USDC-USD vs. GLD
Compare and contrast key facts about USDCoin (USDC-USD) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USDC-USD or GLD.
Key characteristics
| USDC-USD | GLD | |
|---|---|---|
| YTD Return | 0.01% | 11.40% |
| 1Y Return | 0.01% | 11.83% |
| 3Y Return (Ann) | -0.12% | 8.54% |
| 5Y Return (Ann) | -0.26% | 12.05% |
| Sharpe Ratio | 0.04 | 1.02 |
| Daily Std Dev | 0.25% | 12.31% |
| Max Drawdown | -19.18% | -45.56% |
| Current Drawdown | -3.39% | -3.73% |
Correlation
The correlation between USDC-USD and GLD is 0.00, 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
USDC-USD vs. GLD - Performance Comparison
In the year-to-date period, USDC-USD achieves a 0.01% return, which is significantly lower than GLD's 11.40% 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
USDC-USD vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
Drawdowns
USDC-USD vs. GLD - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -19.18%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for USDC-USD and GLD. For additional features, visit the drawdowns tool.
Volatility
USDC-USD vs. GLD - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.10%, while SPDR Gold Trust (GLD) has a volatility of 5.22%. This indicates that USDC-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.