SPDR Gold Shares

Price: $223.25
Change: $3.89 (0.02%)
Category: Precious Metals
Last Updated:


Brand SPDR
Structure Grantor Trust
Expense Ratio 0.40%
ETF Home Page Home page
Inception Nov 18, 2004

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.

ETF Database Themes

Category Precious Metals
Asset Class Commodity
Commodity Type Precious Metals
Commodity Gold
Commodity Exposure Physically-Backed

FactSet Classifications

Segment Commodities: Precious Metals Gold
Category Precious Metals
Focus Gold
Niche Physically Held
Strategy Vanilla
Weighting Scheme Single Asset

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $168.30
  • 52 Week Hi $225.66
  • AUM $63,417.8 M
  • Shares 289.6 M

Historical Trading Data

  • 1 Month Avg. Volume 5,441,719
  • 3 Month Avg. Volume 7,115,198

Alternative ETFs in the ETF Database Precious Metals Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GLDM 0.10% $7.6 B 4 M 16.96%
Largest (AUM) IAU 0.25% $28.8 B 6 M 16.91%
Most Liquid (Volume) SLV 0.50% $13.5 B 28 M 31.68%
Top YTD Performer PSLV 0.67% $0.0 5 M 32.92%

Alternative ETFs in the FactSet Commodities: Precious Metals Gold Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IAUM 0.09% $1.2 B 2 M 16.89%
Largest (AUM) IAU 0.25% $28.8 B 6 M 16.91%
Most Liquid (Volume) IAU 0.25% $28.8 B 6 M 16.91%
Top YTD Performer GLDM 0.10% $7.6 B 4 M 16.96%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

GLD ETF Database Category Average FactSet Segment Average
Number of Holdings 1 1 2
% of Assets in Top 10 100.00% 94.91% 99.87%
% of Assets in Top 15 100.00% 95.00% 100.00%
% of Assets in Top 50 100.00% 95.00% 100.00%

Size Comparison

GLD ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

GLD Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

GLD Dividend

This section compares the dividend yield of this ETF to its peers.

GLD ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.70 $ 0.78
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.66 $ 0.91
Annual Dividend Yield N/A 1.65% 2.57%

GLD Price and Volume Charts

View charts featuring GLD price and volume data.

GLD Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -109.9 M 1 Month Net Flows: -149.91 M 3 Month Net Flows: 413.92 M 6 Month Net Flows: -2.16 B 1 Year Net Flows: -4.83 B 3 Year Net Flows: -10.68 B 5 Year Net Flows: 1.94 B 10 Year Net Flows: 3.19 B

GLD Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 855.67 M
1 Month Net AUM Change: 463.06 M
3 Month Net AUM Change: 2.26 B
6 Month Net AUM Change: 5.95 B
1 Year Net AUM Change: 6.64 B
3 Year Net AUM Change: 3.07 B
5 Year Net AUM Change: 27.9 B
10 Year Net AUM Change: 29.65 B

Realtime Rating

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 ETF Database Pro members, highlights the best rated ETF in the Precious Metals category for each metric. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ GLD
Expenses B+ SGOL
Performance B PALL
Volatility B+ PPLT
Dividend B- GLDI
Concentration B- DBP

A+ Overall Rated ETF: GLDI

GLD Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 28.00%
Tax On Distributions Return of Capital
Distributes K1 No
ESG Themes and Scores

GLD does not have an ESG score. There are no ESG themes that map to this ETF.

GLD Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

GLD ETF Database
Category Average
Factset Segment
1 Month Return 4.55% 4.84% 2.73%
3 Month Return 3.54% 4.97% 2.24%
YTD Return 16.78% 15.31% 9.50%
1 Year Return 22.75% 17.65% 13.04%
3 Year Return 9.68% 3.95% 4.64%
5 Year Return 10.78% 7.28% 4.00%

Geographic Exposure

The following charts reflect the geographic spread of GLD's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of GLD's underlying holdings.

GLD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 30.25%
20 Day Volatility 14.34%
50 Day Volatility 17.48%
200 Day Volatility 15.75%
Beta 0.15
Standard Deviation 15.77%
5 Day Volatility
11 of 20

20 Day Volatility
15 of 20

50 Day Volatility
10 of 20

200 Day Volatility
10 of 20

18 of 20

Standard Deviation
1 of 20


  • 20 Day MA $216.43
  • 60 Day MA $216.83
  • MACD 15 Period 6.24
  • MACD 100 Period 12.53
  • Williams % Range 10 Day 9.27
  • Williams % Range 20 Day 7.47
  • RSI 10 Day 68
  • RSI 20 Day 60
  • RSI 30 Day 58
  • Ultimate Oscillator 60

Bollinger Bands

  • Lower Bollinger (10 Day) $212.81
  • Upper Bollinger (10 Day) $223.03
  • Lower Bollinger (20 Day) $211.45
  • Upper Bollinger (20 Day) $221.46
  • Lower Bollinger (30 Day) $211.58
  • Upper Bollinger (30 Day) $220.90

Support & Resistance

  • Support Level 1 $221.77
  • Support Level 2 $220.29
  • Resistance Level 1 $224.44
  • Resistance Level 2 $225.63


  • Stochastic Oscillator %D (1 Day) 49.45
  • Stochastic Oscillator %D (5 Day) 70.75
  • Stochastic Oscillator %K (1 Day) 49.44
  • Stochastic Oscillator %K (5 Day) 68.18


  • Tracking Difference Median (%) -0.45
  • Tracking Difference Max Upside (%) -0.42
  • Tracking Difference Max Downside (%) -0.49
  • Median Premium Discount (%) 0.00
  • Maximum Premium Discount (%) 2.11
  • Average Spread (%) 1.39
  • Average Spread ($) 1.39

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

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

Data Lineage

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