GLD SPDR Gold Trust
- Precious Metals
Alternative ETFs in the Precious Metals Category
|Type||Ticker||Expense Ratio||Assets||Avg. Daily Vol||YTD Return|
|Largest (AUM)||IAU||0.25%||$6,663.7 M||8,271,416||12.02%|
|Most Liquid (Volume)||IAU||0.25%||$6,663.7 M||8,271,416||12.02%|
|Top YTD Performer||JJP||0.75%||$7.0 M||537||15.31%|
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 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 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 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 this ETF and compare it to similar peer ETFs within its ETFdb Category.
GLD HoldingsFilings Data as of: Feb 02, 2016
Top Ten Holdings
Physical Gold Bullion
GLD Expenses & Fees
This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.
Expenses Ratio Analysis
Commission Free Trading
This ETF 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:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
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.
This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.
As of Feb 09, 2016
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
- 20 Day MA: $107.31
- 60 Day MA: $104.27
- MACD 15 Period: 5.17
- MACD 100 Period: 7.33
- Williams % Range 10 Day: 14.98
- Williams % Range 20 Day: 10.43
- RSI 10 Day: 82
- RSI 20 Day: 71
- RSI 30 Day: 65
- Ultimate Oscillator: 74
- Lower Bollinger (10 Day): $104.22
- Upper Bollinger (10 Day): $114.83
- Lower Bollinger (20 Day): $101.06
- Upper Bollinger (20 Day): $113.35
- Lower Bollinger (30 Day): $99.57
- Upper Bollinger (30 Day): $112.35
Support & Resistance
- Support Level 1: n/a
- Support Level 2: $112.80
- Resistance Level 1: n/a
- Resistance Level 2: $115.08
- Stochastic Oscillator %D (1 Day): 46.03
- Stochastic Oscillator %D (5 Day): 87.58
- Stochastic Oscillator %K (1 Day): 65.81
- Stochastic Oscillator %K (5 Day): 87.82
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