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 +17.8% compared to +7.3%

GLD vs IEMG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GLD(ETF)	IEMG(ETF)
Net Assets	$150B	$162B
Expense Ratio	0.40%	0.09%
Max Drawdown	45.56%	42.22%
Sharpe Ratio	0.72	1.62
5Y Beta	0.24	0.84
5Y Dividends CAGR	N/A	8.99%

Net Assets

GLD

$150B

Winner

IEMG

$162B

Expense Ratio

GLD

0.40%

Winner

IEMG

0.09%

Max Drawdown

GLD

45.56%

Winner

IEMG

42.22%

Sharpe Ratio

GLD

0.72

Winner

IEMG

1.62

5Y Beta

Winner

GLD

0.24

IEMG

0.84

5Y Dividends CAGR

GLD

N/A

IEMG

8.99%

GLD vs IEMG - Historical Returns

Returns include dividend reinvestment.

Period	GLD	IEMG
1 month	-8.82%	+1.72%
3 months	-6.61%	+16.31%
6 months	-8.78%	+22.61%
1 year	+21.29%	+43.65%
5 years(CAGR)	+17.83%	+7.26%
10 years(CAGR)	+12.13%	+9.72%
Max(CAGR)	+10.42%	+6.57%

GLD

-8.82%

Winner

IEMG

+1.72%

GLD

-6.61%

Winner

IEMG

+16.31%

GLD

-8.78%

Winner

IEMG

+22.61%

GLD

+21.29%

Winner

IEMG

+43.65%

5Y(CAGR)

Winner

GLD

+17.83%

IEMG

+7.26%

10Y(CAGR)

Winner

GLD

+12.13%

IEMG

+9.72%

Max(CAGR)

Winner

GLD

+10.42%

IEMG

+6.57%

GLD vs IEMG - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	GLD	IEMG
2026	-5.26%	+18.77%
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 -23.91%. The current IEMG drawdown is -5.44%.

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	-24.46% Jan 29, 2026 - Jun 10, 2026	-34.44% Sep 5, 2014 - Jul 12, 2017
#4	-22.00% Aug 6, 2020 - Mar 4, 2024	-17.50% Jan 2, 2013 - Jun 10, 2014
#5	-21.79% May 12, 2006 - Sep 18, 2007	-13.21% Feb 25, 2026 - Apr 17, 2026
#6	-12.70% Dec 2, 2009 - May 11, 2010	-8.57% Jun 2, 2026 - Jun 18, 2026
#7	-10.13% Oct 20, 2025 - Dec 22, 2025	-5.44% Jun 22, 2026 - Jun 23, 2026
#8	-9.52% Dec 3, 2004 - Sep 16, 2005	-5.40% May 8, 2026 - May 26, 2026
#9	-8.12% Oct 30, 2024 - Jan 30, 2025	-5.38% Jan 21, 2021 - Feb 8, 2021
#10	-8.04% Dec 6, 2010 - Mar 1, 2011	-5.15% Oct 29, 2025 - Jan 2, 2026
#11	-7.59% Jun 18, 2010 - Sep 14, 2010	-4.88% Nov 22, 2017 - Dec 29, 2017
#12	-7.11% Apr 21, 2025 - Jun 13, 2025	-4.48% Oct 8, 2025 - Oct 20, 2025
#13	-6.70% Dec 12, 2005 - Jan 3, 2006	-4.14% Nov 6, 2012 - Dec 5, 2012
#14	-6.08% Nov 7, 2007 - Dec 28, 2007	-3.74% Jul 28, 2014 - Aug 19, 2014
#15	-5.84% Apr 29, 2011 - Jul 12, 2011	-3.47% Jan 28, 2026 - Feb 11, 2026

Correlation

Correlation between GLD and IEMG is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

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GLD vs IEMG

GLD vs IEMG - Performance Comparison

Key Characteristics

GLD vs IEMG - Historical Returns

GLD vs IEMG - Annual Returns (2004 - 2026)

GLD vs IEMG Drawdown Comparison

Correlation

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