% | -14.26% |
Max Drawdown (3Y)Largest decline over 3 years | -40.66% | -26.40% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -55.22% | -26.40% | -28.82% |
Max Drawdown (10Y)Largest decline over 10 years | -67.75% | -26.40% | -41.35% |
Current DrawdownCurrent decline from peak | -39.16% | -25.08% | -14.08% |
Average DrawdownAverage peak-to-trough decline | -57.51% | -16.21% | -41.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.22% | 12.18% | +6.04% |
Volatility
KGC vs. GLD - Volatility Comparison
Kinross Gold Corporation (KGC) has a higher volatility of 12.31% compared to SPDR Gold Shares (GLD) at 6.40%. This indicates that KGC'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
| KGC | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.31% | 6.40% | +5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 40.64% | 23.52% | +17.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.21% | 28.13% | +24.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.41% | 18.49% | +25.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.87% | 16.14% | +30.73% |
Dividends
KGC vs. GLD - Dividend Comparison
KGC's dividend yield for the trailing twelve months is around 0.63%, 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% |
KGC Kinross Gold Corporation | 0.63% | 0.44% | 1.29% | 1.98% | 2.93% | 2.69% | 0.82% |
Frequently Asked Questions
KGC and GLD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGC has higher volatility (12.31%) compared to GLD (6.40%). In terms of maximum drawdown, KGC dropped -96.00% vs GLD's -45.56%.
KGC currently has the higher Sharpe Ratio (0.87 vs 0.81), 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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