SA vs. GLDM
Compare and contrast key facts about Seabridge Gold Inc. (SA) 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: SA or GLDM.
Correlation
The correlation between SA and GLDM is 0.07, 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.
Performance
SA vs. GLDM - Performance Comparison
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Key characteristics
SA:
-0.35
GLDM:
2.42
SA:
-0.14
GLDM:
3.34
SA:
0.98
GLDM:
1.43
SA:
-0.22
GLDM:
5.40
SA:
-0.57
GLDM:
14.50
SA:
28.78%
GLDM:
3.01%
SA:
50.95%
GLDM:
17.49%
SA:
-90.99%
GLDM:
-21.63%
SA:
-67.41%
GLDM:
-2.79%
Returns By Period
In the year-to-date period, SA achieves a 10.60% return, which is significantly lower than GLDM's 26.81% return.
SA
10.60%
13.08%
-24.70%
-17.25%
-1.79%
7.39%
GLDM
26.81%
4.98%
23.91%
40.70%
14.33%
N/A
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Risk-Adjusted Performance
SA vs. GLDM — Risk-Adjusted Performance Rank
SA
GLDM
SA vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Seabridge Gold Inc. (SA) 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.
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Dividends
SA vs. GLDM - Dividend Comparison
Neither SA nor GLDM has paid dividends to shareholders.
Drawdowns
SA vs. GLDM - Drawdown Comparison
The maximum SA drawdown since its inception was -90.99%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SA and GLDM. For additional features, visit the drawdowns tool.
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Volatility
SA vs. GLDM - Volatility Comparison
Seabridge Gold Inc. (SA) has a higher volatility of 15.51% compared to SPDR Gold MiniShares Trust (GLDM) at 8.55%. This indicates that SA'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.
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