GLD vs IEMG
Comparison between SPDR Gold Shares ETF (GLD, ETF) and ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG, ETF).
5-Year PerformanceGLD has outperformed IEMG, delivering a return of +20.4% compared to +7.7%
GLD vs IEMG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GLD
$155B
IEMG
$134B
Expense Ratio
GLD
0.40%
Winner
IEMG
0.09%
Max Drawdown
GLD
45.56%
Winner
IEMG
42.22%
Sharpe Ratio
GLD
1.24
Winner
IEMG
2.28
5Y Beta
Winner
GLD
0.18
IEMG
0.78
5Y Dividends CAGR
GLD
N/A
IEMG
4.98%
GLD vs IEMG - Historical Returns
Returns include dividend reinvestment.
1M
GLD
-0.17%
Winner
IEMG
+11.96%
3M
GLD
-7.12%
Winner
IEMG
+11.81%
6M
GLD
+17.77%
Winner
IEMG
+25.52%
1Y
GLD
+42.39%
Winner
IEMG
+54.94%
5Y(CAGR)
Winner
GLD
+20.37%
IEMG
+7.65%
10Y(CAGR)
Winner
GLD
+13.66%
IEMG
+10.66%
Max(CAGR)
Winner
GLD
+11.20%
IEMG
+6.74%
GLD vs IEMG - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | GLD | IEMG |
|---|---|---|
| 2026 | +8.91% | +20.30% |
| 2025 | +61.48% | +32.79% |
| 2024 | +26.96% | +7.85% |
| 2023 | +11.76% | +10.69% |
| 2022 | +0.78% | -20.43% |
| 2021 | -6.24% | -1.40% |
| 2020 | +23.90% | +15.50% |
| 2019 | +17.78% | +17.52% |
| 2018 | -3.12% | -16.54% |
| 2017 | +11.93% | +35.93% |
| 2016 | +6.53% | +13.16% |
| 2015 | -11.06% | -13.50% |
| 2014 | -3.75% | +0.05% |
| 2013 | -28.83% | -4.74% |
| 2012 | +3.91% | +8.51% |
| 2011 | +10.14% | N/A |
| 2010 | +26.34% | N/A |
| 2009 | +24.45% | N/A |
| 2008 | +1.96% | N/A |
| 2007 | +32.40% | N/A |
| 2006 | +18.99% | N/A |
| 2005 | +19.90% | N/A |
| 2004 | -1.31% | N/A |
GLD vs IEMG Drawdown Comparison
The maximum drawdown for GLD was -45.56%, occurring on Dec 17, 2015. Recovery took 2248 trading sessions.
The maximum drawdown for IEMG was -38.72%, occurring on Mar 23, 2020. Recovery took 707 trading sessions.
The current GLD drawdown is -12.53%.
| Rank | GLD | IEMG |
|---|---|---|
| #1 | -45.56% Aug 22, 2011 - Jul 29, 2020 | -38.72% Jan 26, 2018 - Nov 16, 2020 |
| #2 | -29.41% Mar 17, 2008 - Sep 16, 2009 | -37.11% Feb 16, 2021 - Jul 17, 2025 |
| #3 | -22.00% Aug 6, 2020 - Mar 4, 2024 | -34.44% Sep 5, 2014 - Jul 12, 2017 |
| #4 | -21.79% May 12, 2006 - Sep 18, 2007 | -17.50% Jan 2, 2013 - Jun 10, 2014 |
| #5 | -19.21% Jan 29, 2026 - Mar 26, 2026 | -13.21% Feb 25, 2026 - Apr 17, 2026 |
| #6 | -12.70% Dec 2, 2009 - May 11, 2010 | -5.38% Jan 21, 2021 - Feb 8, 2021 |
| #7 | -10.13% Oct 20, 2025 - Dec 22, 2025 | -5.15% Oct 29, 2025 - Jan 2, 2026 |
| #8 | -9.52% Dec 3, 2004 - Sep 16, 2005 | -4.88% Nov 22, 2017 - Dec 29, 2017 |
| #9 | -8.12% Oct 30, 2024 - Jan 30, 2025 | -4.48% Oct 8, 2025 - Oct 20, 2025 |
| #10 | -8.04% Dec 6, 2010 - Mar 1, 2011 | -4.14% Nov 6, 2012 - Dec 5, 2012 |
| #11 | -7.59% Jun 18, 2010 - Sep 14, 2010 | -3.74% Jul 28, 2014 - Aug 19, 2014 |
| #12 | -7.11% Apr 21, 2025 - Jun 13, 2025 | -3.47% Jan 28, 2026 - Feb 11, 2026 |
| #13 | -6.70% Dec 12, 2005 - Jan 3, 2006 | -3.43% Jul 23, 2025 - Aug 12, 2025 |
| #14 | -6.08% Nov 7, 2007 - Dec 28, 2007 | -3.39% Aug 7, 2017 - Aug 23, 2017 |
| #15 | -5.84% Apr 29, 2011 - Jul 12, 2011 | -3.38% Sep 19, 2017 - Oct 10, 2017 |
Correlation
Correlation between GLD and IEMG is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
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