LHX vs. GLDM
Compare and contrast key facts about L3Harris Technologies, Inc. (LHX) and SPDR Gold MiniShares Trust (GLDM).
GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LHX or GLDM.
Key characteristics
| LHX | GLDM | |
|---|---|---|
| YTD Return | 26.21% | 25.93% |
| 1Y Return | 45.47% | 33.44% |
| 3Y Return (Ann) | 8.22% | 11.63% |
| 5Y Return (Ann) | 7.70% | 11.97% |
| Sharpe Ratio | 2.59 | 2.34 |
| Sortino Ratio | 3.61 | 3.08 |
| Omega Ratio | 1.46 | 1.41 |
| Calmar Ratio | 1.59 | 5.09 |
| Martin Ratio | 15.99 | 15.13 |
| Ulcer Index | 2.93% | 2.26% |
| Daily Std Dev | 18.05% | 14.62% |
| Max Drawdown | -65.67% | -21.63% |
| Current Drawdown | -0.95% | -6.72% |
Correlation
The correlation between LHX and GLDM is 0.05, 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
LHX vs. GLDM - Performance Comparison
The year-to-date returns for both stocks are quite close, with LHX having a 26.21% return and GLDM slightly lower at 25.93%. 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
LHX vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and SPDR Gold MiniShares Trust (GLDM). 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
LHX vs. GLDM - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.77%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 1.77% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% | 2.48% | 2.26% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LHX vs. GLDM - Drawdown Comparison
The maximum LHX drawdown since its inception was -65.67%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for LHX and GLDM. For additional features, visit the drawdowns tool.
Volatility
LHX vs. GLDM - Volatility Comparison
L3Harris Technologies, Inc. (LHX) has a higher volatility of 6.24% compared to SPDR Gold MiniShares Trust (GLDM) at 5.40%. This indicates that LHX's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.