SPDR Gold Trust (GLD) to EUR: Historical Returns

Data Source: from August 1953 to May 2024 (~71 years)
Consolidated Returns as of 31 May 2024
This asset allocation page includes ETFs that are not available in our database in EUR or are not yet mapped to the specific ones. We kept the original tickers and calculated returns using historical exchange rates or, if applicable, interest rate differentials for currency hedging.

You need to choose EUR-based ETFs that follow the same benchmarks. Actual returns should be comparable, but they may vary due to differences in sampling methods, annual fees, and the exchange rates used for month-end calculations. Similar EUR ETFs (hedged or not) may not always be available.
Category: Commodities
SPDR Gold Trust (GLD) to EUR ETF
Currency: EUR

In the last 30 Years, the SPDR Gold Trust (GLD) to EUR ETF obtained a 6.15% compound annual return, with a 14.82% standard deviation. It suffered a maximum drawdown of -36.80% that required 88 months to be recovered.

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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
In Saecula Saeculorum To EUR Fulvio Marchese 10.00% EUR
In Saecula Saeculorum To EUR Hedged Fulvio Marchese 10.00% EUR Hedged
In Saecula Saeculorum To EUR Bond Hedged Fulvio Marchese 10.00% EUR

Investment Returns as of May 31, 2024

The SPDR Gold Trust (GLD) to EUR ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • the adjustment for actual currency exchange rates (simulation derived from original US returns)
  • the actual Euro Inflation rates.
SPDR GOLD TRUST (GLD) TO EUR ETF
Consolidated returns as of 31 May 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of May 31, 2024
  1 Day Time ET(*) Jun 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~71Y)
SPDR Gold Trust (GLD) to EUR ETF n.a. n.a. 0.04 14.99 16.88 12.54 8.48 6.15 5.93
Euro Inflation Adjusted return 0.04 12.98 14.19 8.55 6.02 4.01 3.17
Returns over 1 year are annualized | Available data source: since Aug 1953
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to Apr 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.35% , 5Y: 3.67% , 10Y: 2.31% , 30Y: 2.06%

Capital Growth as of May 31, 2024

An investment of 1€, since June 1994, now would be worth 5.99€, with a total return of 498.96% (6.15% annualized).

The Inflation Adjusted Capital now would be 3.25€, with a net total return of 225.12% (4.01% annualized).
An investment of 1€, since August 1953, now would be worth 59.26€, with a total return of 5826.06% (5.93% annualized).

The Inflation Adjusted Capital now would be 9.12€, with a net total return of 812.06% (3.17% annualized).

Investment Metrics as of May 31, 2024

Metrics of SPDR Gold Trust (GLD) to EUR ETF, updated as of 31 May 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the adjustment for actual currency exchange rates (simulation derived from original US returns)
  • the actual Euro Inflation rates.
SPDR GOLD TRUST (GLD) TO EUR ETF
Advanced Metrics
Data Source: 1 August 1953 - 31 May 2024 (~71 years)
Swipe left to see all data
Metrics as of May 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~71Y)
Investment Return (%) 0.04 13.24 14.99 16.88 10.97 12.54 8.48 9.50 6.15 5.93
Infl. Adjusted Return (%)
0.04 11.74 12.98 14.19 5.21 8.55 6.02 7.26 4.01 3.17
Euro Inflation (%) 0.00 1.34 1.78 2.35 5.48 3.67 2.31 2.09 2.06 2.68
Pending updates, the monthly inflation of May 2024 and beyond is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -4.91 -8.41 -14.91 -15.87 -36.80 -36.80 -55.26
Start to Recovery (# months)
5 11 19 35 88 88 297
Start (yyyy mm) 2023 06 2022 05 2020 08 2016 08 2012 10 2012 10 1983 02
Start to Bottom (# months) 4 6 7 26 15 15 115
Bottom (yyyy mm) 2023 09 2022 10 2021 02 2018 09 2013 12 2013 12 1992 08
Bottom to End (# months) 1 5 12 9 73 73 182
End (yyyy mm) 2023 10 2023 03 2022 02 2019 06 2020 01 2020 01 2007 10
Longest Drawdown Depth (%)
same

same

same

same

same
-27.89
same
Start to Recovery (# months)
93
Start (yyyy mm) 2023 06 2022 05 2020 08 2016 08 2012 10 1994 06 1983 02
Start to Bottom (# months) 4 6 7 26 15 62 115
Bottom (yyyy mm) 2023 09 2022 10 2021 02 2018 09 2013 12 1999 07 1992 08
Bottom to End (# months) 1 5 12 9 73 31 182
End (yyyy mm) 2023 10 2023 03 2022 02 2019 06 2020 01 2002 02 2007 10
Longest negative period (# months)
4 18 27 51 99 130 313
Period Start (yyyy mm) 2023 06 2022 04 2020 08 2015 02 2010 07 1994 06 1980 10
Period End (yyyy mm) 2023 09 2023 09 2022 10 2019 04 2018 09 2005 03 2006 10
Annualized Return (%) -14.02 -0.43 -1.07 -0.28 -0.28 -0.07 -0.01
Deepest Drawdown Depth (%) -5.89 -12.89 -15.08 -19.21 -37.58 -37.58 -68.79
Start to Recovery (# months)
5 23 44 37 91 91 356
Start (yyyy mm) 2023 06 2022 05 2020 08 2016 08 2012 10 2012 10 1980 10
Start to Bottom (# months) 4 6 7 26 15 15 226
Bottom (yyyy mm) 2023 09 2022 10 2021 02 2018 09 2013 12 2013 12 1999 07
Bottom to End (# months) 1 17 37 11 76 76 130
End (yyyy mm) 2023 10 2024 03 2024 03 2019 08 2020 04 2020 04 2010 05
Longest Drawdown Depth (%)
same

same

same
-15.08
same
-33.94
same
Start to Recovery (# months)
44 138
Start (yyyy mm) 2023 06 2022 05 2020 08 2020 08 2012 10 1994 06 1980 10
Start to Bottom (# months) 4 6 7 7 15 62 226
Bottom (yyyy mm) 2023 09 2022 10 2021 02 2021 02 2013 12 1999 07 1999 07
Bottom to End (# months) 1 17 37 37 76 76 130
End (yyyy mm) 2023 10 2024 03 2024 03 2024 03 2020 04 2005 11 2010 05
Longest negative period (# months)
4 28 43 53 142 142 467
Period Start (yyyy mm) 2023 06 2021 06 2020 08 2015 02 2011 12 2011 12 1980 02
Period End (yyyy mm) 2023 09 2023 09 2024 02 2019 06 2023 09 2023 09 2018 12
Annualized Return (%) -16.65 -1.75 -1.52 0.00 -0.03 -0.03 -0.02
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 12.43 10.67 12.15 13.05 15.56 14.82 16.43
Sharpe Ratio 0.93 0.76 0.87 0.55 0.52 0.26 0.12
Sortino Ratio 1.57 1.16 1.28 0.87 0.79 0.40 0.19
Ulcer Index 2.09 3.18 5.51 7.13 14.54 13.88 24.06
Ratio: Return / Standard Deviation 1.36 1.03 1.03 0.65 0.61 0.41 0.36
Ratio: Return / Deepest Drawdown 3.44 1.30 0.84 0.53 0.26 0.17 0.11
Positive Months (%)
75.00 63.88 63.33 54.16 55.41 51.66 51.17
Positive Months 9 23 38 65 133 186 435
Negative Months 3 13 22 55 107 174 415
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 8.48 12.94 15.18 28.63
Worst 10 Years Return (%) - Annualized 1.44 -0.26 -6.38
Best 10 Years Return (%) - Annualized 6.02 11.09 12.86 22.44
Worst 10 Years Return (%) - Annualized -0.23 -2.20 -8.45
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· Over the latest 30Y
Best Rolling Return (%) - Annualized 53.08 30.45 23.35 15.18 9.50 6.15
Worst Rolling Return (%) - Annualized -31.20 -10.73 -5.56 -0.26 5.00
Positive Periods (%) 67.9 74.7 86.3 99.5 100.0 100.0
Best Rolling Return (%) - Annualized 50.84 28.76 20.99 12.86 7.26 4.01
Worst Rolling Return (%) - Annualized -31.78 -11.71 -7.14 -2.20 3.01
Positive Periods (%) 60.1 64.9 74.7 93.3 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
6.45 10.42 13.71 12.62 21.69 15.84 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 8.22 13.50 18.06 22.43 28.16 23.50 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
9.36 15.47 20.85 29.10 30.99 28.20 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 11.22 18.69 25.39 30.88 35.47 30.80 2.58 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 79.86 24.72 15.11 8.13 5.19 4.25
Perpetual Withdrawal Rate (%) --- --- --- --- 2.32 2.95
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Aug 1953 - May 2024)
Best Rolling Return (%) - Annualized 161.70 55.78 34.58 28.63 14.34 9.39
Worst Rolling Return (%) - Annualized -31.20 -11.71 -9.94 -6.38 -2.28 1.75
Positive Periods (%) 60.5 69.6 74.0 80.1 88.3 100.0
Best Rolling Return (%) - Annualized 149.45 50.37 28.74 22.44 9.79 5.78
Worst Rolling Return (%) - Annualized -33.37 -14.84 -12.70 -8.45 -4.70 -0.68
Positive Periods (%) 49.3 50.6 57.3 60.1 80.0 97.5
95% VaR - Value at Risk (%) - Cumulative
7.21 11.74 15.56 16.75 25.45 30.67 42.56 39.52 0.00
95% CVaR - Conditional Value at Risk (%) 9.18 15.15 20.38 21.73 30.38 38.44 53.10 46.17 0.00
99% VaR - Value at Risk (%) - Cumulative
10.44 17.33 23.48 25.51 34.63 44.22 61.56 53.12 0.00
99% CVaR - Conditional Value at Risk (%) 12.50 20.90 28.51 28.97 36.79 50.84 70.64 54.75 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 79.86 24.72 13.98 6.06 2.42 1.67
Perpetual Withdrawal Rate (%) --- --- --- --- --- ---
% based on initial capital, inflation-adj. monthly withdrawals afterwards | 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.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • 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.

Correlations as of May 31, 2024

Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.

Correlation values range between -1 and +1
  • A correlation of +1 indicates that the returns of the two assets move in perfect synchrony; when one asset's returns go up, the other asset's returns also go up by the same percentage, and vice versa. This perfect positive correlation implies that the assets perform similarly in different market conditions.
  • A correlation of -1 indicates a perfect inverse relationship between the returns of the two assets. When one asset's returns go up, the other asset's returns go down by the same percentage. This perfect negative correlation suggests that the assets move in opposite directions, providing a diversification benefit by reducing overall portfolio risk.
  • A correlation of 0 means that there is no linear relationship between the returns of the two assets. The returns of one asset do not predict the returns of the other.

The following table shows the monthly correlations of SPDR Gold Trust (GLD) to EUR ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

SPDR GOLD TRUST (GLD) TO EUR ETF
Monthly correlations as of 31 May 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
-0.27
-0.01
-0.02
0.05
0.09
SPY
US Large Cap
-0.25
0.01
-0.01
0.04
0.08
IJR
US Small Cap
-0.27
-0.14
-0.10
0.04
0.08
VNQ
US REITs
-0.22
0.09
0.17
0.09
0.11
QQQ
US Technology
-0.35
0.05
-0.01
0.03
0.07
PFF
Preferred Stocks
-0.43
0.04
0.16
0.04
0.09
EFA
EAFE Stocks
-0.17
-0.06
-0.03
0.02
0.05
VT
World All Countries
-0.25
-0.02
-0.01
0.05
0.09
EEM
Emerging Markets
-0.07
0.04
0.09
0.17
0.19
VGK
Europe
-0.12
-0.04
-0.04
-0.05
-0.02
VPL
Pacific
-0.18
-0.05
-0.01
0.13
0.15
FLLA
Latin America
-0.38
-0.04
0.08
0.20
0.22
BND
US Total Bond Market
0.03
0.13
0.33
0.31
0.35
TLT
Long Term Treasuries
-0.13
0.22
0.40
0.28
0.30
BIL
US Cash
0.16
-0.11
0.12
0.23
0.28
TIP
TIPS
0.17
0.17
0.36
0.35
0.38
LQD
Invest. Grade Bonds
-0.07
0.17
0.33
0.27
0.31
HYG
High Yield Bonds
-0.16
0.04
0.20
0.16
0.21
CWB
US Convertible Bonds
-0.34
-0.05
0.02
0.12
0.16
BNDX
International Bonds
0.24
0.13
0.28
0.28
0.33
EMB
Emerg. Market Bonds
-0.04
0.15
0.30
0.31
0.34
DBC
Commodities
0.17
-0.14
-0.01
0.21
0.21

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) TO EUR ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 June 1994 - 31 May 2024 (30 Years)
Data Source: 1 August 1953 - 31 May 2024 (~71 years)
Inflation Adjusted:
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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) TO EUR ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 June 1994 - 31 May 2024 (30 Years)
Data Source: 1 August 1953 - 31 May 2024 (~71 years)
Inflation Adjusted:

If you need a deeper detail about rolling returns, please refer to the SPDR Gold Trust (GLD) to EUR ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in SPDR Gold Trust (GLD) to EUR 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 Asset Class Seasonality page.
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Monthly Returns

This section provides a visual/tabular representation of the performance variability in the SPDR Gold Trust (GLD) to EUR ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

SPDR GOLD TRUST (GLD) TO EUR ETF
Monthly Returns Distribution
Data Source: 1 June 1994 - 31 May 2024 (30 Years)
Data Source: 1 August 1953 - 31 May 2024 (~71 years)
186 Positive Months (52%) - 174 Negative Months (48%)
435 Positive Months (51%) - 415 Negative Months (49%)
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(Scroll down to see all data)
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.

Returns are calculated based on the performance of the original US asset, adjusted for actual currency exchange rates.

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