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

Correlation

The correlation between SPSK and GLD is 0.22, 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.


-0.50.00.51.00.2

Performance

SPSK vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds Dow Jones Global Sukuk ETF (SPSK) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
0.55%
69.74%
SPSK
GLD

Key characteristics

Sharpe Ratio

SPSK:

0.42

GLD:

1.91

Sortino Ratio

SPSK:

0.66

GLD:

2.53

Omega Ratio

SPSK:

1.08

GLD:

1.33

Calmar Ratio

SPSK:

0.39

GLD:

3.54

Martin Ratio

SPSK:

2.75

GLD:

10.08

Ulcer Index

SPSK:

1.03%

GLD:

2.85%

Daily Std Dev

SPSK:

6.71%

GLD:

15.01%

Max Drawdown

SPSK:

-12.83%

GLD:

-45.56%

Current Drawdown

SPSK:

-3.12%

GLD:

-5.98%

Returns By Period

In the year-to-date period, SPSK achieves a 2.44% return, which is significantly lower than GLD's 26.64% return.


SPSK

YTD

2.44%

1M

0.01%

6M

2.03%

1Y

2.77%

5Y*

N/A

10Y*

N/A

GLD

YTD

26.64%

1M

-1.03%

6M

12.72%

1Y

27.80%

5Y*

11.67%

10Y*

7.96%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPSK vs. GLD - Expense Ratio Comparison

SPSK has a 0.65% expense ratio, which is higher than GLD's 0.40% expense ratio.


SPSK
SP Funds Dow Jones Global Sukuk ETF
Expense ratio chart for SPSK: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
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%

Risk-Adjusted Performance

SPSK vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) 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 SPSK, currently valued at 0.42, compared to the broader market0.002.004.000.421.91
The chart of Sortino ratio for SPSK, currently valued at 0.66, compared to the broader market-2.000.002.004.006.008.0010.000.662.53
The chart of Omega ratio for SPSK, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.001.081.33
The chart of Calmar ratio for SPSK, currently valued at 0.39, compared to the broader market0.005.0010.0015.000.393.54
The chart of Martin ratio for SPSK, currently valued at 2.75, compared to the broader market0.0020.0040.0060.0080.00100.002.7510.08
SPSK
GLD

The current SPSK Sharpe Ratio is 0.42, which is lower than the GLD Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SPSK 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 Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.42
1.91
SPSK
GLD

Dividends

SPSK vs. GLD - Dividend Comparison

SPSK's dividend yield for the trailing twelve months is around 2.94%, while GLD has not paid dividends to shareholders.


TTM2023202220212020
SPSK
SP Funds Dow Jones Global Sukuk ETF
2.94%2.95%2.22%2.56%1.78%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%

Drawdowns

SPSK vs. GLD - Drawdown Comparison

The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SPSK and GLD. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.12%
-5.98%
SPSK
GLD

Volatility

SPSK vs. GLD - Volatility Comparison

The current volatility for SP Funds Dow Jones Global Sukuk ETF (SPSK) is 1.52%, while SPDR Gold Trust (GLD) has a volatility of 5.21%. This indicates that SPSK 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.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.52%
5.21%
SPSK
GLD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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