PPTA vs. GLD
PPTA (Perpetua Resources Corp) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, PPTA returned 22.81%/yr vs 18.28%/yr for GLD. At a 0.42 correlation, their price movements are largely independent.
Performance
PPTA vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, PPTA achieves a -1.69% return, which is significantly higher than GLD's -2.96% return.
PPTA
- 1D
- -2.14%
- 1M
- -6.00%
- YTD
- -1.69%
- 6M
- -14.08%
- 1Y
- 83.22%
- 3Y*
- 87.68%
- 5Y*
- 22.81%
- 10Y*
- —
GLD
- 1D
- -0.65%
- 1M
- -7.06%
- YTD
- -2.96%
- 6M
- -5.79%
- 1Y
- 24.01%
- 3Y*
- 29.23%
- 5Y*
- 18.28%
- 10Y*
- 11.80%
PPTA vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPTA Perpetua Resources Corp | -1.69% | 126.90% | 236.59% | 8.56% | -38.53% | -34.48% |
GLD SPDR Gold Shares | -2.96% | 63.68% | 26.66% | 12.69% | -0.77% | 2.78% |
Correlation
The correlation between PPTA and GLD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2021 | 0.42 |
The correlation between PPTA and GLD shifts across timeframes, from 0.42 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPTA vs. GLD — Risk / Return Rank
PPTA
GLD
PPTA vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perpetua Resources Corp (PPTA) 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.
| PPTA | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.99 | +0.98 |
| Martin ratioReturn relative to average drawdown | 5.01 | 2.68 | +2.33 |
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Drawdowns
PPTA vs. GLD - Drawdown Comparison
The maximum PPTA drawdown since its inception was -81.78%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for PPTA and GLD.
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Drawdown Indicators
| PPTA | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.78% | -45.56% | -36.22% |
Max Drawdown (1Y)Largest decline over 1 year | -42.61% | -24.46% | -18.15% |
Max Drawdown (3Y)Largest decline over 3 years | -42.61% | -24.46% | -18.15% |
Max Drawdown (5Y)Largest decline over 5 years | -80.53% | -24.46% | -56.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.46% | — |
Current DrawdownCurrent decline from peak | -36.06% | -22.45% | -13.61% |
Average DrawdownAverage peak-to-trough decline | -38.68% | -16.16% | -22.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.67% | 8.97% | +7.70% |
Volatility
PPTA vs. GLD - Volatility Comparison
Perpetua Resources Corp (PPTA) has a higher volatility of 21.31% compared to SPDR Gold Shares (GLD) at 8.05%. This indicates that PPTA's price experiences larger fluctuations and is considered to be riskier 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
| PPTA | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.31% | 8.05% | +13.26% |
Volatility (6M)Calculated over the trailing 6-month period | 55.26% | 24.31% | +30.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.32% | 27.56% | +45.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.07% | 18.22% | +53.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.19% | 16.10% | +56.09% |
Dividends
PPTA vs. GLD - Dividend Comparison
Neither PPTA nor GLD has paid dividends to shareholders.
Frequently Asked Questions
PPTA and GLD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTA has higher volatility (21.31%) compared to GLD (8.05%). In terms of maximum drawdown, PPTA dropped -81.78% vs GLD's -45.56%.
PPTA currently has the higher Sharpe Ratio (1.14 vs 0.88), 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.
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