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TUSD-USD vs. GLD
Performance
Return for Risk
Drawdowns
Volatility

Performance

TUSD-USD vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueUSD (TUSD-USD) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TUSD-USD achieves a 0.24% return, which is significantly higher than GLD's -0.02% return.


TUSD-USD

1D
-0.00%
1M
0.08%
YTD
0.24%
6M
2.05%
1Y
-1.09%
3Y*
-0.03%
5Y*
-0.03%
10Y*

GLD

1D
-3.65%
1M
-8.06%
YTD
-0.02%
6M
2.54%
1Y
28.10%
3Y*
29.53%
5Y*
17.47%
10Y*
12.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUSD-USD vs. GLD - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
TUSD-USD
TrueUSD
0.24%-2.00%0.96%0.74%0.10%-0.06%-0.33%-1.19%0.31%
GLD
SPDR Gold Shares
-0.02%63.68%26.66%12.69%-0.77%-4.15%24.81%17.86%-4.17%

Correlation

The correlation between TUSD-USD and GLD is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2018

0.01

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TrueUSD

SPDR Gold Shares

Return for Risk

TUSD-USD vs. GLD — Risk / Return Rank

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

TUSD-USD
TUSD-USD Risk / Return Rank: 8484
Overall Rank
TUSD-USD Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
TUSD-USD Sortino Ratio Rank: 8080
Sortino Ratio Rank
TUSD-USD Omega Ratio Rank: 8282
Omega Ratio Rank
TUSD-USD Calmar Ratio Rank: 8686
Calmar Ratio Rank
TUSD-USD Martin Ratio Rank: 8787
Martin Ratio Rank

GLD
GLD Risk / Return Rank: 2929
Overall Rank
GLD Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
GLD Sortino Ratio Rank: 2727
Sortino Ratio Rank
GLD Omega Ratio Rank: 3333
Omega Ratio Rank
GLD Calmar Ratio Rank: 2929
Calmar Ratio Rank
GLD Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TUSD-USD vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueUSD (TUSD-USD) 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.


TUSD-USDGLDDifference
Sharpe ratioReturn per unit of total volatility

-1.09

Sortino ratioReturn per unit of downside risk

-1.30

Omega ratioGain probability vs. loss probability

1.02

1.21

-0.19

Calmar ratioReturn relative to maximum drawdown

-0.08

1.40

-1.49

Martin ratioReturn relative to average drawdown

-0.13

3.56

-3.69

TUSD-USD vs. GLD - Sharpe Ratio Comparison

The current TUSD-USD Sharpe Ratio is -0.04, which is lower than the GLD Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of TUSD-USD and GLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


TUSD-USDGLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.04

1.05

-1.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.00

0.97

-0.97

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.01

0.59

-0.60

Drawdowns

TUSD-USD vs. GLD - Drawdown Comparison

The maximum TUSD-USD drawdown since its inception was -13.32%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for TUSD-USD and GLD.


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Drawdown Indicators


TUSD-USDGLDDifference

Max Drawdown

Largest peak-to-trough decline

-13.32%

-45.56%

+32.24%

Max Drawdown (1Y)

Largest decline over 1 year

-13.32%

-20.10%

+6.78%

Max Drawdown (3Y)

Largest decline over 3 years

-13.32%

-20.10%

+6.78%

Max Drawdown (5Y)

Largest decline over 5 years

-13.32%

-21.03%

+7.71%

Max Drawdown (10Y)

Largest decline over 10 years

-22.00%

Current Drawdown

Current decline from peak

-9.05%

-20.10%

+11.05%

Average Drawdown

Average peak-to-trough decline

-7.74%

-16.16%

+8.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.88%

7.91%

-3.03%

Volatility

TUSD-USD vs. GLD - Volatility Comparison

The current volatility for TrueUSD (TUSD-USD) is 0.28%, while SPDR Gold Shares (GLD) has a volatility of 5.66%. This indicates that TUSD-USD 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.


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Volatility by Period


TUSD-USDGLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.28%

5.66%

-5.38%

Volatility (6M)

Calculated over the trailing 6-month period

12.90%

23.47%

-10.57%

Volatility (1Y)

Calculated over the trailing 1-year period

22.16%

26.86%

-4.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.10%

18.07%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.22%

16.00%

-0.78%

Frequently Asked Questions


TUSD-USD and GLD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GLD has higher volatility (5.66%) compared to TUSD-USD (0.28%). In terms of maximum drawdown, TUSD-USD dropped -13.32% vs GLD's -45.56%.

GLD currently has the higher Sharpe Ratio (1.05 vs -0.04), 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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