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 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XAUUSD=X vs. GLD - Performance Comparison
Key characteristics
XAUUSD=X:
2.72
GLD:
2.62
XAUUSD=X:
3.70
GLD:
3.44
XAUUSD=X:
1.53
GLD:
1.45
XAUUSD=X:
5.00
GLD:
5.42
XAUUSD=X:
13.81
GLD:
14.77
XAUUSD=X:
2.92%
GLD:
2.98%
XAUUSD=X:
15.03%
GLD:
16.87%
XAUUSD=X:
-69.75%
GLD:
-45.56%
XAUUSD=X:
-2.81%
GLD:
-2.07%
Returns By Period
The year-to-date returns for both investments are quite close, with XAUUSD=X having a 26.85% return and GLD slightly higher at 27.65%. Both investments have delivered pretty close results over the past 10 years, with XAUUSD=X having a 10.34% annualized return and GLD not far ahead at 10.61%.
XAUUSD=X
26.85%
7.92%
21.38%
42.47%
13.11%
10.34%
GLD
27.65%
8.80%
22.00%
42.68%
13.89%
10.61%
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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
Gold Spot US Dollar (XAUUSD=X) and SPDR Gold Trust (GLD) have volatilities of 8.10% and 8.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.