Data Source: from January 1871 to February 2024 (~153 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 20 2024
Category: Commodities
SPDR Gold Trust (GLD) ETF
ETF • LIVE PERFORMANCE (USD currency)
1.19%
1 Day
Mar 20 2024
6.80%
Current Month
March 2024
In the last 30 Years, the SPDR Gold Trust (GLD) ETF obtained a 5.46% compound annual return, with a 15.44% standard deviation.
Table of contents
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The ETF is related to the following investment themes:
- Asset Class: Commodity
- Commodity: Gold
The SPDR Gold Trust (GLD) ETF is part of the following Lazy Portfolios:
| Portfolio Name | Author | GLD Weight▾ | Currency |
|---|---|---|---|
| Gold | 100.00% | USD | |
| Gold Pivot Ptf | Aim Ways | 34.00% | USD |
| Permanent Portfolio | Harry Browne | 25.00% | USD |
| Paul Boyer Portfolio | Paul Boyer | 25.00% | USD |
| Simplified Permanent Portfolio | 25.00% | USD | |
| Marc Faber Portfolio | Marc Faber | 25.00% | USD |
| Permanent Portfolio with Bitcoin | Harry Browne | 23.00% | USD |
| Golden Butterfly | Tyler | 20.00% | USD |
| Weird Portfolio | Value Stock Geek | 20.00% | USD |
| Shield Strategy | Aim Ways | 20.00% | USD |
| Golden Butterfly with Bitcoin | 18.00% | USD | |
| Aim comfortable trip | Aim Ways | 15.00% | USD |
| Ulcer Free Strategy | Aim Ways | 11.00% | USD |
| Pinwheel | 10.00% | USD | |
| Desert Portfolio | Gyroscopic Investing | 10.00% | USD |
| In Saecula Saeculorum | Fulvio Marchese | 10.00% | USD |
| PISI Portfolio | Davide Pisicchio | 10.00% | USD |
| Desert Portfolio with Bitcoin | Gyroscopic Investing | 8.00% | USD |
| All Weather Portfolio | Ray Dalio | 7.50% | USD |
| All Weather Portfolio with Bitcoin | Ray Dalio | 6.50% | USD |
| GAA Global Asset Allocation | Mebane Faber | 5.00% | USD |
Investment Returns as of Feb 29, 2024
The SPDR Gold Trust (GLD) ETF guaranteed the following returns.
Returns are calculated in USD, assuming:
- no fees or capital gain taxes.
- the actual US Inflation rates.
SPDR GOLD TRUST (GLD) ETF
Consolidated returns as of 29 February 2024
Live Update: Mar 20 2024
Swipe left to see all data
| Chg (%) | Return (%) | Return (%) as of Feb 29, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Day | Time ET(*) | Mar 2024 | 1M | 6M | 1Y | 5Y | 10Y | 30Y | MAX (~153Y) | |||
| SPDR Gold Trust (GLD) ETF | 1.19 | 6.80 | 0.46 | 5.16 | 11.50 | 8.83 | 4.02 | 5.46 | 2.92 | |||
| US Inflation Adjusted return | 0.01 | 3.52 | 8.08 | 4.45 | 1.17 | 2.86 | 0.78 | |||||
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Feb 2024. Current inflation (annualized) is 1Y: 3.17% , 5Y: 4.19% , 10Y: 2.82% , 30Y: 2.54%
Live update: World Markets and Indexes
Capital Growth as of Feb 29, 2024
An investment of 1$, since March 1994, now would be worth 4.93$, with a total return of 393.44% (5.46% annualized).
The Inflation Adjusted Capital now would be 2.33$, with a net total return of 132.72% (2.86% annualized).
An investment of 1$, since January 1871, now would be worth 82.41$, with a total return of 8140.80% (2.92% annualized).
The Inflation Adjusted Capital now would be 3.31$, with a net total return of 230.59% (0.78% annualized).
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Investment Metrics as of Feb 29, 2024
Metrics of SPDR Gold Trust (GLD) ETF, updated as of 29 February 2024.
Metrics are calculated based on monthly returns, assuming:
- no fees or capital gain taxes.
- the actual US Inflation rates.
SPDR GOLD TRUST (GLD) ETF
Advanced Metrics
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Swipe left to see all data
| Metrics as of Feb 29, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX (~153Y) | |
| Investment Return (%) | 0.46 | 0.30 | 5.16 | 11.50 | 5.37 | 8.83 | 4.02 | 8.11 | 5.46 | 2.92 |
| Infl. Adjusted Return (%) details | 0.01 | -0.68 | 3.52 | 8.08 | -0.29 | 4.45 | 1.17 | 5.38 | 2.86 | 0.78 |
| US Inflation (%) | 0.44 | 0.98 | 1.59 | 3.17 | 5.68 | 4.19 | 2.82 | 2.59 | 2.54 | 2.12 |
| Returns / Inflation rates over 1 year are annualized. | ||||||||||
DRAWDOWN Inflation Adjusted: Inflation Adjusted: | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Deepest Drawdown Depth (%) | -7.22 | -15.91 | -18.08 | -20.76 | -42.91 | -42.91 | -61.78 | |||
| Start to Recovery (# months) details | 7 | 12 | 40 | 25 | 107 | 107 | 319 | |||
| Start (yyyy mm) | 2023 05 | 2022 04 | 2020 08 | 2014 07 | 2011 09 | 2011 09 | 1980 10 | |||
| Start to Bottom (# months) | 5 | 7 | 27 | 18 | 52 | 52 | 227 | |||
| Bottom (yyyy mm) | 2023 09 | 2022 10 | 2022 10 | 2015 12 | 2015 12 | 2015 12 | 1999 08 | |||
| Bottom to End (# months) | 2 | 5 | 13 | 7 | 55 | 55 | 92 | |||
| End (yyyy mm) | 2023 11 | 2023 03 | 2023 11 | 2016 07 | 2020 07 | 2020 07 | 2007 04 | |||
| Longest Drawdown Depth (%) | same as deepest | same as deepest | same as deepest | -18.08 | same as deepest | same as deepest | -12.20 | |||
| Start to Recovery (# months) details | 40 | 685 | ||||||||
| Start (yyyy mm) | 2023 05 | 2022 04 | 2020 08 | 2020 08 | 2011 09 | 2011 09 | 1876 01 | |||
| Start to Bottom (# months) | 5 | 7 | 27 | 27 | 52 | 52 | 37 | |||
| Bottom (yyyy mm) | 2023 09 | 2022 10 | 2022 10 | 2022 10 | 2015 12 | 2015 12 | 1879 01 | |||
| Bottom to End (# months) | 2 | 5 | 13 | 13 | 55 | 55 | 648 | |||
| End (yyyy mm) | 2023 11 | 2023 03 | 2023 11 | 2023 11 | 2020 07 | 2020 07 | 1933 01 | |||
| Longest negative period (# months) details | 6 | 28 | 39 | 63 | 145 | 145 | 744 | |||
| Period Start (yyyy mm) | 2023 04 | 2021 06 | 2020 08 | 2014 03 | 2011 09 | 2011 09 | 1871 01 | |||
| Period End (yyyy mm) | 2023 09 | 2023 09 | 2023 10 | 2019 05 | 2023 09 | 2023 09 | 1932 12 | |||
| Annualized Return (%) | -12.44 | -1.68 | -0.22 | -0.65 | -0.30 | -0.30 | -0.16 | |||
| Deepest Drawdown Depth (%) | -8.51 | -23.25 | -28.93 | -28.93 | -45.71 | -45.71 | -82.52 | |||
| Start to Recovery (# months) details | 7 | 33* | 43* | 43* | 150* | 150* | 529* | |||
| Start (yyyy mm) | 2023 05 | 2021 06 | 2020 08 | 2020 08 | 2011 09 | 2011 09 | 1980 02 | |||
| Start to Bottom (# months) | 5 | 17 | 27 | 27 | 52 | 52 | 254 | |||
| Bottom (yyyy mm) | 2023 09 | 2022 10 | 2022 10 | 2022 10 | 2015 12 | 2015 12 | 2001 03 | |||
| Bottom to End (# months) | 2 | 16 | 16 | 16 | 98 | 98 | 275 | |||
| End (yyyy mm) | 2023 11 | - | - | - | - | - | - | |||
| Longest Drawdown Depth (%) | same as deepest | same as deepest | same as deepest | -21.24 | same as deepest | same as deepest | -72.42 | |||
| Start to Recovery (# months) details | 66 | 929 | ||||||||
| Start (yyyy mm) | 2023 05 | 2021 06 | 2020 08 | 2014 03 | 2011 09 | 2011 09 | 1896 10 | |||
| Start to Bottom (# months) | 5 | 17 | 27 | 22 | 52 | 52 | 886 | |||
| Bottom (yyyy mm) | 2023 09 | 2022 10 | 2022 10 | 2015 12 | 2015 12 | 2015 12 | 1970 07 | |||
| Bottom to End (# months) | 2 | 16 | 16 | 44 | 98 | 98 | 43 | |||
| End (yyyy mm) | 2023 11 | - | - | 2019 08 | - | - | 1974 02 | |||
| Longest negative period (# months) details | 10* | 36* | 49 | 104 | 159 | 159 | 1587 | |||
| Period Start (yyyy mm) | 2023 05 | 2021 03 | 2019 09 | 2014 03 | 2010 07 | 2010 07 | 1871 01 | |||
| Period End (yyyy mm) | 2024 02 | 2024 02 | 2023 09 | 2022 10 | 2023 09 | 2023 09 | 2003 03 | |||
| Annualized Return (%) | -0.24 | -0.29 | -0.15 | -0.70 | -0.03 | -0.03 | 0.00 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
RISK INDICATORS | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Standard Deviation (%) | 12.37 | 13.39 | 14.38 | 14.00 | 16.75 | 15.44 | 12.66 | |||
| Sharpe Ratio | 0.51 | 0.22 | 0.49 | 0.20 | 0.40 | 0.21 | -0.08 | |||
| Sortino Ratio | 0.82 | 0.35 | 0.75 | 0.31 | 0.58 | 0.31 | -0.15 | |||
| Ulcer Index | 2.45 | 5.92 | 6.98 | 8.35 | 19.57 | 20.47 | 22.33 | |||
| Ratio: Return / Standard Deviation | 0.93 | 0.40 | 0.61 | 0.29 | 0.48 | 0.35 | 0.23 | |||
| Ratio: Return / Deepest Drawdown | 1.59 | 0.34 | 0.49 | 0.19 | 0.19 | 0.13 | 0.05 | |||
| % Positive Months details | 58% | 47% | 48% | 46% | 52% | 50% | 81% | |||
| Positive Months | 7 | 17 | 29 | 56 | 125 | 182 | 1496 | |||
| Negative Months | 5 | 19 | 31 | 64 | 115 | 178 | 342 | |||
LONG TERM RETURNS Inflation Adjusted: Inflation Adjusted: | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Best 10 Years Return (%) - Annualized | 4.02 | 12.40 | 20.54 | 34.02 | ||||||
| Worst 10 Years Return (%) - Annualized | -1.05 | -1.05 | -5.99 | |||||||
| Best 10 Years Return (%) - Annualized | 1.17 | 9.86 | 17.65 | 24.69 | ||||||
| Worst 10 Years Return (%) - Annualized | -3.48 | -3.48 | -10.17 | |||||||
ROLLING PERIODS Inflation Adjusted: Inflation Adjusted: | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Over the latest 30Y | ||||||||||
| Best Rolling Return (%) - Annualized | 54.21 | 32.87 | 23.37 | 20.54 | 9.95 | 5.46 | ||||
| Worst Rolling Return (%) - Annualized | -28.33 | -15.02 | -8.25 | -1.05 | 4.91 | |||||
| % Positive Periods | 61% | 66% | 69% | 96% | 100% | 100% | ||||
| SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized | 82.56 | 24.17 | 13.87 | 6.91 | 4.83 | 3.96 | ||||
| PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized | - | - | - | - | 2.11 | 2.26 | ||||
| WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com | ||||||||||
| Best Rolling Return (%) - Annualized | 48.31 | 30.94 | 21.04 | 17.65 | 7.75 | 2.86 | ||||
| Worst Rolling Return (%) - Annualized | -29.40 | -15.83 | -10.50 | -3.48 | 2.65 | |||||
| % Positive Periods | 54% | 57% | 65% | 79% | 100% | 100% | ||||
| SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized | 82.56 | 24.17 | 13.87 | 6.91 | 4.83 | 3.96 | ||||
| PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized | - | - | - | - | 2.11 | 2.26 | ||||
| WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com | ||||||||||
| Over all the available data source (Jan 1871 - Feb 2024) | ||||||||||
| Best Rolling Return (%) - Annualized | 179.42 | 70.26 | 39.62 | 34.02 | 15.64 | 9.81 | ||||
| Worst Rolling Return (%) - Annualized | -37.71 | -15.32 | -14.69 | -5.99 | -4.36 | -0.43 | ||||
| % Positive Periods | 72% | 76% | 76% | 78% | 84% | 93% | ||||
| SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized | 72.10 | 19.10 | 10.00 | 4.59 | 1.73 | 1.06 | ||||
| PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized | - | - | - | - | - | - | ||||
| WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com | ||||||||||
| Best Rolling Return (%) - Annualized | 145.39 | 55.18 | 30.97 | 24.69 | 10.01 | 5.44 | ||||
| Worst Rolling Return (%) - Annualized | -42.05 | -20.23 | -19.61 | -10.17 | -7.77 | -3.39 | ||||
| % Positive Periods | 45% | 41% | 41% | 45% | 53% | 66% | ||||
| SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized | 72.10 | 19.10 | 10.00 | 4.59 | 1.73 | 1.06 | ||||
| PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized | - | - | - | - | - | - | ||||
| WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com | ||||||||||
Terms and Definitions
- Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
- Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
- Longest negative period: it's the maximum period for which an overall negative return has been observed.
- Standard Deviation: it's a measure of the dispersion of returns around the mean.
- Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
- Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
- Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
- Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
- Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
- Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation. - Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Correlations as of Feb 29, 2024
Correlation measures to what degree the returns of the two assets move in relation to each other.
Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Monthly correlations of SPDR Gold Trust (GLD) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).
SPDR GOLD TRUST (GLD) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
| Correlation vs GLD | ||||||
|---|---|---|---|---|---|---|
| Asset Class | 1 Year | 5 Years | 10 Years | 30 Years | Since Jan 1992 | |
| VTI | US Total Stock Market | 0.16 | 0.24 | 0.09 | 0.06 | 0.06 |
| SPY | US Large Cap | 0.21 | 0.25 | 0.10 | 0.05 | 0.04 |
| IJR | US Small Cap | -0.07 | 0.10 | -0.03 | 0.06 | 0.06 |
| VNQ | US REITs | 0.15 | 0.28 | 0.19 | 0.14 | 0.13 |
| QQQ | US Technology | 0.31 | 0.27 | 0.11 | 0.02 | 0.02 |
| PFF | Preferred Stocks | -0.28 | 0.27 | 0.21 | 0.04 | 0.04 |
| EFA | EAFE Stocks | 0.27 | 0.29 | 0.16 | 0.18 | 0.18 |
| VT | World All Countries | 0.20 | 0.27 | 0.15 | 0.14 | 0.14 |
| EEM | Emerging Markets | 0.29 | 0.36 | 0.30 | 0.27 | 0.26 |
| VGK | Europe | 0.27 | 0.29 | 0.17 | 0.14 | 0.14 |
| VPL | Pacific | 0.25 | 0.28 | 0.16 | 0.22 | 0.21 |
| FLLA | Latin America | 0.05 | 0.20 | 0.26 | 0.27 | 0.26 |
| BND | US Total Bond Market | 0.42 | 0.47 | 0.46 | 0.30 | 0.29 |
| TLT | Long Term Treasuries | 0.35 | 0.40 | 0.42 | 0.20 | 0.19 |
| BIL | US Cash | -0.09 | 0.06 | 0.10 | 0.00 | 0.00 |
| TIPS | 0.56 | 0.48 | 0.49 | 0.35 | 0.32 | |
| LQD | Invest. Grade Bonds | 0.38 | 0.45 | 0.42 | 0.26 | 0.25 |
| HYG | High Yield Bonds | 0.29 | 0.32 | 0.28 | 0.15 | 0.14 |
| CWB | US Convertible Bonds | -0.03 | 0.21 | 0.15 | 0.12 | 0.12 |
| BNDX | International Bonds | 0.51 | 0.40 | 0.36 | 0.24 | 0.23 |
| EMB | Emerg. Market Bonds | 0.33 | 0.43 | 0.39 | 0.30 | 0.30 |
| DBC | Commodities | -0.07 | 0.04 | 0.11 | 0.30 | 0.28 |
If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.
Drawdowns
A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
SPDR GOLD TRUST (GLD) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Inflation Adjusted:
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -42.91% | Sep 2011 | Dec 2015 | 52 | Jul 2020 | 55 | 107 | 28.29 |
| -37.17% | Feb 1996 | Aug 1999 | 43 | Dec 2003 | 52 | 95 | 24.75 |
| -25.83% | Mar 2008 | Oct 2008 | 8 | May 2009 | 7 | 15 | 10.74 |
| -18.08% | Aug 2020 | Oct 2022 | 27 | Nov 2023 | 13 | 40 | 8.45 |
| -8.64% | Dec 2004 | May 2005 | 6 | Sep 2005 | 4 | 10 | 5.30 |
| -8.63% | May 2006 | Sep 2006 | 5 | Feb 2007 | 5 | 10 | 4.31 |
| -8.37% | Dec 2009 | Jan 2010 | 2 | May 2010 | 4 | 6 | 5.13 |
| -8.31% | Apr 2004 | Apr 2004 | 1 | Oct 2004 | 6 | 7 | 5.49 |
| -6.38% | Jan 2011 | Jan 2011 | 1 | Mar 2011 | 2 | 3 | 3.21 |
| -5.22% | Jun 2009 | Jun 2009 | 1 | Sep 2009 | 3 | 4 | 2.98 |
| -5.09% | Jul 2010 | Jul 2010 | 1 | Aug 2010 | 1 | 2 | 2.94 |
| -5.05% | Oct 1994 | Jan 1995 | 4 | Jan 1996 | 12 | 16 | 2.75 |
| -4.90% | Jan 2004 | Feb 2004 | 2 | Mar 2004 | 1 | 3 | 3.15 |
| -4.20% | May 2007 | Jun 2007 | 2 | Sep 2007 | 3 | 5 | 2.14 |
| -4.18% | May 2011 | Jun 2011 | 2 | Jul 2011 | 1 | 3 | 2.27 |
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -45.71% | Sep 2011 | Dec 2015 | 52 | in progress | 98 | 150 | 30.32 |
| -44.69% | Apr 1994 | Mar 2001 | 84 | Jan 2006 | 58 | 142 | 26.91 |
| -27.30% | Mar 2008 | Oct 2008 | 8 | Sep 2009 | 11 | 19 | 10.55 |
| -9.58% | May 2006 | Sep 2006 | 5 | Feb 2007 | 5 | 10 | 4.97 |
| -8.48% | Dec 2009 | Jan 2010 | 2 | May 2010 | 4 | 6 | 5.18 |
| -6.68% | Jan 2011 | Jan 2011 | 1 | Apr 2011 | 3 | 4 | 3.06 |
| -5.26% | Jul 2010 | Jul 2010 | 1 | Sep 2010 | 2 | 3 | 2.63 |
| -4.82% | May 2007 | Jun 2007 | 2 | Sep 2007 | 3 | 5 | 2.61 |
| -4.48% | May 2011 | Jun 2011 | 2 | Jul 2011 | 1 | 3 | 2.48 |
| -2.42% | Nov 2007 | Nov 2007 | 1 | Dec 2007 | 1 | 2 | 1.40 |
| -1.62% | Mar 2007 | Mar 2007 | 1 | Apr 2007 | 1 | 2 | 0.94 |
| -1.16% | Feb 2006 | Feb 2006 | 1 | Mar 2006 | 1 | 2 | 0.67 |
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -61.78% | Oct 1980 | Aug 1999 | 227 | Apr 2007 | 92 | 319 | 44.50 |
| -44.24% | Jan 1975 | Aug 1976 | 20 | Jul 1978 | 23 | 43 | 22.42 |
| -42.91% | Sep 2011 | Dec 2015 | 52 | Jul 2020 | 55 | 107 | 28.29 |
| -25.83% | Mar 2008 | Oct 2008 | 8 | May 2009 | 7 | 15 | 10.74 |
| -24.27% | Feb 1980 | Mar 1980 | 2 | Jun 1980 | 3 | 5 | 14.98 |
| -20.49% | Jul 1973 | Oct 1973 | 4 | Jan 1974 | 3 | 7 | 13.59 |
| -20.28% | Nov 1978 | Nov 1978 | 1 | Feb 1979 | 3 | 4 | 9.71 |
| -19.77% | May 1969 | Jan 1970 | 9 | Dec 1971 | 23 | 32 | 12.66 |
| -18.25% | Jan 1948 | Jan 1955 | 85 | Mar 1969 | 170 | 255 | 15.35 |
| -18.08% | Aug 2020 | Oct 2022 | 27 | Nov 2023 | 13 | 40 | 8.45 |
| -16.62% | Apr 1974 | Jun 1974 | 3 | Nov 1974 | 5 | 8 | 9.02 |
| -12.20% | Jan 1876 | Jan 1879 | 37 | Jan 1933 | 648 | 685 | 12.05 |
| -8.37% | Dec 2009 | Jan 2010 | 2 | May 2010 | 4 | 6 | 5.13 |
| -6.88% | Aug 1972 | Nov 1972 | 4 | Feb 1973 | 3 | 7 | 4.42 |
| -6.38% | Jan 2011 | Jan 2011 | 1 | Mar 2011 | 2 | 3 | 3.21 |
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -82.52% | Feb 1980 | Mar 2001 | 254 | in progress | 275 | 529 | 57.38 |
| -72.42% | Oct 1896 | Jul 1970 | 886 | Feb 1974 | 43 | 929 | 49.21 |
| -49.85% | Apr 1974 | Aug 1976 | 29 | Feb 1979 | 30 | 59 | 26.35 |
| -23.39% | Jul 1879 | Aug 1882 | 38 | Jun 1885 | 34 | 72 | 15.01 |
| -12.11% | Aug 1876 | Jan 1877 | 6 | Nov 1877 | 10 | 16 | 5.79 |
| -11.89% | Jul 1892 | Feb 1893 | 8 | Aug 1893 | 6 | 14 | 6.68 |
| -10.15% | Jul 1886 | Jan 1888 | 19 | Nov 1891 | 46 | 65 | 5.30 |
| -9.52% | Sep 1871 | Feb 1873 | 18 | Nov 1873 | 9 | 27 | 5.78 |
| -6.67% | Aug 1894 | Jun 1895 | 11 | Feb 1896 | 8 | 19 | 3.36 |
| -5.59% | Jan 1871 | Mar 1871 | 3 | May 1871 | 2 | 5 | 3.02 |
| -5.41% | Mar 1979 | Mar 1979 | 1 | May 1979 | 2 | 3 | 3.46 |
| -5.18% | Sep 1893 | Oct 1893 | 2 | Jan 1894 | 3 | 5 | 2.90 |
| -4.86% | Oct 1979 | Oct 1979 | 1 | Nov 1979 | 1 | 2 | 2.81 |
| -4.49% | Jan 1876 | Jan 1876 | 1 | Jun 1876 | 5 | 6 | 3.24 |
| -3.43% | Nov 1885 | Dec 1885 | 2 | Apr 1886 | 4 | 6 | 1.49 |
Rolling Returns
( more details)
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
SPDR GOLD TRUST (GLD) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -28.33 | 01/2013 12/2013 | 0.71$ | -8.65 | 0.91$ | 4.46 | 1.04$ | 23.69 | 1.23$ | 54.21 | 06/2005 05/2006 | 1.54$ | 11.50 | 38.68% |
| 2Y | -17.83 | 12/2012 11/2014 | 0.67$ | -7.75 | 0.85$ | 5.88 | 1.12$ | 19.60 | 1.43$ | 37.94 | 09/2009 08/2011 | 1.90$ | 3.02 | 33.83% |
| 3Y | -15.02 | 12/2012 11/2015 | 0.61$ | -6.98 | 0.80$ | 6.13 | 1.19$ | 18.65 | 1.67$ | 32.87 | 11/2008 10/2011 | 2.34$ | 5.37 | 33.23% |
| 5Y | -8.25 | 04/1996 03/2001 | 0.65$ | -5.33 | 0.76$ | 6.81 | 1.39$ | 18.76 | 2.36$ | 23.37 | 11/2005 10/2010 | 2.85$ | 8.83 | 30.56% |
| 7Y | -6.20 | 09/2011 08/2018 | 0.63$ | -2.16 | 0.85$ | 5.51 | 1.45$ | 18.16 | 3.21$ | 23.33 | 09/2004 08/2011 | 4.33$ | 6.83 | 23.10% |
| 10Y | -1.05 | 10/2012 09/2022 | 0.89$ | 1.22 | 1.12$ | 6.26 | 1.83$ | 15.29 | 4.15$ | 20.54 | 09/2001 08/2011 | 6.47$ | 4.02 | 3.32% |
| 15Y | 3.86 | 03/2008 02/2023 | 1.76$ | 6.28 | 2.49$ | 8.84 | 3.56$ | 10.48 | 4.45$ | 12.12 | 12/1997 11/2012 | 5.56$ | 4.88 | 0.00% |
| 20Y | 4.91 | 01/1996 12/2015 | 2.60$ | 5.56 | 2.95$ | 7.56 | 4.29$ | 9.33 | 5.95$ | 9.95 | 08/2000 07/2020 | 6.66$ | 8.11 | 0.00% |
| 30Y | 5.46 | 03/1994 02/2024 | 4.93$ | 5.46 | 4.93$ | 5.46 | 4.93$ | 5.46 | 4.93$ | 5.46 | 03/1994 02/2024 | 4.93$ | 5.46 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -29.40 | 01/2013 12/2013 | 0.70$ | -11.60 | 0.88$ | 2.03 | 1.02$ | 21.44 | 1.21$ | 48.31 | 06/2005 05/2006 | 1.48$ | 8.08 | 45.56% |
| 2Y | -18.90 | 10/2012 09/2014 | 0.65$ | -10.43 | 0.80$ | 3.11 | 1.06$ | 17.13 | 1.37$ | 35.71 | 11/2008 10/2010 | 1.84$ | -1.47 | 43.03% |
| 3Y | -15.83 | 12/2012 11/2015 | 0.59$ | -8.93 | 0.75$ | 3.09 | 1.09$ | 15.70 | 1.54$ | 30.94 | 11/2008 10/2011 | 2.24$ | -0.29 | 42.46% |
| 5Y | -10.50 | 04/1996 03/2001 | 0.57$ | -7.09 | 0.69$ | 4.09 | 1.22$ | 15.84 | 2.08$ | 21.04 | 11/2005 10/2010 | 2.59$ | 4.45 | 34.22% |
| 7Y | -8.11 | 04/1994 03/2001 | 0.55$ | -3.85 | 0.75$ | 3.11 | 1.23$ | 15.19 | 2.69$ | 20.23 | 09/2004 08/2011 | 3.63$ | 3.19 | 28.88% |
| 10Y | -3.48 | 10/2012 09/2022 | 0.70$ | -1.16 | 0.88$ | 4.06 | 1.48$ | 12.61 | 3.27$ | 17.65 | 09/2001 08/2011 | 5.07$ | 1.17 | 20.33% |
| 15Y | 1.47 | 03/2008 02/2023 | 1.24$ | 3.82 | 1.75$ | 6.62 | 2.61$ | 8.05 | 3.19$ | 9.48 | 12/1997 11/2012 | 3.89$ | 2.26 | 0.00% |
| 20Y | 2.65 | 01/1996 12/2015 | 1.68$ | 3.34 | 1.92$ | 5.18 | 2.74$ | 6.93 | 3.81$ | 7.75 | 08/2000 07/2020 | 4.45$ | 5.38 | 0.00% |
| 30Y | 2.86 | 03/1994 02/2024 | 2.32$ | 2.86 | 2.32$ | 2.86 | 2.32$ | 2.86 | 2.32$ | 2.86 | 03/1994 02/2024 | 2.32$ | 2.86 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -37.71 | 04/1981 03/1982 | 0.62$ | -2.75 | 0.97$ | 0.00 | 1.00$ | 11.50 | 1.11$ | 179.42 | 02/1979 01/1980 | 2.79$ | 11.50 | 27.20% |
| 2Y | -30.30 | 07/1980 06/1982 | 0.48$ | -2.32 | 0.95$ | 0.00 | 1.00$ | 9.76 | 1.20$ | 92.76 | 02/1978 01/1980 | 3.71$ | 3.02 | 26.83% |
| 3Y | -15.32 | 11/1980 10/1983 | 0.60$ | -1.61 | 0.95$ | 0.00 | 1.00$ | 10.55 | 1.35$ | 70.26 | 02/1977 01/1980 | 4.93$ | 5.37 | 23.85% |
| 5Y | -14.69 | 03/1980 02/1985 | 0.45$ | -1.66 | 0.91$ | 0.00 | 1.00$ | 11.11 | 1.69$ | 39.62 | 01/1970 12/1974 | 5.30$ | 8.83 | 23.72% |
| 7Y | -6.75 | 02/1980 01/1987 | 0.61$ | -1.32 | 0.91$ | 0.00 | 1.00$ | 7.81 | 1.69$ | 38.74 | 02/1973 01/1980 | 9.89$ | 6.83 | 22.11% |
| 10Y | -5.99 | 07/1980 06/1990 | 0.53$ | -0.76 | 0.92$ | 0.00 | 1.00$ | 9.08 | 2.38$ | 34.02 | 02/1970 01/1980 | 18.69$ | 4.02 | 21.99% |
| 15Y | -3.63 | 02/1980 01/1995 | 0.57$ | -0.50 | 0.92$ | 0.05 | 1.00$ | 9.18 | 3.73$ | 21.61 | 10/1965 09/1980 | 18.80$ | 4.88 | 21.28% |
| 20Y | -4.36 | 10/1980 09/2000 | 0.41$ | 0.00 | 0.99$ | 0.79 | 1.16$ | 8.14 | 4.78$ | 15.64 | 10/1960 09/1980 | 18.29$ | 8.11 | 15.70% |
| 30Y | -0.43 | 02/1875 01/1905 | 0.87$ | 0.00 | 1.00$ | 1.89 | 1.75$ | 7.27 | 8.21$ | 9.81 | 10/1950 09/1980 | 16.58$ | 5.46 | 6.56% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -42.05 | 10/1980 09/1981 | 0.57$ | -9.09 | 0.90$ | -0.93 | 0.99$ | 11.36 | 1.11$ | 145.39 | 02/1979 01/1980 | 2.45$ | 8.08 | 54.08% |
| 2Y | -35.72 | 07/1980 06/1982 | 0.41$ | -7.13 | 0.86$ | -1.00 | 0.98$ | 9.57 | 1.20$ | 75.99 | 04/1972 03/1974 | 3.09$ | -1.47 | 57.52% |
| 3Y | -20.23 | 10/1980 09/1983 | 0.50$ | -5.81 | 0.83$ | -0.86 | 0.97$ | 8.27 | 1.26$ | 55.18 | 04/1971 03/1974 | 3.73$ | -0.29 | 58.46% |
| 5Y | -19.61 | 03/1980 02/1985 | 0.33$ | -4.65 | 0.78$ | -1.01 | 0.95$ | 7.88 | 1.46$ | 30.97 | 01/1970 12/1974 | 3.85$ | 4.45 | 58.57% |
| 7Y | -11.37 | 02/1980 01/1987 | 0.42$ | -4.44 | 0.72$ | -1.11 | 0.92$ | 8.57 | 1.77$ | 27.30 | 02/1973 01/1980 | 5.41$ | 3.19 | 56.70% |
| 10Y | -10.17 | 07/1980 06/1990 | 0.34$ | -4.35 | 0.64$ | -1.01 | 0.90$ | 7.52 | 2.06$ | 24.69 | 02/1970 01/1980 | 9.08$ | 1.17 | 54.39% |
| 15Y | -7.76 | 02/1980 01/1995 | 0.29$ | -3.75 | 0.56$ | -0.07 | 0.98$ | 6.11 | 2.43$ | 14.26 | 02/1965 01/1980 | 7.38$ | 2.26 | 50.45% |
| 20Y | -7.77 | 10/1980 09/2000 | 0.19$ | -3.30 | 0.51$ | 0.72 | 1.15$ | 4.95 | 2.62$ | 10.01 | 02/1960 01/1980 | 6.74$ | 5.38 | 46.03% |
| 30Y | -3.39 | 07/1896 06/1926 | 0.35$ | -2.53 | 0.46$ | 0.32 | 1.09$ | 2.70 | 2.22$ | 5.44 | 02/1950 01/1980 | 4.89$ | 2.86 | 33.27% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
If you need a deeper detail about rolling returns, please refer to the SPDR Gold Trust (GLD) ETF: Rolling Returns page.
Seasonality
In which months is it better to invest in SPDR Gold Trust (GLD) ETF?
Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the
page.
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency | 0.79 | -1.14 | 1.25 | 1.79 | 1.48 | -0.04 | 2.61 | 0.66 | -3.69 | 1.82 | 0.34 | 3.64 |
| Best | 5.8 2023 | 6.1 2022 | 7.9 2023 | 7.3 2020 | 7.7 2021 | 8.0 2019 | 10.8 2020 | 7.9 2019 | -2.9 2022 | 7.4 2023 | 8.5 2022 | 7.0 2020 |
| Worst | -3.2 2021 | -6.3 2021 | -1.6 2019 | -2.1 2022 | -3.3 2022 | -7.1 2021 | -2.6 2022 | -2.9 2022 | -4.8 2023 | -1.8 2022 | -5.4 2020 | 1.3 2023 |
Monthly Seasonality over the period Feb 1871 - Feb 2024
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency | 2.96 | -0.02 | 0.03 | 1.52 | -0.25 | 0.78 | 0.48 | 0.62 | -2.98 | 0.68 | -1.32 | 2.42 |
| Best | 8.7 2015 | 10.9 2016 | 7.9 2023 | 7.3 2020 | 7.7 2021 | 9.0 2016 | 10.8 2020 | 7.9 2019 | 0.7 2016 | 7.4 2023 | 8.5 2022 | 7.0 2020 |
| Worst | -3.2 2021 | -6.3 2021 | -3.1 2014 | -2.1 2022 | -6.1 2016 | -7.1 2021 | -6.6 2015 | -3.3 2016 | -6.2 2014 | -3.1 2014 | -8.4 2016 | -1.9 2016 |
Monthly Seasonality over the period Feb 1871 - Feb 2024
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency | 1.00 | 0.39 | -0.10 | 0.31 | 0.36 | -0.06 | 0.22 | 0.26 | 0.44 | 0.05 | 0.26 | 0.47 |
| Best | 56.4 1933 | 28.8 1973 | 14.4 1985 | 12.9 1982 | 26.5 1973 | 22.0 1980 | 10.8 2020 | 20.0 1982 | 26.1 1979 | 11.7 1978 | 12.8 2009 | 23.2 1979 |
| Worst | -14.1 1981 | -18.2 1983 | -22.4 1980 | -8.3 2004 | -10.0 1982 | -11.1 1981 | -9.1 1976 | -10.5 1973 | -11.6 1975 | -16.1 2008 | -20.3 1978 | -10.7 2011 |
Monthly Seasonality over the period Feb 1871 - Feb 2024
Monthly Returns
This section provides a visual/tabular representation of the performance variability in the SPDR Gold Trust (GLD) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.
SPDR GOLD TRUST (GLD) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
182 Positive Months (51%) - 178 Negative Months (49%)
1496 Positive Months (81%) - 342 Negative Months (19%)
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Investment Returns, up to December 2004, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.
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