XAUUSD=X vs. GLD
Compare and contrast key facts about Gold Spot US Dollar (XAUUSD=X) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XAUUSD=X or GLD.
Correlation
The correlation between XAUUSD=X and GLD is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XAUUSD=X vs. GLD - Performance Comparison
Key characteristics
XAUUSD=X:
1.90
GLD:
2.90
XAUUSD=X:
2.49
GLD:
3.67
XAUUSD=X:
1.36
GLD:
1.49
XAUUSD=X:
3.25
GLD:
5.47
XAUUSD=X:
8.20
GLD:
14.93
XAUUSD=X:
3.20%
GLD:
2.97%
XAUUSD=X:
13.99%
GLD:
15.33%
XAUUSD=X:
-69.75%
GLD:
-45.56%
XAUUSD=X:
-0.09%
GLD:
-0.09%
Returns By Period
The year-to-date returns for both stocks are quite close, with XAUUSD=X having a 11.90% return and GLD slightly lower at 11.82%. Both investments have delivered pretty close results over the past 10 years, with XAUUSD=X having a 8.88% annualized return and GLD not far ahead at 8.94%.
XAUUSD=X
11.90%
6.57%
16.88%
45.05%
11.43%
8.88%
GLD
11.82%
6.41%
16.69%
44.35%
11.87%
8.94%
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Risk-Adjusted Performance
XAUUSD=X vs. GLD — Risk-Adjusted Performance Rank
XAUUSD=X
GLD
XAUUSD=X vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot US Dollar (XAUUSD=X) and SPDR Gold Trust (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.
Drawdowns
XAUUSD=X vs. GLD - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -69.75%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and GLD. For additional features, visit the drawdowns tool.
Volatility
XAUUSD=X vs. GLD - Volatility Comparison
The current volatility for Gold Spot US Dollar (XAUUSD=X) is 3.22%, while SPDR Gold Trust (GLD) has a volatility of 3.46%. This indicates that XAUUSD=X 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.