V vs. GLDM
V (Visa Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, V returned 7.33%/yr vs 17.41%/yr for GLDM. At a 0.02 correlation, their price movements are largely independent.
Performance
V vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, V achieves a -7.69% return, which is significantly lower than GLDM's -2.40% return.
V
- 1D
- 1.05%
- 1M
- -0.04%
- YTD
- -7.69%
- 6M
- -6.93%
- 1Y
- -7.91%
- 3Y*
- 13.87%
- 5Y*
- 7.33%
- 10Y*
- 15.98%
GLDM
- 1D
- 0.11%
- 1M
- -9.52%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
V vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
V Visa Inc. | -7.69% | 11.76% | 22.32% | 26.31% | -3.40% | -0.31% | 17.12% | 43.33% | 1.10% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between V and GLDM 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.02 |
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Return for Risk
V vs. GLDM — Risk / Return Rank
V
GLDM
V vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.19 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.00 | -1.73 |
| Martin ratioReturn relative to average drawdown | -1.57 | 2.87 | -4.44 |
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Drawdowns
V vs. GLDM - Drawdown Comparison
The maximum V drawdown since its inception was -51.90%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for V and GLDM.
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Drawdown Indicators
| V | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.90% | -24.35% | -27.55% |
Max Drawdown (1Y)Largest decline over 1 year | -17.18% | -24.35% | +7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.38% | -24.35% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | -24.35% | -4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.36% | — | — |
Current DrawdownCurrent decline from peak | -12.96% | -21.96% | +9.00% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -6.27% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 8.44% | +2.29% |
Volatility
V vs. GLDM - Volatility Comparison
The current volatility for Visa Inc. (V) is 5.57%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.73%. This indicates that V experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 7.73% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 23.93% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.35% | 27.15% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.82% | 18.13% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.45% | 16.98% | +7.47% |
Dividends
V vs. GLDM - Dividend Comparison
V's dividend yield for the trailing twelve months is around 0.81%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 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
V and GLDM 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.
GLDM has higher volatility (7.73%) compared to V (5.57%). In terms of maximum drawdown, V dropped -51.90% vs GLDM's -24.35%.
GLDM currently has the higher Sharpe Ratio (0.90 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.
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