SPDR Gold Trust (GLD) to EUR: Rolling Returns

Simulation Settings
Category:
Period: August 1953 - February 2026 (~73 years)
Initial Amount: 1€
Currency: EUR
GLD is not denominated in EUR. Returns are simulated using exchange rates or interest rate differentials in case of currency hedging.
Inflation: Eurozone
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This asset allocation includes ETFs not denominated in EUR. Returns are calculated using exchange rates or, if applicable, interest rate differentials for currency hedging.

When holding the SPDR Gold Trust (GLD) to EUR ETF, how long should you stay invested to have high probability to achieve a positive return?

Over the selected period (~73 years), the longest duration with a negative return was 313 months (from October 1980 to October 2006).

This indicates that, within the same timeframe, any rolling period of 314 months or more has consistently resulted in a positive return.

Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.

Previous vs subsequent Returns

Is there a correlation between past and future returns over all 10-year rolling periods?

The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).

Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.

SPDR GOLD TRUST (GLD) TO EUR ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 March 1996 - 28 February 2026 (30 Years)
Time Period: 1 August 1953 - 28 February 2026 (~73 years)
30 Years
(1996/03 - 2026/02)
All Data
(1953/08 - 2026/02)

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As of Feb 28, 2026, the annualized return of the previous 10 years has been 14.36%.

Rolling Returns

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) TO EUR ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 March 1996 - 28 February 2026 (30 Years)
Time Period: 1 August 1953 - 28 February 2026 (~73 years)
30 Years
(1996/03 - 2026/02)
All Data
(1953/08 - 2026/02)
Eurozone Inflation Adjusted:

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Rolling Period Analysis

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.

SPDR GOLD TRUST (GLD) TO EUR ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 August 1953 - 28 February 2026 (~73 years)
Over Time
Histogram
Eurozone Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-31.20%
Jan 2013 - Dec 2013
+2.91% +161.70%
Feb 1979 - Jan 1980
38.49%
331 out of 860
-33.37%
Sep 1975 - Aug 1976
+0.27% +149.45%
Feb 1979 - Jan 1980
49.42%
425 out of 860
-17.06%
Feb 2012 - Jan 2014
+2.77% +80.47%
Apr 1972 - Mar 1974
33.25%
282 out of 848
-20.91%
Sep 1974 - Aug 1976
+0.76% +70.33%
Feb 1978 - Jan 1980
46.93%
398 out of 848
-11.71%
Aug 1987 - Jul 1990
+3.12% +55.78%
Feb 1977 - Jan 1980
29.55%
247 out of 836
-14.84%
Sep 1989 - Aug 1992
+0.28% +50.37%
Feb 1977 - Jan 1980
48.09%
402 out of 836
-11.64%
Sep 1988 - Aug 1992
+3.14% +47.04%
Sep 1976 - Aug 1980
25.49%
210 out of 824
-14.74%
Sep 1988 - Aug 1992
+0.79% +41.32%
Sep 1976 - Aug 1980
43.81%
361 out of 824
-9.94%
Sep 1987 - Aug 1992
+3.20% +34.58%
Sep 1976 - Aug 1981
25.25%
205 out of 812
-12.70%
Sep 1987 - Aug 1992
+1.07% +28.74%
Sep 1976 - Aug 1981
41.50%
337 out of 812
-8.00%
Feb 1985 - Jan 1991
+3.39% +28.59%
Sep 1976 - Aug 1982
24.88%
199 out of 800
-10.34%
Oct 1986 - Sep 1992
+1.16% +22.92%
Sep 1976 - Aug 1982
44.25%
354 out of 800
-8.06%
Sep 1985 - Aug 1992
+3.34% +32.49%
Feb 1973 - Jan 1980
25.51%
201 out of 788
-10.12%
Sep 1985 - Aug 1992
+0.88% +26.46%
Feb 1973 - Jan 1980
45.43%
358 out of 788
-8.34%
Feb 1983 - Jan 1991
+4.40% +33.41%
Feb 1972 - Jan 1980
21.91%
170 out of 776
-10.05%
Feb 1983 - Jan 1991
+2.37% +27.11%
Feb 1972 - Jan 1980
45.10%
350 out of 776
-7.89%
Sep 1983 - Aug 1992
+5.09% +31.01%
Feb 1971 - Jan 1980
19.50%
149 out of 764
-9.88%
Sep 1983 - Aug 1992
+3.08% +24.75%
Feb 1971 - Jan 1980
41.62%
318 out of 764
-6.38%
Feb 1983 - Jan 1993
+5.34% +28.63%
Oct 1970 - Sep 1980
19.28%
145 out of 752
-8.45%
Feb 1983 - Jan 1993
+3.48% +22.44%
Feb 1970 - Jan 1980
38.70%
291 out of 752
-5.15%
Sep 1981 - Aug 1992
+6.00% +25.70%
Dec 1969 - Nov 1980
17.84%
132 out of 740
-7.51%
Sep 1981 - Aug 1992
+3.79% +19.69%
Dec 1969 - Nov 1980
36.35%
269 out of 740
-5.18%
Sep 1980 - Aug 1992
+6.38% +24.03%
Feb 1971 - Jan 1983
16.90%
123 out of 728
-7.84%
Sep 1980 - Aug 1992
+4.11% +18.02%
Feb 1968 - Jan 1980
33.65%
245 out of 728
-4.24%
Sep 1985 - Aug 1998
+6.57% +22.69%
Feb 1970 - Jan 1983
17.32%
124 out of 716
-6.63%
Feb 1980 - Jan 1993
+4.07% +16.77%
Feb 1970 - Jan 1983
30.87%
221 out of 716
-4.44%
Oct 1984 - Sep 1998
+6.93% +20.08%
Dec 1969 - Nov 1983
17.19%
121 out of 704
-6.54%
Oct 1984 - Sep 1998
+4.29% +15.15%
Oct 1966 - Sep 1980
29.26%
206 out of 704
-4.65%
Sep 1983 - Aug 1998
+7.40% +19.44%
Feb 1968 - Jan 1983
17.63%
122 out of 692
-6.73%
Sep 1983 - Aug 1998
+4.71% +14.10%
Feb 1968 - Jan 1983
26.59%
184 out of 692
-4.53%
Feb 1983 - Jan 1999
+7.50% +18.16%
Feb 1967 - Jan 1983
16.76%
114 out of 680
-6.56%
Feb 1983 - Jan 1999
+4.88% +13.10%
Feb 1967 - Jan 1983
24.41%
166 out of 680
-3.41%
Feb 1983 - Jan 2000
+7.27% +17.04%
Feb 1966 - Jan 1983
15.87%
106 out of 668
-5.84%
Dec 1980 - Nov 1997
+4.64% +12.14%
Feb 1966 - Jan 1983
23.05%
154 out of 668
-3.48%
Oct 1980 - Sep 1998
+7.30% +16.02%
Feb 1965 - Jan 1983
14.79%
97 out of 656
-5.99%
Oct 1980 - Sep 1998
+4.73% +11.18%
Feb 1965 - Jan 1983
21.80%
143 out of 656
-3.19%
Sep 1980 - Aug 1999
+7.19% +15.14%
Feb 1964 - Jan 1983
13.04%
84 out of 644
-5.64%
Sep 1980 - Aug 1999
+4.55% +10.47%
Feb 1964 - Jan 1983
18.94%
122 out of 644
-2.28%
Jun 1983 - May 2003
+7.02% +14.34%
Feb 1963 - Jan 1983
11.23%
71 out of 632
-4.70%
Feb 1980 - Jan 2000
+4.40% +9.79%
Feb 1963 - Jan 1983
19.30%
122 out of 632
-1.35%
Feb 1980 - Jan 2005
+6.47% +11.44%
Feb 1958 - Jan 1983
2.27%
13 out of 572
-3.80%
Feb 1980 - Jan 2005
+4.17% +8.96%
Mar 2001 - Feb 2026
14.69%
84 out of 572
+1.75%
Feb 1980 - Jan 2010
+6.00% +9.39%
Sep 1953 - Aug 1983
0.00%
0 out of 512
-0.68%
Feb 1980 - Jan 2010
+3.31% +6.78%
Mar 1996 - Feb 2026
2.34%
12 out of 512
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