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

Correlation

The correlation between SLX and GLD is 0.06, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

SLX vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Steel ETF (SLX) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%300.00%350.00%400.00%450.00%NovemberDecember2025FebruaryMarchApril
147.72%
415.01%
SLX
GLD

Key characteristics

Sharpe Ratio

SLX:

-0.40

GLD:

2.49

Sortino Ratio

SLX:

-0.42

GLD:

3.30

Omega Ratio

SLX:

0.95

GLD:

1.43

Calmar Ratio

SLX:

-0.39

GLD:

5.14

Martin Ratio

SLX:

-0.99

GLD:

14.01

Ulcer Index

SLX:

10.85%

GLD:

2.98%

Daily Std Dev

SLX:

26.89%

GLD:

16.80%

Max Drawdown

SLX:

-82.14%

GLD:

-45.56%

Current Drawdown

SLX:

-16.80%

GLD:

-3.44%

Returns By Period

In the year-to-date period, SLX achieves a 2.91% return, which is significantly lower than GLD's 25.85% return. Over the past 10 years, SLX has underperformed GLD with an annualized return of 9.68%, while GLD has yielded a comparatively higher 10.22% annualized return.


SLX

YTD

2.91%

1M

-5.51%

6M

-7.30%

1Y

-10.58%

5Y*

26.30%

10Y*

9.68%

GLD

YTD

25.85%

1M

8.07%

6M

20.29%

1Y

40.67%

5Y*

13.58%

10Y*

10.22%

*Annualized

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SLX vs. GLD - Expense Ratio Comparison

SLX has a 0.56% expense ratio, which is higher than GLD's 0.40% expense ratio.


Expense ratio chart for SLX: current value is 0.56%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SLX: 0.56%
Expense ratio chart for GLD: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GLD: 0.40%

Risk-Adjusted Performance

SLX vs. GLD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLX
The Risk-Adjusted Performance Rank of SLX is 66
Overall Rank
The Sharpe Ratio Rank of SLX is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of SLX is 77
Sortino Ratio Rank
The Omega Ratio Rank of SLX is 77
Omega Ratio Rank
The Calmar Ratio Rank of SLX is 44
Calmar Ratio Rank
The Martin Ratio Rank of SLX is 66
Martin Ratio Rank

GLD
The Risk-Adjusted Performance Rank of GLD is 9696
Overall Rank
The Sharpe Ratio Rank of GLD is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of GLD is 9696
Sortino Ratio Rank
The Omega Ratio Rank of GLD is 9595
Omega Ratio Rank
The Calmar Ratio Rank of GLD is 9797
Calmar Ratio Rank
The Martin Ratio Rank of GLD is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SLX vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) 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.


The chart of Sharpe ratio for SLX, currently valued at -0.40, compared to the broader market-1.000.001.002.003.004.00
SLX: -0.40
GLD: 2.49
The chart of Sortino ratio for SLX, currently valued at -0.41, compared to the broader market-2.000.002.004.006.008.00
SLX: -0.42
GLD: 3.30
The chart of Omega ratio for SLX, currently valued at 0.95, compared to the broader market0.501.001.502.00
SLX: 0.95
GLD: 1.43
The chart of Calmar ratio for SLX, currently valued at -0.39, compared to the broader market0.002.004.006.008.0010.0012.00
SLX: -0.39
GLD: 5.14
The chart of Martin ratio for SLX, currently valued at -0.99, compared to the broader market0.0020.0040.0060.00
SLX: -0.99
GLD: 14.01

The current SLX Sharpe Ratio is -0.40, which is lower than the GLD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SLX 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 Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.40
2.49
SLX
GLD

Dividends

SLX vs. GLD - Dividend Comparison

SLX's dividend yield for the trailing twelve months is around 3.45%, while GLD has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
SLX
VanEck Vectors Steel ETF
3.45%3.55%2.80%4.97%7.07%1.87%2.77%6.26%2.44%1.06%5.35%3.27%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SLX vs. GLD - Drawdown Comparison

The maximum SLX drawdown since its inception was -82.14%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SLX and GLD. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.80%
-3.44%
SLX
GLD

Volatility

SLX vs. GLD - Volatility Comparison

VanEck Vectors Steel ETF (SLX) has a higher volatility of 15.76% compared to SPDR Gold Trust (GLD) at 8.30%. This indicates that SLX'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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.76%
8.30%
SLX
GLD