TFPM vs. GLDM
Compare and contrast key facts about Triple Flag Precious Metals Corp (TFPM) 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: TFPM or GLDM.
Key characteristics
| TFPM | GLDM | |
|---|---|---|
| YTD Return | 23.51% | 13.30% |
| 1Y Return | 10.55% | 16.17% |
| Sharpe Ratio | 0.35 | 1.30 |
| Daily Std Dev | 29.13% | 12.29% |
| Max Drawdown | -36.24% | -21.63% |
| Current Drawdown | -3.45% | -2.19% |
Correlation
The correlation between TFPM and GLDM is 0.36, 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
TFPM vs. GLDM - Performance Comparison
In the year-to-date period, TFPM achieves a 23.51% return, which is significantly higher than GLDM's 13.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TFPM vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) 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.
Dividends
TFPM vs. GLDM - Dividend Comparison
TFPM's dividend yield for the trailing twelve months is around 1.27%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
TFPM Triple Flag Precious Metals Corp | 1.27% | 1.54% | 1.42% | 0.39% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TFPM vs. GLDM - Drawdown Comparison
The maximum TFPM drawdown since its inception was -36.24%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for TFPM and GLDM. For additional features, visit the drawdowns tool.
Volatility
TFPM vs. GLDM - Volatility Comparison
Triple Flag Precious Metals Corp (TFPM) has a higher volatility of 9.42% compared to SPDR Gold MiniShares Trust (GLDM) at 4.72%. This indicates that TFPM'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.