SPDR Gold Trust (GLD)

Market Price (5/21/2026): $416.07

SPDR Gold Trust (GLD)

Market Price (5/21/2026): $416.07

Asset Allocation with GLD

	ETF	1D	1W	1M	YTD
Equity	SPY	1.0%	-0.1%	5.3%	9.0%
Bond	BND	0.6%	-0.5%	-0.9%	-0.4%
Commodity	GLD	1.4%	-3.0%	-2.8%	5.3%
Real Estate	VNQ	1.3%	0.6%	1.2%	10.2%
Bitcoin	BTCUSD	0.1%	-3.1%	0.6%	-12.2%
Cash	GOVT	0.4%	-0.4%	-1.3%	-1.0%

	ETF	Return	Volatility	Sharpe
Equity	SPY	15.5%	15.2%	85.2%
Bond	BND	1.6%	5.2%	-20.6%
Commodity	GLD	13.1%	15.1%	67.3%
Real Estate	VNQ	5.4%	17.7%	22.5%
Bitcoin	BTCUSD	67.1%	76.7%	100.9%
Cash	GOVT	0.5%	5.0%	-42.9%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	-23.0%	-30.4%	-19.3%
Bond	BND	-14.2%	-2.2%	1.3%
Commodity	GLD	-7.7%	-6.3%	5.0%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Price Chart

ETF Price
Price/Gold

Performance for GLD Top Holdings

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Guidance Updates for GLD Top Holdings

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Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
GLD Return	-4%	-1%	13%	27%	64%	4%	131%
Peers Return	-4%	-1%	13%	27%	64%	5%	136%
S&P 500 Return	27%	-19%	24%	23%	16%	7%	96%
Monthly Win Rates [3]
GLD Win Rate	42%	33%	58%	67%	83%	40%
Peers Win Rate	46%	33%	58%	67%	83%	52%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
GLD Max Drawdown	-14%	-21%	-11%	-8%	-10%	-19%
Peers Max Drawdown	-14%	-21%	-11%	-8%	-10%	-19%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: IAU, GLDM, SGOL, BAR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/20/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
GLD	1.18	1.29	0.95
Commodity Top Results (3Y)
GLDM	1.20	1.52	1.52
SGOL	1.07	1.45	1.45
IAU	1.25	1.33	0.98
BAR	1.16	1.31	0.96
GLD	1.18	1.29	0.95

Results as of 4302026.

Event	GLD	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-10.2%	-24.5%
% Gain to Breakeven	11.3%	32.4%
Time to Breakeven	78 days	427 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-15.0%	-3.7%
% Gain to Breakeven	17.6%	3.9%
Time to Breakeven	264 days	6 days
2014-2016 Oil Price Collapse
% Loss	-18.9%	-6.8%
% Gain to Breakeven	23.2%	7.3%
Time to Breakeven	183 days	15 days
2013 Taper Tantrum
% Loss	-18.6%	-0.2%
% Gain to Breakeven	22.9%	0.2%
Time to Breakeven	2058 days	1 days
2008-2009 Global Financial Crisis
% Loss	-14.1%	-53.4%
% Gain to Breakeven	16.5%	114.4%
Time to Breakeven	33 days	1085 days

Compare to IAU, GLDM, SGOL, BAR

In The Past

SPDR Gold Trust's stock fell -2.8% during the 2025 US Tariff Shock. Such a loss loss requires a 2.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event

Compare to IAU, GLDM, SGOL, BAR

In The Past

SPDR Gold Trust's stock fell -2.8% during the 2025 US Tariff Shock. Such a loss loss requires a 2.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

GLD Dip Buy History

GLD had 31 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

11% median peak return within 1 year of dip event
273 days is the median time to peak return after a dip event
-8.6% median max drawdown within 1 year of dip event

60 Day Dip			GLD Subsequent Performance
Date	GLD	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			4%	11%	-9%	273
4212026	-6%	2%	-3%	1%	-4%	1
10022023	-5%	-2%	45%	46%	-0%	360
6302023	-5%	9%	21%	26%	-5%	325
5312022	-7%	-4%	7%	11%	-12%	338
8092021	-5%	8%	3%	18%	-2%	211
2032021	-6%	9%	-2%	4%	-8%	119
10282020	-7%	-1%	-5%	4%	-11%	9
11262019	-5%	9%	23%	41%	-1%	254
6192018	-5%	7%	9%	6%	-8%	365
12012017	-5%	8%	-4%	6%	-9%	54
7102017	-5%	4%	3%	12%	0%	198
10042016	-6%	1%	0%	6%	-11%	338
11132015	-6%	-0%	12%	26%	-3%	238
7202015	-8%	1%	20%	23%	-5%	354
4142015	-5%	6%	4%	6%	-12%	331
3092015	-5%	1%	8%	8%	-10%	364
9152014	-7%	2%	-11%	6%	-12%	129
5282014	-7%	4%	-6%	6%	-9%	44
11082013	-6%	7%	-11%	7%	-12%	126
2152013	-7%	10%	-18%	0%	-26%	34
12182012	-5%	-0%	-27%	1%	-28%	35
4242012	-6%	5%	-12%	9%	-18%	163
11152011	-6%	12%	-4%	0%	-14%	324
2232010	-6%	-1%	26%	29%	-1%	286
5142009	-6%	14%	32%	33%	-2%	363
8112008	-7%	-8%	14%	21%	-14%	193
5012008	-7%	6%	4%	16%	-17%	295
9252006	-6%	5%	23%	24%	-4%	360
7212006	-5%	-5%	9%	11%	-9%	273
5312005	-5%	-2%	54%	71%	-0%	346
2102005	-6%	1%	31%	36%	-1%	357

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 5/20/2026

GLD had 14 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

14% median peak return within 1 year of dip event
242 days is the median time to peak return after a dip event
-7.7% median max drawdown within 1 year of dip event

90 Day Dip			GLD Subsequent Performance
Date	GLD	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			4%	14%	-8%	242
7112022	-11%	-10%	13%	18%	-6%	297
3032021	-11%	12%	12%	13%	-2%	363
12142020	-12%	10%	-4%	7%	-8%	22
8022018	-11%	7%	20%	19%	-3%	350
11142016	-11%	2%	5%	10%	-8%	297
10312014	-11%	4%	-4%	11%	-8%	83
12192013	-10%	8%	-0%	16%	-4%	85
4042013	-10%	13%	-18%	2%	-24%	5
2152013	-10%	5%	-18%	0%	-26%	34
6282012	-12%	-2%	-21%	15%	-23%	98
12162011	-11%	10%	4%	12%	-4%	293
10172008	-11%	-30%	35%	35%	-9%	361
8122008	-11%	-5%	15%	21%	-13%	192
9082006	-11%	-0%	16%	14%	-7%	364

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 5/20/2026

GLD had 2 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

23% median peak return within 1 year of dip event
220 days is the median time to peak return after a dip event
-8.8% median max drawdown within 1 year of dip event

180 Day Dip			GLD Subsequent Performance
Date	GLD	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			17%	23%	-9%	220
6052013	-21%	12%	-11%	1%	-15%	83
10222008	-21%	-31%	45%	45%	-2%	356

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 5/20/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-6.5%	106.64	5202026	114.03	3012026	80
ARKK	ARK Innovation ETF	-8.9%	75.84	5202026	83.21	1132026	127
URA	Global X Uranium ETF	-22.3%	48.04	5202026	61.81	1282026	112
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-5.7%	39.25	5202026	41.63	5132026	7
LIT	Global X Lithium & Battery Tech ETF	-8.9%	83.49	5202026	91.62	5112026	9
CGBL	Capital Group Core Balanced ETF	-6.2%	34.41	5202026	36.67	2252026	84
XLF	State Street Financial Select Sector SPDR ETF	-7.9%	51.66	5202026	56.11	1062026	134
XLV	State Street Health Care Select Sector SPDR ETF	-7.8%	147.13	5202026	159.54	3012026	80
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.1%	117.94	5202026	124.27	1122026	128
XLU	State Street Utilities Select Sector SPDR ETF	-6.1%	44.51	5202026	47.40	3012026	80
XLB	State Street Materials Select Sector SPDR ETF	-6.9%	49.72	5202026	53.38	2112026	98
IBB	iShares Biotechnology ETF	-5.4%	167.91	5202026	177.51	1222026	118
XBI	State Street SPDR S&P Biotech ETF	-5.0%	131.71	5202026	138.67	4192026	31
ITA	iShares U.S. Aerospace & Defense ETF	-10.8%	223.28	5202026	250.42	3022026	79
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-7.1%	174.73	5202026	188.18	3292026	52
TLT	iShares 20+ Year Treasury Bond ETF	-6.9%	83.91	5202026	90.16	3012026	80
VGLT	Vanguard Long-Term Treasury ETF	-6.1%	53.73	5202026	57.20	3012026	80
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.4%	25.52	5202026	27.28	3012026	80
TLH	iShares 10-20 Year Treasury Bond ETF	-5.9%	98.09	5202026	104.25	3012026	80
EDV	Vanguard World Funds Extended Duration ETF	-9.7%	61.68	5202026	68.33	3012026	80
GSG	iShares GSCI Commodity	-5.8%	30.01	5202026	31.85	3182026	63
GLD	SPDR Gold Trust	-15.8%	417.40	5202026	495.90	1292026	111
IAU	iShares Gold Trust	-15.8%	85.53	5202026	101.57	1292026	111
GLDM	SPDR Gold MiniShares Trust	-15.7%	89.96	5202026	106.77	1292026	111
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	5202026	51.41	1292026	111
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	5202026	53.16	1292026	111
SLV	iShares Silver Trust	-34.9%	68.73	5202026	105.60	1282026	112
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	5202026	110.87	1282026	112
PPLT	ETFS Physical Platinum Shares	-29.3%	17.84	5202026	25.23	1252026	115
CPER	United States Copper Index Fund ETV	-13.9%	33.33	5202026	38.71	1292026	111
PALL	ETFS Physical Palladium Shares	-32.7%	25.01	5202026	37.18	1282026	112
USO	United States Oil Fund LP	-5.7%	144.27	5202026	152.96	5192026	1
UNG	United States Natural Gas Fund LP	-32.0%	11.49	5202026	16.90	2012026	108
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	5202026	60.13	5042026	16
IBIT	iShares Bitcoin Trust ETF	-20.7%	43.99	5202026	55.44	1142026	126
FBTC	Fidelity Wise Origin Bitcoin Fund	-20.6%	67.57	5202026	85.12	1142026	126
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	5202026	76.31	1142026	126
ETHA	iShares Ethereum Trust ETF	-36.9%	16.14	5202026	25.59	1142026	126

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About GLD

Holdings Count: 0
Expense Ratio: 0.4%
Inception Date: 2004-11-18

SPDR Gold Shares
The investment objective of SPDR Gold Trust (the "Trust") is for the shares to reflect the performance of the price of gold bullion, less the Trust's expensesThe first US traded gold ETF and the first US-listed ETF backed by a physical assetFor many investors, the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account
Asset Class: Equity | ETF Website

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Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
IMVT	Immunovant	6.5	35.3%	39.9%
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HIVE	HIVE Digital Technologies	0.9	15.5%	50.0%
KURA	Kura Oncology	0.9	15.4%	-0.5%
ENVX	Enovix	1.4	15.0%	-13.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
HAS	Hasbro	12.4	-8.8%	8.8%
AXTI	AXT	4.7	-7.3%	539.8%
NTNX	Nutanix	12.1	-6.7%	-12.9%
DUOL	Duolingo	5.0	-6.4%	-39.1%
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HPK	HighPeak Energy	1.0	-6.2%	60.8%
REPX	Riley Exploration Permian	0.8	-5.9%	50.7%
WTI	W&T Offshore	0.7	-5.9%	175.8%
CRK	Comstock Resources	4.2	-5.3%	-38.1%
KOS	Kosmos Energy	1.4	-5.3%	231.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TE	T1 Energy	1.9	55.1%	30.2%
FBYD	Falcons Beyond Global	0.6	41.8%	-6.9%
HIVE	HIVE Digital Technologies	0.9	40.2%	50.0%
SLS	SELLAS Life Sciences	1.3	37.4%	137.9%
SG	Sweetgreen	1.1	36.9%	33.3%
ARX	Accelerant	3.7	33.2%	2.1%
STUB	Stubhub	3.5	33.0%	-26.1%
RAMP	LiveRamp	2.4	32.0%	28.5%
SEDG	SolarEdge Technologies	3.4	31.4%	94.9%
RDW	Redwire	2.5	28.9%	94.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LWLG	Lightwave Logic	1.6	-35.8%	260.8%
BTGO	BitGo	0.9	-31.8%	-56.1%
OPTU	Optimum Communications	0.3	-29.8%	-60.5%
DSGN	Design Therapeutics	0.7	-28.9%	18.3%
IDR	Idaho Strategic Resources	0.6	-28.8%	-9.6%
AAOI	Applied Optoelectronics	11.6	-25.9%	374.1%
PSFE	Paysafe	0.4	-24.1%	-12.4%
USAS	Americas Gold And Silver	1.6	-23.2%	9.0%
CRVS	Corvus Pharmaceuticals	1.0	-23.0%	58.3%
HYMC	Hycroft Mining	2.8	-21.9%	43.3%

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MXL	MaxLinear	8.5	187.2%	455.2%
BAND	Bandwidth	1.8	144.1%	275.1%
WOLF	Wolfspeed	1.6	137.3%	236.7%
FCEL	FuelCell Energy	1.0	113.1%	176.6%
INOD	Innodata	3.0	105.1%	85.9%
XMTR	Xometry	4.7	95.6%	54.3%
VPG	Vishay Precision	1.3	85.1%	161.6%
INTC	Intel	604.7	79.5%	222.4%
SLS	SELLAS Life Sciences	1.3	78.3%	137.9%
PCT	PureCycle Technologies	2.1	77.3%	38.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CAR	Avis Budget	5.4	-78.6%	19.1%
EMBC	Embecta	0.2	-66.5%	-73.9%
FWRD	Forward Air	0.3	-63.5%	-66.3%
OPTU	Optimum Communications	0.3	-60.8%	-60.5%
CABO	Cable One	0.3	-59.7%	-58.3%
TRDA	Entrada Therapeutics	0.3	-53.8%	-41.2%
PSIX	Power Solutions International	0.9	-51.1%	-35.3%
ERAS	Erasca	3.2	-50.4%	198.9%
BETR	Better Home & Finance	0.4	-47.7%	-25.3%
BRBR	BellRing Brands	1.1	-45.5%	-66.4%

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	9.8 Mil
Short Interest: % Change Since 4152026	-1.6%
Average Daily Volume	6.9 Mil
Days-to-Cover Short Interest	1.4 days

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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SPDR Gold Trust (GLD)

Market Price (5/21/2026): $416.07

SPDR Gold Trust (GLD)

Market Price (5/21/2026): $416.07

Asset Allocation with GLD

Price Chart

Valuation & Yield

Top 20 Holdings for GLD

Performance for GLD Top Holdings

Guidance Updates for GLD Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

GLD Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About GLD

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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