Find Comparable ETFs for SPDR Gold Shares
SPDR Gold Shares
GLD - PCXVanEck Gold Miners ETF
GDX - PCXThis is an ETF that tracks a diversified group of gold mining companies, offering exposure to the gold sector. While it does not invest directly in gold like GLD, its performance is influenced by gold prices, making it a relevant comparison.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 79%
R-squared: 62%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- GDX in GLD's comparables: Yes
- GLD in GDX's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GDX Beta: 0.77 (Low)
- GLD Beta: 0.15 (No Correlation)
- GDX 200-day Volatility: 32.19%
- GLD 200-day Volatility: 16.46%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GDX Price vs 200-day MA: 110%
- GLD Price vs 200-day MA: 112%
Performance Comparison:
| Period | GDX | GLD |
|---|---|---|
| Year_1 | 27% | 26% |
| Year_3 | 3% | 10% |
| Year_5 | 7% | 11% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Materials vs Precious Metals
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GDX Dividend Yield: 1%
- GLD Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
The Technology Select Sector SPDR Fund
XLK - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 26%
R-squared: 7%
This indicates a negligible relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- GLD in XLK's comparables: No
- XLK in GLD's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GLD Beta: 0.15 (No Correlation)
- XLK Beta: 1.14 (Average)
- GLD 200-day Volatility: 16.46%
- XLK 200-day Volatility: 22.59%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GLD Price vs 200-day MA: 112%
- XLK Price vs 200-day MA: 100%
Performance Comparison:
| Period | GLD | XLK |
|---|---|---|
| Year_1 | 26% | 19% |
| Year_3 | 10% | 11% |
| Year_5 | 11% | 22% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Precious Metals vs Technology Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GLD Dividend Yield: 0%
- XLK Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
SPDR S&P 500 ETF Trust
SPY - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 21%
R-squared: 4%
This indicates a negligible relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- GLD in SPY's comparables: No
- SPY in GLD's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GLD Beta: 0.15 (No Correlation)
- SPY Beta: 1.00 (Average)
- GLD 200-day Volatility: 16.46%
- SPY 200-day Volatility: 11.69%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GLD Price vs 200-day MA: 112%
- SPY Price vs 200-day MA: 104%
Performance Comparison:
| Period | GLD | SPY |
|---|---|---|
| Year_1 | 26% | 20% |
| Year_3 | 10% | 8% |
| Year_5 | 11% | 14% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Precious Metals vs Large Cap Growth Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GLD Dividend Yield: 0%
- SPY Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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