Tearsheet

Key Takeaways

  • GLD has returned -6.8% YTD vs +8.0% for SPY; +20.3% over the past 12 months (SPY +22.0%). details →
  • Over the past month, GLD has seen net outflows of −$3.76B (−2.7% of assets). details →
  • GLD trades 25% below its 52-week high. details →
  • GLD's -6.8% YTD is behind its typical pace — it averaged +7.4% at this point (June 25) over the past 5 years. details →
Last updated: 6/25/2026.

Price Chart

Asset Allocation with GLD

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.1%
Volatility
11.4%
Sharpe
0.83
YTD
+4.7%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GLD Return-4%-1%13%27%64%-8%105%
Peers Return-4%-1%13%27%64%-1%124%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
GLD Win Rate42%33%58%67%83%33% 
Peers Win Rate46%33%58%67%83%48% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
GLD Max Drawdown-14%-21%-11%-8%-10%-26% 
Peers Max Drawdown-14%-21%-11%-8%-10%-22% 
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 6/25/2026 (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.

Ticker1Y3Y5Y
GLD1.171.280.84
Commodity Top Results (3Y)   
SGOL1.331.360.90
BAR1.241.350.87
IAU1.201.300.86
GLDM1.191.300.86
GLD1.171.280.84

Results as of 5312026.

How Low Can It Go

EventGLDS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-10.2%-24.5%
  % Gain to Breakeven11.3%32.4%
  Time to Breakeven78 days427 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.0%-3.7%
  % Gain to Breakeven17.6%3.9%
  Time to Breakeven264 days6 days
2014-2016 Oil Price Collapse
  % Loss-18.9%-6.8%
  % Gain to Breakeven23.2%7.3%
  Time to Breakeven183 days15 days
2013 Taper Tantrum
  % Loss-18.6%-0.2%
  % Gain to Breakeven22.9%0.2%
  Time to Breakeven2058 days1 days
2008-2009 Global Financial Crisis
  % Loss-14.1%-53.4%
  % Gain to Breakeven16.5%114.4%
  Time to Breakeven33 days1085 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.

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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


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

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

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
OEFiShares S&P 100 ETF-5.4%357.556252026378.10601202624
XLGInvesco S&P 500 Top 50 ETF-7.8%59.56625202664.59601202624
MAGSRoundhill Magnificent Seven ETF-13.9%61.07625202670.94514202642
ONEQFidelity Nasdaq Composite Index ETF-6.4%99.886252026106.70602202623
VUGVanguard Growth ETF-8.1%82.96625202690.29601202624
IWFiShares Russell 1000 Growth ETF-8.3%118.106252026128.77601202624
IVWiShares S&P 500 Growth ETF-5.7%133.466252026141.59601202624
SCHGSchwab U.S. Large-Cap Growth ETF-7.6%32.62625202635.30601202624
SPYGState Street SPDR Portfolio S&P 500 Growth ETF-5.8%115.536252026122.60601202624
VONGVanguard Russell 1000 Growth ETF-8.1%121.646252026132.35601202624
MGKVanguard Mega Cap Growth ETF-8.5%84.27625202692.06601202624
AKREAkre Focus ETF-21.2%52.45625202666.591062026170
VSSVanguard FTSE All-World EX-US Small-Cap Index Fund-5.2%153.386252026161.79511202645
SCHCSchwab International Small-Cap Equity ETF-7.2%47.81625202651.543012026116
FNDESchwab Fundamental Emerging Markets Equity ETF-6.7%39.50625202642.35602202623
EWYiShares MSCI South Korea ETF-6.5%205.006252026219.2062120264
EWZiShares MSCI Brazil ETF-18.1%34.18625202641.73414202672
FXIiShares China Large-Cap ETF-22.3%31.68625202640.781292026147
ILFiShares Latin America 40 ETF-11.9%33.56625202638.10414202672
KWEBKraneShares CSI China Internet ETF-37.3%23.63625202637.661122026164
SCHYSchwab International Dividend Equity ETF-6.1%31.66625202633.733012026116
COWZPacer US Cash Cows 100 ETF-5.0%62.21625202665.48601202624
ARKKARK Innovation ETF-8.0%76.54625202683.211132026163
URAGlobal X Uranium ETF-28.9%43.92625202661.811282026148
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-12.1%36.61625202641.63513202643
ROBOROBO Global Robotics & Automation Index ETF-7.6%83.44625202690.34602202623
LITGlobal X Lithium & Battery Tech ETF-14.4%78.45625202691.62511202645
ICLNiShares Global Clean Energy ETF-14.6%20.29625202623.75602202623
ARKQARK Autonomous Technology & Robotics ETF-13.9%123.846252026143.82528202628
ARKWARK Next Generation Internet ETF-12.2%135.696252026154.4812252025182
ARKXARK Space & Defense Innovation ETF-15.4%31.92625202637.74528202628
NASATema Space Innovators ETF-36.9%26.42625202641.89527202629
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-7.0%19.47625202620.9361620269
AGIXKraneShares Artificial Intelligence ETF-8.7%45.08625202649.40601202624
CGBLCapital Group Core Balanced ETF-6.2%34.41625202636.672252026120
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-14.9%59.90625202670.39511202645
RAAXVanEck Real Assets ETF-6.7%39.86625202642.70511202645
VGTVanguard Information Technology ETF-8.1%115.476252026125.62602202623
XLKState Street Technology Select Sector SPDR ETF-6.9%184.576252026198.21602202623
XLEState Street Energy Select Sector SPDR ETF-13.5%54.09625202662.56329202688
XLCState Street Communication Services Select Sector SPDR ETF-11.8%105.586252026119.702012026144
XLYState Street Consumer Discretionary Select Sector SPDR ETF-8.8%113.356252026124.271122026164
XLPState Street Consumer Staples Select Sector SPDR ETF-6.2%83.94625202689.513012026116
FXNFirst Trust Energy AlphaDEX Fund-11.9%20.42625202623.18329202688
ITAiShares U.S. Aerospace & Defense ETF-5.2%237.386252026250.423022026115
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-17.8%154.746252026188.18329202688
IGViShares Expanded Tech-Software Sector ETF-21.7%84.766252026108.2312252025182
IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF-6.2%177.766252026189.591152026161
MISLFirst Trust Indxx Aerospace & Defense ETF-14.2%43.73625202650.981192026157
RINGiShares MSCI Global Gold Miners ETF-34.6%65.01625202699.423012026116
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.5%21.68625202622.952162026129
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-14.8%16.11625202618.91512202644
DBCInvesco DB Commodity Index Tracking Fund-15.0%26.93625202631.69512202644
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-16.1%30.65625202636.53519202637
GSGiShares GSCI Commodity-5.8%30.01625202631.85318202699
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-13.4%22.44625202625.91512202644
FTGCFirst Trust Global Tactical Commodity Strategy Fund-11.5%27.03625202630.53512202644
HGERHarbor Commodity All-Weather Strategy ETF-12.2%29.38625202633.47512202644
GLDSPDR Gold Trust-25.5%369.466252026495.901292026147
IAUiShares Gold Trust-25.5%75.716252026101.571292026147
GLDMSPDR Gold MiniShares Trust-25.4%79.666252026106.771292026147
SGOLETFS Physical Swiss Gold Shares-13.1%44.66625202651.411292026147
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34625202653.161292026147
SLViShares Silver Trust-50.4%52.366252026105.601282026148
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.396252026110.871282026148
PPLTETFS Physical Platinum Shares-42.6%14.49625202625.231252026151
CPERUnited States Copper Index Fund ETV-13.9%33.33625202638.711292026147
PALLETFS Physical Palladium Shares-42.1%21.52625202637.181282026148
USOUnited States Oil Fund LP-28.5%109.316252026152.96519202637
UNGUnited States Natural Gas Fund LP-30.5%11.75625202616.902012026144
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85625202660.13504202652
IBITiShares Bitcoin Trust ETF-39.5%33.52625202655.441142026162
FBTCFidelity Wise Origin Bitcoin Fund-39.5%51.47625202685.121142026162
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84625202676.311142026162
ETHAiShares Ethereum Trust ETF-54.1%11.74625202625.591142026162

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-06-24

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$97.8B), followed by Bond (+$22.0B), while Commodity (−$5.0B) and Crypto (−$4.9B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$34.3B) and out of Factor Smart Beta (−$7.0B).
  • Relative to fund size, DRAM drew the largest inflow (+58.0% of AUM) and THRO the largest outflow (−37.0%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$42.9B+5.1%
2SPYState Street SPDR S&P 500 ETF TrustEquity US Large Cap Core+$16.01B+2.1%
3IWDiShares Russell 1000 Value ETFEquity US Large Value+$11.06B+14.6%
4QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$9.83B+2.0%
5DRAMRoundhill Memory ETFOther+$9.62B+58.0%
6SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$8.29B+5.6%
7IWFiShares Russell 1000 Growth ETFEquity US Large Growth+$6.93B+5.4%
8QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$5.53B+5.7%
9IUSBiShares Core Universal USD Bond ETFBond Core Plus Multisector+$5.22B+12.5%
10SGOViShares 0-3 Month Treasury Bond ETFCash+$4.7B+5.0%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$33.36B-3.3%
2QUALiShares MSCI USA Quality Factor ETFEquity Factor Smart Beta-$7.0B-15.4%
3EFViShares MSCI EAFE Value ETFEquity International Developed Broad-$5.82B-23.3%
4TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury-$3.54B-8.7%
5VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$3.43B-23.7%
6IBITiShares Bitcoin Trust ETFCrypto-$3.37B-6.8%
7GLD thisSPDR Gold SharesCommodity Gold-$2.95B-2.1%
8IAGGiShares Core International Aggregate Bond ETFBond International-$2.79B-25.3%
9DIAState Street SPDR Dow Jones Industrial Average ETF TrustEquity US Large Concentrated-$2.6B-5.8%
10THROiShares U.S. Thematic Rotation Active ETFEquity Thematic-$2.41B-37.0%

Largest ETF fund flows across ~2553 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About GLD

0Holdings Count: 0
Expense Ratio: 0.4%
Inception Date: 2004-11-18
SPDR Gold Shares
The SPDR Gold Trust aims to mirror the market price movements of physical gold bullion, after deducting its operational expenses. This pioneering fund was the first gold exchange-traded fund (ETF) to be introduced in the U.S., and also the initial U.S.-listed ETF to be backed by a tangible asset. For a significant number of investors, the combined expenses of purchasing GLD shares on the secondary market and covering the Trust's continuous fees could be lower than the expenditures associated with directly acquiring, safeguarding, and insuring physical gold within a conventional allocated bullion account.
Asset Class: Equity | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

GLDIAUGLDMSGOLBARMedian
NameSPDR Gold .iShares Go.SPDR Gold .ETFS Physi.Direxion D. 
Asset ClassCommodityCommodityCommodityCommodityCommodity-
AUM ($ Bil)139.064.328.87.31.428.8
Expense Ratio0.40%0.25%0.10%0.17%0.17%0.17%
10-D Avg Volume (Mil)8.517.554.963.340.314.96
Latest Day Volume (Mil)6.739.662.481.560.332.48
Holdings Count000010
Inception Date11/18/20041/21/20056/25/20189/9/20098/31/2017-

Fundamentals

GLDIAUGLDMSGOLBARMedian
NameSPDR Gold .iShares Go.SPDR Gold .ETFS Physi.Direxion D. 
Net Asset Value388.8179.6883.8141.3541.71-
Premium/Discount-5.0%-5.0%-5.0%---5.0%
Distribution Yield0.0%0.0%0.0%--0.0%
Sales Yield------
Earnings Yield------

Valuation

GLDIAUGLDMSGOLBARMedian
NameSPDR Gold .iShares Go.SPDR Gold .ETFS Physi.Direxion D. 
P/S (TTM)------
P/E (TTM)------
P/FCF (TTM)------
Forward P/E------
Forward P/S------

Risk

GLDIAUGLDMSGOLBARMedian
NameSPDR Gold .iShares Go.SPDR Gold .ETFS Physi.Direxion D. 
Volatility (1Y)27.7%27.1%27.5%27.3%27.6%27.5%
Volatility (3Y)20.4%20.2%20.3%19.9%19.5%20.2%
Volatility (5Y)18.3%18.1%18.2%17.9%17.5%18.1%
Beta (1Y)0.680.620.670.500.410.62
Beta (3Y)0.240.230.230.190.160.23
Beta (5Y)0.160.150.150.130.120.15
Sharpe Ratio (1Y)0.820.830.831.551.620.83
Sharpe Ratio (3Y)1.281.301.301.631.671.30
Sharpe Ratio (5Y)0.970.980.991.191.200.99
Max Drawdown (1Y)-26.2%-26.2%-26.1%-19.1%-16.6%-26.1%
Max Drawdown (3Y)-26.2%-26.2%-26.1%-19.1%-16.6%-26.1%
Max Drawdown (5Y)-26.2%-26.2%-26.1%-20.9%-20.9%-26.1%

Returns

GLDIAUGLDMSGOLBARMedian
NameSPDR Gold .iShares Go.SPDR Gold .ETFS Physi.Direxion D. 
1M Return-10.8%-10.7%-10.7%---10.7%
3M Return-11.2%-11.2%-11.2%---11.2%
6M Return-9.5%-9.4%-9.3%---9.4%
YTD Return-6.8%-6.7%-6.7%---6.7%
1Y Return20.7%20.8%21.0%--20.8%
2Y Return69.4%69.8%70.4%--69.8%
3Y Return105.5%106.4%107.3%--106.4%

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity15.7 Mil
Short Interest: % Change Since 531202672.1%
Average Daily Volume8.5 Mil
Days-to-Cover Short Interest1.8 days