SPGP.L vs. GLD
Compare and contrast key facts about iShares Gold Producers UCITS ETF (SPGP.L) and SPDR Gold Trust (GLD).
SPGP.L and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both SPGP.L and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPGP.L or GLD.
Key characteristics
| SPGP.L | GLD | |
|---|---|---|
| YTD Return | 15.50% | 23.98% |
| 1Y Return | 25.72% | 30.48% |
| 3Y Return (Ann) | 3.09% | 10.84% |
| 5Y Return (Ann) | 6.83% | 11.42% |
| 10Y Return (Ann) | 10.19% | 7.60% |
| Sharpe Ratio | 0.84 | 2.04 |
| Sortino Ratio | 1.32 | 2.74 |
| Omega Ratio | 1.16 | 1.36 |
| Calmar Ratio | 0.52 | 3.79 |
| Martin Ratio | 3.28 | 12.68 |
| Ulcer Index | 7.07% | 2.38% |
| Daily Std Dev | 27.41% | 14.77% |
| Max Drawdown | -79.54% | -45.56% |
| Current Drawdown | -24.08% | -7.96% |
Correlation
The correlation between SPGP.L and GLD is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPGP.L vs. GLD - Performance Comparison
In the year-to-date period, SPGP.L achieves a 15.50% return, which is significantly lower than GLD's 23.98% return. Over the past 10 years, SPGP.L has outperformed GLD with an annualized return of 10.19%, while GLD has yielded a comparatively lower 7.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPGP.L vs. GLD - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
SPGP.L vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.L) 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.
Dividends
SPGP.L vs. GLD - Dividend Comparison
Neither SPGP.L nor GLD has paid dividends to shareholders.
Drawdowns
SPGP.L vs. GLD - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SPGP.L and GLD. For additional features, visit the drawdowns tool.
Volatility
SPGP.L vs. GLD - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 8.63% compared to SPDR Gold Trust (GLD) at 5.43%. This indicates that SPGP.L'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.