SPDR Gold Competition

Etfs . USA . 
Etf . SPDR Gold Shares
GLD Etf  USD 413.38  -13.03  -3.06%   
Within this framework, SPDR Gold Shares is compared with VANGUARD DIVIDEND, Vanguard Dividend, VANGUARD WELLINGTON, IShares Core, and IShares Gold, along with other selected peers. SPDR Gold's dividend payout versus peers highlights whether the yield is sustainable or stretched.

SPDR Gold vs VANGUARD EMERGING Correlation View

Poor diversification
For the present investment horizon, the measured correlation between SPDR Gold and VANGUARD EMERGING stands at 0.67, or Poor diversification. This chart helps evaluate whether adding VANGUARD EMERGING genuinely reduces risk relative to holding SPDR Gold alone.

Moving together with SPDR Etf

  1.0IAU iShares Gold TrustPairCorr
  1.0GLDM SPDR Gold MiniPairCorr
  1.0SGOL abrdn Physical GoldPairCorr

Moving against SPDR Etf

  0.61FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.47BULZ MicroSectors SolactivePairCorr
Specify up to 10 symbols:
Statistical evidence for mean reversion in SPDR Gold's can be observed through its tendency to revert after extreme valuations. Investors who believe in mean reversion view SPDR Gold's price extremes as temporary dislocations that may self-correct. Valuation-driven investors use mean reversion to time SPDR Gold's investments around historical valuation multiples. Historical data for SPDR Gold shows that extreme valuations have tended to normalize over multi-year periods.
Hype
Prediction
LowEstimatedHigh
410.86413.38415.90
Details
Intrinsic
Valuation
LowRealHigh
397.55400.07454.72
Details
Naive
Forecast
LowNextHigh
378.30380.82383.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
423.78463.27502.77
Details
When analyzing SPDR Gold, investors should assess its competitive position relative to sector peers. SPDR Gold's current valuation may reflect market-wide multiple expansion rather than genuine competitive edge. Competitive analysis of SPDR Gold involves measuring SPDR Gold's position against direct competitors. Investment merit for SPDR Gold is best assessed through the lens of competitive peer performance.

SPDR Gold Competition Correlation Matrix

Correlation analysis between SPDR Gold Shares and its competitors provides context for understanding whether diversification is real or only superficial inside the same peer group. The current classification points to the Commodities Focused category. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.

High positive correlations

CRM
+ 0.96
MSFT
UBER
+ 0.86
MSFT
MRK
+ 0.86
T
CRM
+ 0.85
UBER
A
+ 0.84
MSFT
A
+ 0.8
UBER
  

High negative correlations

XOM
- 0.95
CRM
XOM
- 0.95
MSFT
XOM
- 0.89
A
XOM
- 0.84
UBER
T
- 0.8
UBER
CRM
- 0.75
T

SPDR Gold Competition Risk-Adjusted Indicators

SPDR Gold ETF may look attractive on headline returns alone, but deeper analysis often tells a different story. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SPDR Gold's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

SPDR Gold Competitive Analysis

    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
GLD VDADX VIG VWENX IEMG IAU VITAX IJH VIEIX VGT
 3.06 
413.38
SPDR
 1.03 
57.77
VANGUARD
 0.98 
212.96
Vanguard
 1.35 
73.71
VANGUARD
 3.35 
68.37
IShares
 3.06 
84.70
IShares
 2.37 
360.91
Vanguard
 2.20 
65.87
IShares
 2.22 
153.45
VANGUARD
 2.30 
705.13
Vanguard
Market Volatility
(90 Days Market Risk)
Very Low
Very Low
Very Low
Very Low
Very Low
Very Low
Very Low
Very Low
Very Low
Very Low
Market Performance
(90 Days Performance)
Soft
Weak
Weak
Weak
Mild
Soft
Weak
Weak
Weak
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Analysis
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Sell
Strong Sell
Strong Sell
Strong Buy
Strong Sell
Strong Sell
Hold
Net Asset
50.49 B
123.75 B
67.63 B
105.69 B
56.75 B
25.74 B
24.53 B
55.49 B
70.38 B
45.79 B
Minimum Initial Investment
N/A
N/A
N/A
50 K
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
N/A
4.0
4.0
2.07
1.33
N/A
4.12
2.26
2.12
4.22
Five Year Return
20.4
10.51
10.1
8.36
3.9
21.3
15.6
6.3
3.7
15.7
One Year Return
47.2
16.25
11.3
16.63
27.3
51.9
29.21
12.9
18.93
25.8
Last Dividend Paid
N/A
N/A
0.6
N/A
0.44
N/A
N/A
0.29
0.08
0.89
Price To Earning
27.46
20.09
20.09
17.21
3.2
60.88
20.28
2.13
2.79
20.75
Beta
0.67
N/A
0.81
N/A
0.94
0.67
N/A
1.12
N/A
1.32
Price To Sales
N/A
1.64
1.64
1.56
1.09
N/A
2.95
1.3
1.32
2.84
Cash Position Weight
N/A
0.19
N/A
2.61
N/A
N/A
0.64
N/A
2.68
N/A
Equity Positions Weight
N/A
99.81
99.81
67.09
98.46
N/A
99.36
99.74
97.31
99.59
Three Year Return
31.0
15.98
14.5
14.35
16.9
32.5
26.24
12.6
17.54
25.0
Annual Yield
N/A
0.0154
N/A
0.0213
N/A
N/A
0.0042
N/A
0.011
N/A
Year To Date Return
N/A
0.79
N/A
1.09
N/A
N/A
2.84
N/A
0.58
N/A
Bond Positions Weight
N/A
N/A
N/A
29.41
N/A
N/A
N/A
N/A
N/A
N/A
Ten Year Return
13.1
12.11
12.2
9.63
8.0
13.7
18.68
10.3
11.12
21.7
Day Typical Price
417.75
57.77
213.47
73.71
68.88
85.59
360.91
66.18
153.45
708.34
Accumulation Distribution
0.0404
N/A
0.0149
N/A
0.0278
0.0401
N/A
0.0282
N/A
0.0268
Market Facilitation Index
17.32
N/A
3.2
N/A
1.95
3.52
N/A
1.9
N/A
19.26
Daily Balance Of Power
-0.75
N/A
-0.66
N/A
-1.22
-0.76
N/A
-0.78
N/A
-0.86
Period Momentum Indicator
-13.03
-0.60
-2.11
-1.01
-2.37
-2.67
-8.75
-1.48
-3.49
-16.59
Rate Of Daily Change
0.97
0.99
0.99
0.99
0.97
0.97
0.98
0.98
0.98
0.98
Day Median Price
419.93
57.77
213.72
73.71
69.13
86.03
360.91
66.34
153.45
709.95
Price Action Indicator
-13.06
-0.30
-1.81
-0.51
-1.95
-2.66
-4.37
-1.21
-1.75
-13.12
Relative Strength Index
40.14
33.43
33.35
33.98
42.43
40.12
41.28
39.09
39.17
41.25
Coefficient Of Variation
4836.81
-1,161
-1,168
-828.31
2486.51
4747.2
-1,159
-3,479
-1,214
-1,160
Mean Deviation
1.79
0.5005
0.4932
0.4066
0.9929
1.78
1.03
0.729
0.832
1.02
Jensen Alpha
0.0843
-0.08
-0.08
-0.07
0.0454
0.0853
-0.13
-0.05
-0.11
N/A
Total Risk Alpha
0.3514
0.0144
0.0147
-0.01
0.2155
0.3499
0.0384
0.0839
0.0338
0.038
Sortino Ratio
0.0464
N/A
N/A
N/A
0.0835
0.0469
N/A
N/A
N/A
N/A
Downside Variance
9.15
N/A
N/A
N/A
2.98
9.04
N/A
N/A
N/A
N/A
Standard Deviation
2.52
0.6706
0.6682
0.5334
1.39
2.51
1.33
1.0
1.09
1.32
Kurtosis
3.83
1.51
1.56
0.3971
2.18
3.82
0.9504
1.06
0.9439
0.9011
Potential Upside
3.07
0.8969
0.9059
0.7258
2.02
2.99
1.58
1.37
1.31
1.61
Treynor Ratio
0.0985
0.7946
0.7989
-2.27
-13.06
0.099
46.33
0.3498
0.9371
N/A
Maximum Drawdown
14.15
3.87
3.88
2.49
7.49
14.08
6.97
5.51
5.8
6.93
Variance
6.37
0.4496
0.4465
0.2845
1.92
6.28
1.78
1.0
1.19
1.74
Market Risk Adjusted Performance
0.1085
0.8046
0.8089
-2.26
-13.05
0.109
46.34
0.3598
0.9471
N/A
Risk Adjusted Performance
0.0234
-0.07
-0.07
-0.10
0.0365
0.0237
-0.07
-0.02
-0.06
-0.07
Skewness
-1.13
0.0597
0.0479
-0.47
-0.94
-1.15
0.2663
0.0506
0.1852
0.2539
Semi Deviation
2.91
N/A
N/A
N/A
1.6
2.89
N/A
N/A
N/A
N/A
Information Ratio
0.0557
0.0456
0.0466
0.0449
0.104
0.0563
-0.02
0.0596
-0.0014
-0.02
Value At Risk
-4.12
-1.22
-1.24
-1.07
-2.18
-4.12
-2.27
-1.72
-1.95
-2.21
Expected Short fall
-1.73
N/A
N/A
N/A
-0.91
-1.73
N/A
N/A
N/A
N/A
Downside Deviation
3.03
N/A
N/A
N/A
1.73
3.01
N/A
N/A
N/A
N/A
Semi Variance
8.44
N/A
N/A
N/A
2.57
8.34
N/A
N/A
N/A
N/A

SPDR Gold Competition Peer Performance Charts

How to Analyze SPDR Gold Against Peers

SPDR Gold's peer analysis compares SPDR Gold with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:
  • Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
  • Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
  • Check valuation dispersion: Review whether SPDR Gold trades at a premium or discount versus peers and why.
  • Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
  • Document the thesis: Record where SPDR Gold leads or lags and what catalysts could close or widen the gap.
Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Revenue at SPDR Gold has grown faster than the peer median over the last four quarters, widening its competitive lead. Comparative analysis works best when peers share business drivers, cycle exposure, and capital structure characteristics.

Unless otherwise specified, data for SPDR Gold Shares is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board
Last reviewed on March 13th, 2026
Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions
 
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