V vs. GLD

Last updated Jun 13, 2026

V (Visa Inc.) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 10 years, V returned 15.98%/yr vs 12.15%/yr for GLD. At a correlation of -0.00, they often move in opposite directions.

Performance

V vs. GLD - Performance Comparison

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

Returns By Period

In the year-to-date period, V achieves a -7.69% return, which is significantly lower than GLD's -2.47% return. Over the past 10 years, V has outperformed GLD with an annualized return of 15.98%, while GLD has yielded a comparatively lower 12.15% annualized return.

V

• 1D: 1.05%
• 1M: -1.03%
• YTD: -7.69%
• 6M: -6.93%
• 1Y: -7.91%
• 3Y*: 13.87%
• 5Y*: 7.33%
• 10Y*: 15.98%

GLD

• 1D: 0.06%
• 1M: -7.37%
• YTD: -2.47%
• 6M: -2.25%
• 1Y: 22.21%
• 3Y*: 28.89%
• 5Y*: 17.08%
• 10Y*: 12.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

V vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-7.69%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
GLD SPDR Gold Shares	-2.47%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Correlation

The correlation between V 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	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	-0.00

Return for Risk

V vs. GLD — Risk / Return Rank

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

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

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.

V vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	GLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	0.87	-1.44
Sortino ratio: Return per unit of downside risk	-0.68	1.24	-1.92
Omega ratio: Gain probability vs. loss probability	0.92	1.18	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.73	0.98	-1.71
Martin ratio: Return relative to average drawdown	-1.57	2.81	-4.38

V vs. GLD - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.56, which is lower than the GLD Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of V 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.

Drawdowns

V vs. GLD - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for V and GLD.

Drawdown Indicators

	V	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-45.56%	-6.34%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-24.46%	+7.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-24.46%	+4.08%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-24.46%	-4.14%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-24.46%	-11.90%
Current Drawdown Current decline from peak	-12.96%	-22.05%	+9.09%
Average Drawdown Average peak-to-trough decline	-8.26%	-16.16%	+7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	8.49%	+2.24%

Volatility

V vs. GLD - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.57%, while SPDR Gold Shares (GLD) has a volatility of 7.79%. This indicates that V 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.

Volatility by Period

	V	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	7.79%	-2.22%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	24.10%	-6.53%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	27.37%	-5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	18.22%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	16.08%	+8.37%

Dividends

V vs. GLD - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and GLD in my portfolio?

V 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.

Which is riskier, V or GLD?

GLD has higher volatility (7.79%) compared to V (5.57%). In terms of maximum drawdown, V dropped -51.90% vs GLD's -45.56%.

Which has better risk-adjusted returns?

GLD currently has the higher Sharpe Ratio (0.87 vs -0.56), 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.