XAUT-USD vs. GLD
XAUT-USD (Tether Gold USD) is a cryptocurrency, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, XAUT-USD returned 17.42%/yr vs 16.95%/yr for GLD. Their correlation of 0.80 means they have usually moved in the same direction.
Performance
XAUT-USD vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, XAUT-USD achieves a -6.67% return, which is significantly lower than GLD's -6.25% return.
XAUT-USD
- 1D
- 0.04%
- 1M
- -2.94%
- 6M
- -14.46%
- YTD
- -6.67%
- 1Y
- 20.16%
- 3Y*
- 27.79%
- 5Y*
- 17.42%
- 10Y*
- —
- ALL TIME*
- 15.04%
GLD
- 1D
- -1.49%
- 1M
- -1.74%
- 6M
- -16.50%
- YTD
- -6.25%
- 1Y
- 20.20%
- 3Y*
- 27.22%
- 5Y*
- 16.95%
- 10Y*
- 11.05%
- ALL TIME*
- 10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.38B | $2.40B | $2.72B | |
XAUT-USD Tether Gold USD | $701.24B | $631.59B | $1.01T |
XAUT-USD vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XAUT-USD Tether Gold USD | -6.67% | 64.73% | 27.39% | 13.75% | -0.68% | -4.67% | 18.28% |
GLD SPDR Gold Shares | -6.25% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 21.51% |
Correlation
The correlation between XAUT-USD and GLD is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.80 |
The correlation between XAUT-USD and GLD shifts across timeframes, from 0.73 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XAUT-USD vs. GLD — Risk / Return Rank
XAUT-USD
GLD
XAUT-USD vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tether Gold USD (XAUT-USD) 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.
| XAUT-USD | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.86 | -0.14 |
| Martin ratioReturn relative to average drawdown | 1.48 | 1.86 | -0.38 |
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Drawdowns
XAUT-USD vs. GLD - Drawdown Comparison
The maximum XAUT-USD drawdown since its inception was -27.89%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for XAUT-USD and GLD.
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Drawdown Indicators
| XAUT-USD | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -45.56% | +17.67% |
Max Drawdown (1Y)Largest decline over 1 year | -27.89% | -26.40% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -27.89% | -26.40% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -27.89% | -26.40% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.40% | — |
Current DrawdownCurrent decline from peak | -26.84% | -25.08% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -16.21% | +9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 12.18% | +3.90% |
Volatility
XAUT-USD vs. GLD - Volatility Comparison
The current volatility for Tether Gold USD (XAUT-USD) is 5.27%, while SPDR Gold Shares (GLD) has a volatility of 6.40%. This indicates that XAUT-USD 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.
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Volatility by Period
| XAUT-USD | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 6.40% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 23.52% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.96% | 28.13% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 18.49% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 16.14% | -0.83% |
Frequently Asked Questions
XAUT-USD and GLD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (6.40%) compared to XAUT-USD (5.27%). In terms of maximum drawdown, XAUT-USD dropped -27.89% vs GLD's -45.56%.
GLD currently has the higher Sharpe Ratio (0.81 vs 0.73), 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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