SMCI vs. GLD
SMCI (Super Micro Computer, Inc.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, SMCI returned 27.77%/yr vs 12.15%/yr for GLD. At a 0.04 correlation, their price movements are largely independent.
Performance
SMCI vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, SMCI achieves a 4.07% return, which is significantly higher than GLD's -2.47% return. Over the past 10 years, SMCI has outperformed GLD with an annualized return of 27.77%, while GLD has yielded a comparatively lower 12.15% annualized return.
SMCI
- 1D
- -4.72%
- 1M
- -7.78%
- YTD
- 4.07%
- 6M
- -5.78%
- 1Y
- -26.71%
- 3Y*
- 7.64%
- 5Y*
- 52.73%
- 10Y*
- 27.77%
GLD
- 1D
- 0.06%
- 1M
- -9.52%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
SMCI vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCI Super Micro Computer, Inc. | 4.07% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between SMCI and GLD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2007 | 0.04 |
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Return for Risk
SMCI vs. GLD — Risk / Return Rank
SMCI
GLD
SMCI vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) 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.
| SMCI | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.98 | -1.43 |
| Martin ratioReturn relative to average drawdown | -0.76 | 2.81 | -3.57 |
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Drawdowns
SMCI vs. GLD - Drawdown Comparison
The maximum SMCI drawdown since its inception was -84.84%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SMCI and GLD.
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Drawdown Indicators
| SMCI | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.84% | -45.56% | -39.28% |
Max Drawdown (1Y)Largest decline over 1 year | -66.18% | -24.46% | -41.72% |
Max Drawdown (3Y)Largest decline over 3 years | -84.84% | -24.46% | -60.38% |
Max Drawdown (5Y)Largest decline over 5 years | -84.84% | -24.46% | -60.38% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -24.46% | -60.38% |
Current DrawdownCurrent decline from peak | -74.36% | -22.05% | -52.31% |
Average DrawdownAverage peak-to-trough decline | -31.98% | -16.16% | -15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 8.49% | +30.85% |
Volatility
SMCI vs. GLD - Volatility Comparison
Super Micro Computer, Inc. (SMCI) has a higher volatility of 44.32% compared to SPDR Gold Shares (GLD) at 7.79%. This indicates that SMCI'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
| SMCI | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.32% | 7.79% | +36.53% |
Volatility (6M)Calculated over the trailing 6-month period | 76.32% | 24.10% | +52.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.20% | 27.37% | +57.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.53% | 18.22% | +68.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.19% | 16.08% | +55.11% |
Dividends
SMCI vs. GLD - Dividend Comparison
Neither SMCI nor GLD has paid dividends to shareholders.
Frequently Asked Questions
SMCI and GLD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (44.32%) compared to GLD (7.79%). In terms of maximum drawdown, SMCI dropped -84.84% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.87 vs -0.35), 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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