^XAU vs. GLD
Compare and contrast key facts about Philadelphia Gold and Silver Index (^XAU) 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: ^XAU or GLD.
Correlation
The correlation between ^XAU and GLD is 0.06, 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
^XAU vs. GLD - Performance Comparison
Key characteristics
^XAU:
1.17
GLD:
2.49
^XAU:
1.69
GLD:
3.30
^XAU:
1.22
GLD:
1.43
^XAU:
0.96
GLD:
5.14
^XAU:
4.20
GLD:
14.01
^XAU:
9.52%
GLD:
2.98%
^XAU:
34.15%
GLD:
16.80%
^XAU:
-83.04%
GLD:
-45.56%
^XAU:
-18.76%
GLD:
-3.44%
Returns By Period
In the year-to-date period, ^XAU achieves a 35.59% return, which is significantly higher than GLD's 25.85% return. Both investments have delivered pretty close results over the past 10 years, with ^XAU having a 9.67% annualized return and GLD not far ahead at 10.13%.
^XAU
35.59%
6.14%
11.86%
35.55%
9.64%
9.67%
GLD
25.85%
9.52%
20.29%
41.13%
13.41%
10.13%
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Risk-Adjusted Performance
^XAU vs. GLD — Risk-Adjusted Performance Rank
^XAU
GLD
^XAU vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Philadelphia Gold and Silver Index (^XAU) 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
^XAU vs. GLD - Drawdown Comparison
The maximum ^XAU drawdown since its inception was -83.04%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for ^XAU and GLD. For additional features, visit the drawdowns tool.
Volatility
^XAU vs. GLD - Volatility Comparison
Philadelphia Gold and Silver Index (^XAU) has a higher volatility of 16.49% compared to SPDR Gold Trust (GLD) at 8.30%. This indicates that ^XAU'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.