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RIET vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RIET vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
-7.83%
51.03%
RIET
GLD

Returns By Period

In the year-to-date period, RIET achieves a 6.50% return, which is significantly lower than GLD's 30.69% return.


RIET

YTD

6.50%

1M

-1.24%

6M

12.42%

1Y

21.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

GLD

YTD

30.69%

1M

-0.41%

6M

15.71%

1Y

35.37%

5Y (annualized)

12.67%

10Y (annualized)

8.05%

Key characteristics


RIETGLD
Sharpe Ratio1.212.38
Sortino Ratio1.733.14
Omega Ratio1.221.41
Calmar Ratio0.794.36
Martin Ratio3.9113.99
Ulcer Index5.41%2.53%
Daily Std Dev17.49%14.89%
Max Drawdown-34.55%-45.56%
Current Drawdown-11.33%-2.97%

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RIET vs. GLD - Expense Ratio Comparison

RIET has a 0.50% expense ratio, which is higher than GLD's 0.40% expense ratio.


RIET
Hoya Capital High Dividend Yield ETF
Expense ratio chart for RIET: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.00.2

The correlation between RIET and GLD is 0.19, 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.

Risk-Adjusted Performance

RIET vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) and SPDR Gold Trust (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.


Sharpe ratio
The chart of Sharpe ratio for RIET, currently valued at 1.21, compared to the broader market0.002.004.001.212.38
The chart of Sortino ratio for RIET, currently valued at 1.73, compared to the broader market-2.000.002.004.006.008.0010.0012.001.733.14
The chart of Omega ratio for RIET, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.41
The chart of Calmar ratio for RIET, currently valued at 0.79, compared to the broader market0.005.0010.0015.000.794.36
The chart of Martin ratio for RIET, currently valued at 3.91, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.9113.99
RIET
GLD

The current RIET Sharpe Ratio is 1.21, which is lower than the GLD Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of RIET and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.21
2.38
RIET
GLD

Dividends

RIET vs. GLD - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 9.64%, while GLD has not paid dividends to shareholders.


TTM202320222021
RIET
Hoya Capital High Dividend Yield ETF
9.64%9.38%9.38%2.01%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%

Drawdowns

RIET vs. GLD - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.55%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for RIET and GLD. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-11.33%
-2.97%
RIET
GLD

Volatility

RIET vs. GLD - Volatility Comparison

The current volatility for Hoya Capital High Dividend Yield ETF (RIET) is 4.17%, while SPDR Gold Trust (GLD) has a volatility of 5.72%. This indicates that RIET 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.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.17%
5.72%
RIET
GLD