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 -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
USGO vs. GLD - Performance Comparison
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Key characteristics
USGO:
62.36%
GLD:
17.51%
USGO:
-2.89%
GLD:
-45.56%
USGO:
0.00%
GLD:
-2.77%
Returns By Period
USGO
N/A
N/A
N/A
N/A
N/A
N/A
GLD
26.73%
2.99%
23.75%
40.30%
13.96%
10.14%
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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.
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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 -2.89%, smaller than the maximum GLD 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.
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Volatility
USGO vs. GLD - Volatility Comparison
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