WRD vs. GLD

Last updated Jun 24, 2026

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 -23.23% vs 21.29% for GLD. At a 0.09 correlation, their price movements are largely independent.

Performance

WRD vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WeRide Inc (WRD) 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, WRD achieves a -33.76% return, which is significantly lower than GLD's -4.79% return.

WRD

• 1D: -4.64%
• 1M: -21.66%
• YTD: -33.76%
• 6M: -35.17%
• 1Y: -23.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLD

• 1D: -1.89%
• 1M: -8.82%
• YTD: -4.79%
• 6M: -8.78%
• 1Y: 21.29%
• 3Y*: 28.41%
• 5Y*: 17.84%
• 10Y*: 11.59%

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

WRD vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WRD WeRide Inc	-33.76%	-38.79%	-8.52%
GLD SPDR Gold Shares	-4.79%	63.68%	-4.22%

Correlation

The correlation between WRD and GLD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.09

Return for Risk

WRD vs. GLD — Risk / Return Rank

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

WRD

WRD Risk / Return Rank: 28
WRD Sharpe Ratio Rank: 27
WRD Sortino Ratio Rank: 29
WRD Omega Ratio Rank: 29
WRD Calmar Ratio Rank: 28
WRD Martin Ratio Rank: 28

GLD

GLD Risk / Return Rank: 22
GLD Sharpe Ratio Rank: 23
GLD Sortino Ratio Rank: 21
GLD Omega Ratio Rank: 24
GLD Calmar Ratio Rank: 20
GLD Martin Ratio Rank: 20

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.

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.

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.

	WRD	GLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	0.78	-1.14
Sortino ratio: Return per unit of downside risk	-0.12	1.13	-1.25
Omega ratio: Gain probability vs. loss probability	0.99	1.17	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.44	0.87	-1.31
Martin ratio: Return relative to average drawdown	-0.76	2.35	-3.11

WRD vs. GLD - Sharpe Ratio Comparison

The current WRD Sharpe Ratio is -0.36, which is lower than the GLD Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of WRD 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

WRD vs. GLD - Drawdown Comparison

The maximum WRD drawdown since its inception was -85.77%, 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.

Drawdown Indicators

	WRD	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-85.77%	-45.56%	-40.21%
Max Drawdown (1Y) Largest decline over 1 year	-53.55%	-24.46%	-29.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.46%	—
Current Drawdown Current decline from peak	-85.77%	-23.91%	-61.86%
Average Drawdown Average peak-to-trough decline	-67.32%	-16.17%	-51.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.61%	9.10%	+21.51%

Volatility

WRD vs. GLD - Volatility Comparison

WeRide Inc (WRD) has a higher volatility of 17.89% compared to SPDR Gold Shares (GLD) at 8.18%. 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.

Volatility by Period

	WRD	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.89%	8.18%	+9.71%
Volatility (6M) Calculated over the trailing 6-month period	42.32%	24.38%	+17.94%
Volatility (1Y) Calculated over the trailing 1-year period	64.80%	27.57%	+37.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.20%	18.24%	+99.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.20%	16.04%	+102.16%

Dividends

WRD vs. GLD - Dividend Comparison

Neither WRD nor GLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WRD and GLD in my portfolio?

WRD and GLD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WRD or GLD?

WRD has higher volatility (17.89%) compared to GLD (8.18%). In terms of maximum drawdown, WRD dropped -85.77% vs GLD's -45.56%.

Which has better risk-adjusted returns?

GLD currently has the higher Sharpe Ratio (0.78 vs -0.36), 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.