NASD.L vs. GLD
NASD.L (Lyxor Nasdaq-100 Ucits ETF Acc USD) and GLD (SPDR Gold Shares) are both exchange-traded funds - NASD.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, NASD.L returned 23.15%/yr vs 11.25%/yr for GLD. At a correlation of -0.03, they often move in opposite directions. NASD.L charges 0.30%/yr vs 0.40%/yr for GLD.
Performance
NASD.L vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, NASD.L achieves a 16.24% return, which is significantly higher than GLD's -7.67% return. Over the past 10 years, NASD.L has outperformed GLD with an annualized return of 23.15%, while GLD has yielded a comparatively lower 11.25% annualized return.
NASD.L
- 1D
- 0.23%
- 1M
- -0.41%
- YTD
- 16.24%
- 6M
- 15.51%
- 1Y
- 33.55%
- 3Y*
- 26.32%
- 5Y*
- 16.10%
- 10Y*
- 23.15%
GLD
- 1D
- -3.02%
- 1M
- -11.58%
- YTD
- -7.67%
- 6M
- -11.17%
- 1Y
- 19.51%
- 3Y*
- 27.10%
- 5Y*
- 17.04%
- 10Y*
- 11.25%
NASD.L vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NASD.L Lyxor Nasdaq-100 Ucits ETF Acc USD | 16.24% | 19.86% | 26.83% | 56.40% | -33.39% | 28.25% | 48.47% | 58.31% | 4.62% | 16.51% |
GLD SPDR Gold Shares | -7.67% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between NASD.L and GLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.03 |
The correlation between NASD.L and GLD shifts across timeframes, from -0.03 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NASD.L vs. GLD — Risk / Return Rank
NASD.L
GLD
NASD.L vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Nasdaq-100 Ucits ETF Acc USD (NASD.L) 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.
| NASD.L | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.75 | +2.31 |
| Martin ratioReturn relative to average drawdown | 10.64 | 2.12 | +8.53 |
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Drawdowns
NASD.L vs. GLD - Drawdown Comparison
The maximum NASD.L drawdown since its inception was -41.96%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for NASD.L and GLD.
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Drawdown Indicators
| NASD.L | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.96% | -45.56% | +3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -26.21% | +15.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -26.21% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -35.01% | -26.21% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.01% | -26.21% | -8.80% |
Current DrawdownCurrent decline from peak | -3.63% | -26.21% | +22.58% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -16.17% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 9.24% | -6.10% |
Volatility
NASD.L vs. GLD - Volatility Comparison
The current volatility for Lyxor Nasdaq-100 Ucits ETF Acc USD (NASD.L) is 6.73%, while SPDR Gold Shares (GLD) has a volatility of 8.58%. This indicates that NASD.L 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.
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Volatility by Period
| NASD.L | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 8.58% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 24.57% | -11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 27.75% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.64% | 18.30% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 16.07% | +5.55% |
NASD.L vs. GLD - Expense Ratio Comparison
NASD.L has a 0.30% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
NASD.L vs. GLD - Dividend Comparison
Neither NASD.L nor GLD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NASD.L Lyxor Nasdaq-100 Ucits ETF Acc USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.66% | 0.69% | 0.87% |
Frequently Asked Questions
NASD.L and GLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NASD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NASD.L is cheaper with a 0.30% expense ratio, compared with 0.40% for GLD.
NASD.L is categorized as Nasdaq-100, while GLD is Gold. NASD.L tracks NASDAQ-100 Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.30% for NASD.L and 0.40% for GLD.
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