VT vs. GLD

Last updated Jun 6, 2026

VT (Vanguard Total World Stock ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - VT is a Global Equities fund tracking the FTSE Global All Cap Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, VT returned 12.30%/yr vs 12.80%/yr for GLD. At a 0.14 correlation, their price movements are largely independent. VT charges 0.06%/yr vs 0.40%/yr for GLD.

Performance

VT vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total World Stock ETF (VT) 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, VT achieves a 9.20% return, which is significantly higher than GLD's -0.02% return. Both investments have delivered pretty close results over the past 10 years, with VT having a 12.30% annualized return and GLD not far ahead at 12.80%.

VT

• 1D: -3.07%
• 1M: -0.89%
• YTD: 9.20%
• 6M: 9.69%
• 1Y: 25.79%
• 3Y*: 19.73%
• 5Y*: 10.38%
• 10Y*: 12.30%

GLD

• 1D: -3.65%
• 1M: -8.06%
• YTD: -0.02%
• 6M: 2.54%
• 1Y: 28.10%
• 3Y*: 29.53%
• 5Y*: 17.47%
• 10Y*: 12.80%

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

VT vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VT Vanguard Total World Stock ETF	9.20%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%
GLD SPDR Gold Shares	-0.02%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Correlation

The correlation between VT and GLD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 27, 2008	0.14

The correlation between VT and GLD shifts across timeframes, from 0.14 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

VT vs. GLD - Sectors Allocation Comparison

Sectors	VT	GLD
Technology	27.8%	-
Financial Services	15.9%	-
Industrials	12.0%	-
Consumer Cyclical	9.5%	-
Communication Services	8.3%	-
Healthcare	8.1%	-
Consumer Defensive	4.8%	-
Energy	4.3%	-
Basic Materials	4.2%	100.0%
Utilities	2.7%	-
Real Estate	2.4%	-

Return for Risk

VT vs. GLD — Risk / Return Rank

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

VT

VT Risk / Return Rank: 60
VT Sharpe Ratio Rank: 60
VT Sortino Ratio Rank: 58
VT Omega Ratio Rank: 60
VT Calmar Ratio Rank: 55
VT Martin Ratio Rank: 66

GLD

GLD Risk / Return Rank: 29
GLD Sharpe Ratio Rank: 30
GLD Sortino Ratio Rank: 27
GLD Omega Ratio Rank: 33
GLD Calmar Ratio Rank: 29
GLD Martin Ratio Rank: 26

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.

VT vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) 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.

	VT	GLD	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.05	+0.93
Sortino ratio: Return per unit of downside risk	2.70	1.43	+1.28
Omega ratio: Gain probability vs. loss probability	1.36	1.21	+0.14
Calmar ratio: Return relative to maximum drawdown	2.68	1.40	+1.27
Martin ratio: Return relative to average drawdown	11.87	3.56	+8.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VT vs. GLD - Sharpe Ratio Comparison

The current VT Sharpe Ratio is 1.98, which is higher than the GLD Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of VT 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.

Sharpe Ratios by Period

	VT	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.05	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.97	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.80	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.59	-0.16

Drawdowns

VT vs. GLD - Drawdown Comparison

The maximum VT drawdown since its inception was -50.27%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for VT and GLD.

Drawdown Indicators

	VT	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-45.56%	-4.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-20.10%	+10.43%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-20.10%	+3.59%
Max Drawdown (5Y) Largest decline over 5 years	-26.38%	-21.03%	-5.35%
Max Drawdown (10Y) Largest decline over 10 years	-34.24%	-22.00%	-12.24%
Current Drawdown Current decline from peak	-3.56%	-20.10%	+16.54%
Average Drawdown Average peak-to-trough decline	-7.02%	-16.16%	+9.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	7.91%	-5.73%

Volatility

VT vs. GLD - Volatility Comparison

The current volatility for Vanguard Total World Stock ETF (VT) is 4.60%, while SPDR Gold Shares (GLD) has a volatility of 5.66%. This indicates that VT 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

	VT	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	5.66%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	23.47%	-12.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	26.86%	-13.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	18.07%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	16.00%	+1.26%

VT vs. GLD - Expense Ratio Comparison

VT has a 0.06% expense ratio, which is lower than GLD's 0.40% expense ratio.

Dividends

VT vs. GLD - Dividend Comparison

VT's dividend yield for the trailing twelve months is around 1.64%, 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%
VT Vanguard Total World Stock ETF	1.64%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both VT and GLD in my portfolio?

VT and GLD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VT or GLD?

GLD has higher volatility (5.66%) compared to VT (4.60%). In terms of maximum drawdown, VT dropped -50.27% vs GLD's -45.56%.

Which ETF is better, VT or GLD?

On 10-year performance, GLD leads with 12.80% vs 12.30% for VT. On fees, VT is cheaper at 0.06% per year. On volatility, VT has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VT or GLD?

Over the 10-year period, GLD has performed better with a 12.80% return vs 12.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VT or GLD?

VT is cheaper with a 0.06% expense ratio, compared with 0.40% for GLD.

Which ETF pays a higher dividend yield, VT or GLD?

VT has the higher dividend yield at 1.64%, compared with 0.00% for GLD.

What is the main difference between VT and GLD?

VT is categorized as Global Equities, while GLD is Gold. VT tracks FTSE Global All Cap Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.06% for VT and 0.40% for GLD.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.98 vs 1.05), 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.