USDC-USD vs. GLD
USDC-USD (USDCoin) is a cryptocurrency, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, USDC-USD returned -0.01%/yr vs 17.27%/yr for GLD. At a 0.03 correlation, their price movements are largely independent.
Performance
USDC-USD vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, USDC-USD achieves a 0.01% return, which is significantly higher than GLD's -6.77% return.
USDC-USD
- 1D
- -0.00%
- 1M
- 0.01%
- YTD
- 0.01%
- 6M
- 0.01%
- 1Y
- -0.02%
- 3Y*
- -0.00%
- 5Y*
- -0.01%
- 10Y*
- —
GLD
- 1D
- 0.97%
- 1M
- -10.76%
- YTD
- -6.77%
- 6M
- -10.31%
- 1Y
- 20.30%
- 3Y*
- 27.44%
- 5Y*
- 17.27%
- 10Y*
- 11.30%
USDC-USD vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USDC-USD USDCoin | 0.01% | -0.03% | -0.02% | 0.02% | -0.01% | 0.03% | -0.40% | -1.26% | 1.24% |
GLD SPDR Gold Shares | -6.77% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | 6.55% |
Correlation
The correlation between USDC-USD and GLD is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2018 | 0.03 |
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Return for Risk
USDC-USD vs. GLD — Risk / Return Rank
USDC-USD
GLD
USDC-USD vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USDC-USD | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.16 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 0.78 | -1.22 |
| Martin ratioReturn relative to average drawdown | -0.89 | 2.17 | -3.06 |
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Drawdowns
USDC-USD vs. GLD - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -6.79%, 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.
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Drawdown Indicators
| USDC-USD | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.79% | -45.56% | +38.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -26.21% | +26.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.11% | -26.21% | +26.10% |
Max Drawdown (5Y)Largest decline over 5 years | -3.32% | -26.21% | +22.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -3.64% | -25.50% | +21.86% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -16.17% | +12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 9.38% | -9.36% |
Volatility
USDC-USD vs. GLD - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.05%, while SPDR Gold Shares (GLD) has a volatility of 8.70%. 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.
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Volatility by Period
| USDC-USD | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 8.70% | -8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 24.48% | -24.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.14% | 27.71% | -27.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 18.30% | -16.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 16.07% | -12.82% |
Frequently Asked Questions
USDC-USD and GLD have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (8.70%) compared to USDC-USD (0.05%). In terms of maximum drawdown, USDC-USD dropped -6.79% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.74 vs -0.13), 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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