USGO vs. GLD
Compare and contrast key facts about U.S. GoldMining Inc (USGO) 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: USGO or GLD.
Correlation
The correlation between USGO and GLD is 0.15, 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
USGO vs. GLD - Performance Comparison
Key characteristics
USGO:
0.49
GLD:
2.34
USGO:
1.63
GLD:
3.10
USGO:
1.18
GLD:
1.41
USGO:
0.67
GLD:
4.73
USGO:
2.13
GLD:
12.68
USGO:
21.79%
GLD:
3.03%
USGO:
94.82%
GLD:
16.37%
USGO:
-69.34%
GLD:
-45.56%
USGO:
-35.01%
GLD:
-0.44%
Returns By Period
In the year-to-date period, USGO achieves a 21.60% return, which is significantly lower than GLD's 26.43% return.
USGO
21.60%
2.95%
-0.29%
79.28%
N/A
N/A
GLD
26.43%
9.04%
21.83%
38.50%
13.95%
10.43%
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Risk-Adjusted Performance
USGO vs. GLD — Risk-Adjusted Performance Rank
USGO
GLD
USGO vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. GoldMining Inc (USGO) 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.
Dividends
USGO vs. GLD - Dividend Comparison
Neither USGO nor GLD has paid dividends to shareholders.
Drawdowns
USGO vs. GLD - Drawdown Comparison
The maximum USGO drawdown since its inception was -69.34%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for USGO and GLD. For additional features, visit the drawdowns tool.
Volatility
USGO vs. GLD - Volatility Comparison
U.S. GoldMining Inc (USGO) has a higher volatility of 24.44% compared to SPDR Gold Trust (GLD) at 7.00%. This indicates that USGO's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.