GLD - SPDR Gold Trust

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. Click to read our 'Analyst Take' for GLD »

Analyst Take: 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. « Collapse

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GLD - Profile


Summary Data for GLD

52 Week Lo: $114.46 52 Week Hi: $137.55
AUM: $33,314.3 M Shares: 267.8 M
Avg. Volume (1 month) 6,907,832 Avg. Volume (3 month) 6,260,159
Filings Data as of:

GLD - Holdings

Top Ten Holdings

  1. Physical Gold Bullion: 100.00%
%Assets in Top 10: 100.00%
Total Holdings: 1.0

GLD Asset Allocation


Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.0%
Other 100.0%
© 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.

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.

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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.

GLD - Fundamentals

GLD Performance

1 Week Return: -2.16%
2 Week Return: -3.26%
4 Week Return: -1.88%
13 Week Return: -0.17%
26 Week Return: 2.10%
YTD Return: 7.09%
1 Year Return: -2.46%
3 Year Return: -20.35%
5 Year Return: 33.34%

GLD Expenses & Fees

  • Expense Ratio: 0.40%
  • Category: Precious Metals
  • Category Range: 0.25% to 1.52%
  • Category Average: 0.64%

GLD Valuation

P/E Ratio: n/a
Beta: 1.91
20 Day Moving Average: $126.69
60 Day Moving Average: $124.58

GLD Dividend

Annual Dividend Rate: n/a
Dividend Date: n/a
Dividend: n/a
Annual Dividend Yield %: n/a

GLD Volatility

5 Day Volatility: 68.23%
20 Day Volatility: 13.02%
50 Day Volatility: 13.36%
200 Day Volatility: 12.98%
Standard Deviation: 4.42%

GLD - Technicals

GLD Technicals

20 Day MA: $126.69
60 Day MA: $124.58
MACD 15 Period: -2.11
MACD 100 Period: -1.14
Williams % Range 10 Day: 90.87
Williams % Range 20 Day: 91.53
RSI 10 Day: 39
RSI 20 Day: 46
RSI 30 Day: 48
Ultimate Oscillator: 47

GLD Bollinger Bands

Lower Bollinger (10 Day): $123.75
Upper Bollinger (10 Day): $128.14
Lower Bollinger (20 Day): $124.37
Upper Bollinger (20 Day): $128.96
Lower Bollinger (30 Day): $122.34
Upper Bollinger (30 Day): $129.62

GLD Support & Resistance

Support Level 1: $123.88
Support Level 2: $123.40
Resistance Level 1: $124.85
Resistance Level 2: $125.34

GLD Stochastic

Stochastic Oscillator %D (1 Day): 44.66
Stochastic Oscillator %D (5 Day): 30.32
Stochastic Oscillator %K (1 Day): 47.82
Stochastic Oscillator %K (5 Day): 38.44

GLD Volatility

5 Day Volatility: 68.23%
20 Day Volatility: 13.02%
50 Day Volatility: 13.36%
200 Day Volatility: 12.98%
Standard Deviation: 4.42%

GLD - ETFdb Realtime Rating & Analyst Report

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.

ETFdb Category Expense Ratio Inception Date Issuer Structure YTD Return *
Precious Metals 0.4 2004-11-18 State Street SPDR Grantor Trust +7.09%

GLD Realtime Rating: By Metric

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

The first adjacent table gives investors an individual Realtime Rating for GLD on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Precious Metals ETFdb Category with the highest Metric Realtime Rating for each individual field.

GLD Realtime Rating: Overall

ETFdb Rating Type Overall Rating A+ Overall Rated ETF
Realtime Rating (Overall) A- SGOL

The second table shows the overall Realtime Rating for GLD, as well as the A+ Overall Rated ETF in GLD's Category. To view information on how the ETFdb Realtime Ratings work, click here.

ETFdb Analyst Report for GLD

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

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

Expense Analysis

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

GLD ETF Average ETF Wtd. Average
0.4 0.59% 0.29%

Comparative Analysis: Precious Metals ETFdb Category

Lo Average Hi GLD Rank
IAU : 0.25% 0.63% GLDE : 1.52% 8 of 28

Commission Free Trading in GLD

GLD is not currently available for commission free trading on any platforms. There are 6 other ETFs in the Precious Metals ETFdb Category that are also eligible for commission free trading GLTR (Charles Schwab) PALL (Charles Schwab) PPLT (Charles Schwab) SGOL (Charles Schwab) SIVR (Charles Schwab) WITE (Charles Schwab)

Performance Analysis

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

  GLD Category Lo Category Hi GLD Rank
1 Week* -2.16% DBS: -3.85% AGOL: 1.39% 13 of 27
4 Week* -1.88% DBS: -3.46% PALL: 4.15% 17 of 27
13 Week* -0.17% BLNG: -3.23% PALL: 8.54% 21 of 27
26 Week* 2.10% TBAR: -7.76% PALL: 16.39% 12 of 23
YTD* 7.09% TBAR: -7.76% PALL: 21.60% 8 of 23
1 Year* -2.46% TBAR: -7.93% PALL: 15.83% 17 of 23
3 Year* -20.35% DBS: -51.92% PALL: 5.80% 7 of 20
5 Year* 33.34% PGM: 13.32% SLV: 44.82% 5 of 11

Volatility Analysis

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

  GLD Category Lo Category Hi GLD Rank
5 Day* 68.23% OUNZ: 5.30% DBS: 215.25% 10 of 28
20 Day* 13.02% PALL: 8.73% RGRP: 27.64% 20 of 28
50 Day* 13.36% GLDI: 9.99% RGRP: 33.53% 23 of 27
200 Day* 12.98% GLDI: 9.75% BLNG: 37.93% 20 of 25
Beta* 1.91 RGRP: -4.73 USV: 2.85 17 of 28
Standart Deviation* 4.42% GLDI: 0.33% AGOL: 11.51% 4 of 21

Technical Analysis

This section highlights technical strength metrics for GLD.

Moving Averages * Support & Resistance * Williams & Rel. Strength *
20 Day MA $126.69 Lower Bolinger (10Day) $123.75 Williams % (10) 90.87
60 Day MA $124.58 Upper Bolinger (10Day) $128.14 Williams % (20) 91.53
MACD 15 Day -2.11 Lower Bolinger (30Day) $122.34 Rel. Strength (10) 39
MACD 100 Day -1.14 Upper Bolinger (30Day) $129.62 Rel. Strength (20) 46
    Support Level $45.75 Rel. Strength (30) 48
    Resistance Level $124.85    

Dividend & Valuation Analysis

This section shows how the dividend yield and P/E multiple of GLD compare to the peer group ETFdb Category.

  GLD Category Lo Category Hi GLD Rank
Annual Dividend Yield* 0.00% SLVO: 16.04% SLVO: 16.04% n/a
P/E Ratio* n/a n/a n/a n/a
* As of 2014-07-24

Concentration Analysis

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

  GLD Category Lo Category Hi GLD Rank
Number of Holdings** 1 SLV: 1 DBP: 14 12 of 17
% Assets in Top 10** 100.00% GYEN: 91.44% DBS: 133.03% 6 of 17
** As of 2014-07-02

Alternative ETFs

Other ETFs in the Precious Metals ETFdb Category include:

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IAU 0.25% $6,939.4 M 2,060,200 7.28%
Largest (AUM) IAU 0.25% $6,939.4 M 2,060,200 7.28%
Most Liquid (Volume) SLV 0.50% $6,716.8 M 6,404,028 4.65%
Top YTD Performer PALL 0.60% $548.5 M 55,909 21.60%

© 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.

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