WRD vs. GLD
WRD (WeRide Inc) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past year, WRD returned -17.17% vs 32.04% for GLD. At a 0.07 correlation, their price movements are largely independent.
Performance
WRD vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, WRD achieves a -8.29% return, which is significantly lower than GLD's 2.92% return.
WRD
- 1D
- 2.71%
- 1M
- 1.53%
- YTD
- -8.29%
- 6M
- -12.72%
- 1Y
- -17.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- -0.99%
- 1M
- -1.65%
- YTD
- 2.92%
- 6M
- 5.43%
- 1Y
- 32.04%
- 3Y*
- 31.09%
- 5Y*
- 18.15%
- 10Y*
- 13.12%
WRD vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WRD WeRide Inc | -8.29% | -38.79% | -14.32% |
GLD SPDR Gold Shares | 2.92% | 63.68% | -4.42% |
Correlation
The correlation between WRD and GLD is 0.08, 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2024 | 0.07 |
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Return for Risk
WRD vs. GLD — Risk / Return Rank
WRD
GLD
WRD vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WeRide Inc (WRD) 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.
| WRD | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.68 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.60 | 4.15 | -4.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WRD | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 1.21 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.60 | -0.91 |
Drawdowns
WRD vs. GLD - Drawdown Comparison
The maximum WRD drawdown since its inception was -84.58%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for WRD and GLD.
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Drawdown Indicators
| WRD | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.58% | -45.56% | -39.02% |
Max Drawdown (1Y)Largest decline over 1 year | -49.68% | -19.21% | -30.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.00% | — |
Current DrawdownCurrent decline from peak | -80.30% | -17.75% | -62.55% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -16.16% | -50.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.95% | 7.73% | +21.22% |
Volatility
WRD vs. GLD - Volatility Comparison
WeRide Inc (WRD) has a higher volatility of 14.48% compared to SPDR Gold Shares (GLD) at 5.51%. This indicates that WRD'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.
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Volatility by Period
| WRD | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.48% | 5.51% | +8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 39.79% | 23.16% | +16.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.04% | 26.61% | +37.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.38% | 18.00% | +101.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.38% | 15.95% | +103.43% |
Dividends
WRD vs. GLD - Dividend Comparison
Neither WRD nor GLD has paid dividends to shareholders.
Frequently Asked Questions
WRD and GLD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRD has higher volatility (14.48%) compared to GLD (5.51%). In terms of maximum drawdown, WRD dropped -84.58% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (1.21 vs -0.27), 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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