PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
OR vs. GLDM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OR and GLDM is 0.06, 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.

OR vs. GLDM

Last updated Jun 1, 2025

Compare and contrast key facts about Osisko Gold Royalties Ltd (OR) 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: OR or GLDM.

Performance

OR vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osisko Gold Royalties Ltd (OR) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

OR:

1.81

GLDM:

2.29

Sortino Ratio

OR:

2.35

GLDM:

2.98

Omega Ratio

OR:

1.30

GLDM:

1.38

Calmar Ratio

OR:

3.87

GLDM:

4.89

Martin Ratio

OR:

8.16

GLDM:

13.41

Ulcer Index

OR:

7.05%

GLDM:

2.95%

Daily Std Dev

OR:

31.64%

GLDM:

17.87%

Max Drawdown

OR:

-61.96%

GLDM:

-21.63%

Current Drawdown

OR:

0.00%

GLDM:

-3.80%

Returns By Period

In the year-to-date period, OR achieves a 41.52% return, which is significantly higher than GLDM's 25.49% return.

OR

YTD

41.52%

1M

8.95%

6M

32.51%

1Y

55.11%

3Y*

33.28%

5Y*

22.78%

10Y*

N/A

GLDM

YTD

25.49%

1M

2.07%

6M

23.80%

1Y

41.43%

3Y*

21.40%

5Y*

13.56%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Osisko Gold Royalties Ltd

SPDR Gold MiniShares Trust

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

OR vs. GLDM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OR
The Risk-Adjusted Performance Rank of OR is 9292
Overall Rank
The Sharpe Ratio Rank of OR is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of OR is 8989
Sortino Ratio Rank
The Omega Ratio Rank of OR is 8787
Omega Ratio Rank
The Calmar Ratio Rank of OR is 9898
Calmar Ratio Rank
The Martin Ratio Rank of OR is 9292
Martin Ratio Rank
GLDM
The Risk-Adjusted Performance Rank of GLDM is 9595
Overall Rank
The Sharpe Ratio Rank of GLDM is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of GLDM is 9595
Sortino Ratio Rank
The Omega Ratio Rank of GLDM is 9393
Omega Ratio Rank
The Calmar Ratio Rank of GLDM is 9797
Calmar Ratio Rank
The Martin Ratio Rank of GLDM is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OR vs. GLDM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Osisko Gold Royalties Ltd (OR) 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.

The current OR Sharpe Ratio is 1.81, which is comparable to the GLDM Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of OR and GLDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

OR vs. GLDM - Dividend Comparison

OR's dividend yield for the trailing twelve months is around 0.73%, while GLDM has not paid dividends to shareholders.

TTM202420232022202120202019201820172016
OR
Osisko Gold Royalties Ltd		0.73%1.02%1.23%1.84%1.82%1.18%1.56%1.72%1.21%1.65%
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%

Drawdowns

OR vs. GLDM - Drawdown Comparison

The maximum OR drawdown since its inception was -61.96%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for OR and GLDM.

Loading data...

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

OR vs. GLDM - Volatility Comparison

Osisko Gold Royalties Ltd (OR) has a higher volatility of 12.24% compared to SPDR Gold MiniShares Trust (GLDM) at 7.85%. This indicates that OR'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.

Loading data...