QGLDX vs. SPY
Compare and contrast key facts about The Gold Bullion Strategy Fund Investor Class (QGLDX) and State Street SPDR S&P 500 ETF (SPY).
QGLDX is managed by Quantified Funds. It was launched on Apr 19, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
QGLDX vs. SPY - Performance Comparison
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QGLDX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QGLDX The Gold Bullion Strategy Fund Investor Class | 4.26% | 59.91% | 24.52% | 10.39% | -4.64% | -6.25% | 19.35% | 17.03% | -4.07% | 11.44% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, QGLDX achieves a 4.26% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, QGLDX has underperformed SPY with an annualized return of 10.94%, while SPY has yielded a comparatively higher 13.98% annualized return.
QGLDX
- 1D
- -0.01%
- 1M
- -14.50%
- YTD
- 4.26%
- 6M
- 15.79%
- 1Y
- 41.00%
- 3Y*
- 28.74%
- 5Y*
- 18.15%
- 10Y*
- 10.94%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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QGLDX vs. SPY - Expense Ratio Comparison
QGLDX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
QGLDX vs. SPY — Risk / Return Rank
QGLDX
SPY
QGLDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gold Bullion Strategy Fund Investor Class (QGLDX) and State Street SPDR S&P 500 ETF (SPY). 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.
| QGLDX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.93 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.45 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.53 | +0.75 |
Martin ratioReturn relative to average drawdown | 8.43 | 7.30 | +1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QGLDX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.93 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.69 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.78 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.56 | -0.03 |
Correlation
The correlation between QGLDX and SPY is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
QGLDX vs. SPY - Dividend Comparison
QGLDX's dividend yield for the trailing twelve months is around 58.07%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QGLDX The Gold Bullion Strategy Fund Investor Class | 58.07% | 60.49% | 28.70% | 10.20% | 0.00% | 0.00% | 9.92% | 14.32% | 1.23% | 5.75% | 2.08% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
QGLDX vs. SPY - Drawdown Comparison
The maximum QGLDX drawdown since its inception was -27.17%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QGLDX and SPY.
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Drawdown Indicators
| QGLDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.17% | -55.19% | +28.02% |
Max Drawdown (1Y)Largest decline over 1 year | -19.22% | -12.05% | -7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -24.50% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -27.17% | -33.72% | +6.55% |
Current DrawdownCurrent decline from peak | -16.52% | -6.24% | -10.28% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -9.09% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 2.52% | +2.67% |
Volatility
QGLDX vs. SPY - Volatility Comparison
The Gold Bullion Strategy Fund Investor Class (QGLDX) has a higher volatility of 10.16% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that QGLDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QGLDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 5.31% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 23.91% | 9.47% | +14.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.56% | 19.05% | +8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 17.06% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 17.92% | -1.58% |