MYCL vs. GLD

Last updated Jun 4, 2026

MYCL (State Street My2032 Corporate Bond ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - MYCL is a Corporate Bonds fund actively managed by State Street, while GLD is a Gold fund tracking the LBMA Gold Price PM. MYCL is actively managed, while GLD is passively managed. Over the past year, MYCL returned 6.13% vs 32.04% for GLD. At a 0.23 correlation, their price movements are largely independent. MYCL charges 0.15%/yr vs 0.40%/yr for GLD.

Performance

MYCL vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2032 Corporate Bond ETF (MYCL) 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, MYCL achieves a 0.19% return, which is significantly lower than GLD's 2.92% return.

MYCL

• 1D: -0.24%
• 1M: 0.10%
• YTD: 0.19%
• 6M: 0.17%
• 1Y: 6.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLD

• 1D: -0.99%
• 1M: -1.65%
• YTD: 2.92%
• 6M: 5.43%
• 1Y: 32.04%
• 3Y*: 31.09%
• 5Y*: 18.15%
• 10Y*: 13.12%

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

MYCL vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCL State Street My2032 Corporate Bond ETF	0.19%	9.03%	-2.98%
GLD SPDR Gold Shares	2.92%	63.68%	-1.60%

Correlation

The correlation between MYCL and GLD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.23

Return for Risk

MYCL vs. GLD — Risk / Return Rank

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

MYCL

MYCL Risk / Return Rank: 47
MYCL Sharpe Ratio Rank: 47
MYCL Sortino Ratio Rank: 49
MYCL Omega Ratio Rank: 46
MYCL Calmar Ratio Rank: 46
MYCL Martin Ratio Rank: 45

GLD

GLD Risk / Return Rank: 32
GLD Sharpe Ratio Rank: 32
GLD Sortino Ratio Rank: 29
GLD Omega Ratio Rank: 35
GLD Calmar Ratio Rank: 33
GLD Martin Ratio Rank: 28

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.

MYCL vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2032 Corporate Bond ETF (MYCL) 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.

	MYCL	GLD	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.21	+0.39
Sortino ratio: Return per unit of downside risk	2.38	1.60	+0.77
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	2.22	1.68	+0.54
Martin ratio: Return relative to average drawdown	7.16	4.15	+3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYCL vs. GLD - Sharpe Ratio Comparison

The current MYCL Sharpe Ratio is 1.60, which is higher than the GLD Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of MYCL 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.

Sharpe Ratios by Period

	MYCL	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.21	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.60	+0.12

Drawdowns

MYCL vs. GLD - Drawdown Comparison

The maximum MYCL drawdown since its inception was -4.39%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for MYCL and GLD.

Drawdown Indicators

	MYCL	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-4.39%	-45.56%	+41.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-19.21%	+16.44%
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	-1.51%	-17.75%	+16.24%
Average Drawdown Average peak-to-trough decline	-1.06%	-16.16%	+15.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	7.73%	-6.87%

Volatility

MYCL vs. GLD - Volatility Comparison

The current volatility for State Street My2032 Corporate Bond ETF (MYCL) is 1.24%, while SPDR Gold Shares (GLD) has a volatility of 5.51%. This indicates that MYCL 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

	MYCL	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	5.51%	-4.27%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	23.16%	-20.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	26.61%	-22.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.88%	18.00%	-13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.88%	15.95%	-11.07%

MYCL vs. GLD - Expense Ratio Comparison

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

Dividends

MYCL vs. GLD - Dividend Comparison

MYCL's dividend yield for the trailing twelve months is around 4.66%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024
GLD SPDR Gold Shares	0.00%	0.00%	0.00%
MYCL State Street My2032 Corporate Bond ETF	4.66%	4.60%	1.27%

Frequently Asked Questions

Can I hold both MYCL and GLD in my portfolio?

MYCL and GLD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCL or GLD?

GLD has higher volatility (5.51%) compared to MYCL (1.24%). In terms of maximum drawdown, MYCL dropped -4.39% vs GLD's -45.56%.

Which ETF is better, MYCL or GLD?

On 1-year performance, GLD leads with 32.04% vs 6.13% for MYCL. On fees, MYCL is cheaper at 0.15% per year. On volatility, MYCL has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCL or GLD?

Over the 1-year period, GLD has performed better with a 32.04% return vs 6.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCL or GLD?

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

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

MYCL has the higher dividend yield at 4.66%, compared with 0.00% for GLD.

What is the main difference between MYCL and GLD?

MYCL is categorized as Corporate Bonds, while GLD is Gold. Their fees differ too: 0.15% for MYCL and 0.40% for GLD.

Which has better risk-adjusted returns?

MYCL currently has the higher Sharpe Ratio (1.60 vs 1.21), 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.