GLD SPDR Gold Trust

  • ETF
  • GLD
  • Category
  • Precious Metals
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GLD - Profile

Vitals

  • Issuer: State Street SPDR
  • Structure: Grantor Trust
  • Expense Ratio: 0.40%
  • ETF Home Page: GLD
  • Inception: Nov 18, 2004
  • Tax Form: 1099
  • GLD Tracks This Index: Gold Bullion

Investment Themes

Alternative ETFs in the Precious Metals Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IAU 0.25% $6,204.3 M 3,920,235 -0.94%
Largest (AUM) IAU 0.25% $6,204.3 M 3,920,235 -0.94%
Most Liquid (Volume) SLV 0.50% $5,449.3 M 9,016,944 -17.74%
Top YTD Performer PALL 0.60% $406.9 M 52,383 12.18%

Description

This ETF is designed to track the spot price of gold bullion. The spot price for gold bullion is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold. The OTC market accounts for most global gold trading, and prices quoted reflect the information available to the market at any given time.

Realtime Rating

GLD - Realtime Rating

Realtime Rating Summary

GLD is a passive Grantor Trust that seeks to replicate Gold Bullion. This ETF is designed to track the spot price of gold bullion. The spot price for gold bullion is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold. The OTC market accounts for most global gold trading, and prices quoted reflect the information available to the market at any given time.

The adjacent table shows a GLD Realtime Rating for several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, highlights the best rated ETF in the Precious Metals category for each metric. To view information on how the ETFdb Realtime Ratings work, click here.

GLD Overall Realtime Rating: A-

A+ Overall Rated ETF: SGOL

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ GLD
Expenses A- IAU
Performance B PALL
Volatility B+ TBAR
Dividend n/a n/a
Concentration n/a n/a

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Dividend ETFs

Alternative ETFs

Analyst Report

GLD - Analyst Report

GLD is one of the most popular ETFs in the world, offering exposure to an asset class that has become increasingly important to the asset allocation process in recent years. GLD can be used in a number of different ways; some may establish short term positions as a way of hedging against equity market volatility, dollar weakness, or inflation. Others may wish to include gold exposure as part of a long-term investment strategy. GLD is a relatively straightforward product; the underlying assets consist of gold bullion stored in secure vaults. As such, the price of this ETF can be expected to move in lock step with spot gold prices. The physically-backed nature of this product eliminates any of the uncertainties introduced through futures-based strategies, though investors also have the option to approach this precious metal through futures-based funds such as UBG and DGL. The primary alternatives to GLD are other physically-backed gold ETFs, including AGOL, SGOL, and IAU. The first two on that list may appeal to investors looking to vault their gold outside of New York and London; AGOL stores bullion in Singapore, while SGOL's vaults are located in Switzerland. IAU is, in our opinion, represents a better way to play gold through the exchange-traded structure. While the underlying assets are similar and interchangeable, the expense ratios on these two funds are not. IAU is cheaper by 15 basis points; that margin isn't enormous, but is enough to essentially guarantee that GLD will lag behind IAU in terms of performance. Investors in IAU give up very little in the way of liquidity (that fund is massive as well) and will add a few basis points to their bottom lines. Bigger isn't always better; GLD is certainly an efficient tool for adding gold to a portfolio, but there is a better option out there that should be appealing particularly to cost conscious investors.

GLD In-Depth Analysis

The following tables and charts contain in-depth metrics for GLD and compare it to similar peer ETFs within its ETFdb Category.

Holdings

GLD - Holdings

Filings Data as of: Dec 02, 2014

Top Ten Holdings

  1. Physical Gold Bullion
    100.00%

Concentration Analysis

This section compares how balanced and deep GLD is relative to the peer group ETFdb Category.

Number of Holdings
GLD Rank: 17 of 17
GLD 1
Category Low GLD (1)
Category High DBP (14)
% Assets in Top 10
GLD Rank: 3 of 17
GLD 100.00%
Category Low GLDE (96.75%)
Category High DBS (133.03%)
Expense

GLD - Expenses & Fees

This section compares the cost efficiency of GLD to peers in the same ETFdb Category.

Expenses Ratio Analysis

Expense Ratio
GLD Rank: 6 of 28
GLD 0.40%
Category Low IAU (0.25%)
Category High GLDE (1.61%)

Commission Free Trading in GLD

GLD is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 6 other ETFs in the Precious Metals ETFdb Category that are also eligible for commission free trading:

Performance

GLD - Performance

This section shows how GLD has performed relative to its peer group ETFdb Category.

1 Week Return
GLD Rank: 13 of 27
GLD -2.25%
Category Low USV (-6.25%)
Category High BLNG (3.86%)
4 Week Return
GLD Rank: 14 of 28
GLD -0.54%
Category Low DBS (-2.93%)
Category High BLNG (6.95%)
13 Week Return
GLD Rank: 11 of 28
GLD -1.98%
Category Low USV (-12.66%)
Category High GYEN (7.52%)
26 Week Return
GLD Rank: 12 of 28
GLD -9.27%
Category Low DBS (-25.43%)
Category High GYEN (5.70%)
Year to Date Return
GLD Rank: 5 of 23
GLD -1.16%
Category Low DBS (-19.88%)
Category High PALL (12.18%)
1 Year Return
GLD Rank: 5 of 23
GLD -0.04%
Category Low DBS (-18.85%)
Category High PALL (14.89%)
3 Year Return
GLD Rank: 9 of 20
GLD -26.06%
Category Low DBS (-49.94%)
Category High PALL (26.70%)
5 Year Return
GLD Rank: 2 of 13
GLD 5.34%
Category Low PGM (-30.20%)
Category High IAU (6.08%)
Charts

GLD - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of GLD relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

Valuation

GLD - Valuation

This section shows how the P/E multiple of GLD compares to the peer group ETFdb Category.

P/E Ratio
GLD Rank: N/A
No Ranking Available
Category Low N/A
Category High N/A

As of Dec 19, 2014

Dividend

GLD - Dividend

This section shows how the dividend yield of GLD compares to the peer group ETFdb Category.

Annual Dividend Yield
GLD Rank: N/A
No Ranking Available
Category Low SLVO (15.17%)
Category High SLVO (15.17%)

As of Dec 19, 2014

Technicals

GLD - Technicals

GLD Volatility Analysis

This section shows how the volatility of GLD compares to the peer group ETFdb Category.

5 Day Volatility
GLD Rank: 10 of 28
GLD 76.98%
Category Low PPLT (6.49%)
Category High USV (194.90%)
20 Day Volatility
GLD Rank: 15 of 28
GLD 22.74%
Category Low TBAR (9.72%)
Category High USV (54.13%)
50 Day Volatility
GLD Rank: 17 of 28
GLD 20.18%
Category Low TBAR (7.23%)
Category High USV (57.39%)
200 Day Volatility
GLD Rank: 20 of 28
GLD 16.12%
Category Low GLDI (12.30%)
Category High USV (46.62%)
Beta
GLD Rank: 14 of 28
GLD -1.91
Category Low USV (-3.87)
Category High PALL (1.86)
Standard Deviation
GLD Rank: 6 of 22
GLD 4.87%
Category Low IAU (0.49%)
Category High PPLT (9.23%)

GLD Technicals

  • 20 Day MA: $115.60
  • 60 Day MA: $115.69
  • MACD 15 Period: -1.16
  • MACD 100 Period: -3.51
  • Williams % Range 10 Day: 78.00
  • Williams % Range 20 Day: 59.94
  • RSI 10 Day: 47
  • RSI 20 Day: 48
  • RSI 30 Day: 48
  • Ultimate Oscillator: 39

GLD Bollinger Bands

  • Lower Bollinger (10 Day): $113.43
  • Upper Bollinger (10 Day): $118.87
  • Lower Bollinger (20 Day): $113.08
  • Upper Bollinger (20 Day): $118.19
  • Lower Bollinger (30 Day): $111.10
  • Upper Bollinger (30 Day): $118.37

GLD Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $114.47
  • Resistance Level 1: n/a
  • Resistance Level 2: $115.37

GLD Stochastic

  • Stochastic Oscillator %D (1 Day): 26.41
  • Stochastic Oscillator %D (5 Day): 33.15
  • Stochastic Oscillator %K (1 Day): 35.58
  • Stochastic Oscillator %K (5 Day): 38.10
Fact Sheet

GLD - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.