OR vs. GLDM
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.
Key characteristics
| OR | GLDM | |
|---|---|---|
| YTD Return | 31.29% | 24.30% |
| 1Y Return | 54.41% | 30.82% |
| 3Y Return (Ann) | 12.57% | 11.17% |
| 5Y Return (Ann) | 18.67% | 11.71% |
| Sharpe Ratio | 1.83 | 2.08 |
| Sortino Ratio | 2.44 | 2.79 |
| Omega Ratio | 1.30 | 1.36 |
| Calmar Ratio | 1.79 | 3.85 |
| Martin Ratio | 11.54 | 12.92 |
| Ulcer Index | 4.69% | 2.36% |
| Daily Std Dev | 29.61% | 14.64% |
| Max Drawdown | -61.96% | -21.63% |
| Current Drawdown | -11.90% | -7.93% |
Correlation
The correlation between OR and GLDM is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OR vs. GLDM - Performance Comparison
In the year-to-date period, OR achieves a 31.29% return, which is significantly higher than GLDM's 24.30% return. 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
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.
Dividends
OR vs. GLDM - Dividend Comparison
OR's dividend yield for the trailing twelve months is around 0.99%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
OR Osisko Gold Royalties Ltd | 0.99% | 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% |
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. For additional features, visit the drawdowns tool.
Volatility
OR vs. GLDM - Volatility Comparison
Osisko Gold Royalties Ltd (OR) has a higher volatility of 9.24% compared to SPDR Gold MiniShares Trust (GLDM) at 5.41%. 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.