GLD vs VWO
Comparison between SPDR Gold Shares ETF (GLD, ETF) and VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES (VWO, ETF).
5-Year PerformanceGLD has outperformed VWO, delivering a return of +17.8% compared to +5.2%
GLD vs VWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GLD
$150B
Winner
VWO
$163B
Expense Ratio
GLD
0.40%
Winner
VWO
0.06%
Max Drawdown
Winner
GLD
45.56%
VWO
68.28%
Sharpe Ratio
GLD
0.72
Winner
VWO
1.33
5Y Beta
Winner
GLD
0.24
VWO
0.73
5Y Dividends CAGR
GLD
N/A
VWO
9.54%
GLD vs VWO - Historical Returns
Returns include dividend reinvestment.
1M
GLD
-8.82%
Winner
VWO
+0.76%
3M
GLD
-6.61%
Winner
VWO
+10.46%
6M
GLD
-8.78%
Winner
VWO
+10.67%
1Y
GLD
+21.29%
Winner
VWO
+27.00%
5Y(CAGR)
Winner
GLD
+17.83%
VWO
+5.25%
10Y(CAGR)
Winner
GLD
+12.13%
VWO
+8.34%
Max(CAGR)
Winner
GLD
+10.42%
VWO
+7.17%
GLD vs VWO - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | GLD | VWO |
|---|---|---|
| 2026 | -5.26% | +8.19% |
| 2025 | +61.48% | +25.92% |
| 2024 | +26.96% | +11.89% |
| 2023 | +11.76% | +8.10% |
| 2022 | +0.78% | -18.57% |
| 2021 | -6.24% | +0.83% |
| 2020 | +23.90% | +12.51% |
| 2019 | +17.78% | +20.22% |
| 2018 | -3.12% | -16.21% |
| 2017 | +11.93% | +30.06% |
| 2016 | +6.53% | +15.49% |
| 2015 | -11.06% | -14.83% |
| 2014 | -3.75% | +3.56% |
| 2013 | -28.83% | -6.87% |
| 2012 | +3.91% | +15.81% |
| 2011 | +10.14% | -19.55% |
| 2010 | +26.34% | +15.52% |
| 2009 | +24.45% | +67.34% |
| 2008 | +1.96% | -52.35% |
| 2007 | +32.40% | +38.84% |
| 2006 | +18.99% | +27.38% |
| 2005 | +19.90% | +25.70% |
| 2004 | -1.31% | N/A |
GLD vs VWO Drawdown Comparison
The maximum drawdown for GLD was -45.56%, occurring on Dec 17, 2015. Recovery took 2248 trading sessions.
The maximum drawdown for VWO was -67.11%, occurring on Nov 20, 2008. Recovery took 2476 trading sessions.
The current GLD drawdown is -23.91%. The current VWO drawdown is -3.07%.
| Rank | GLD | VWO |
|---|---|---|
| #1 | -45.56% Aug 22, 2011 - Jul 29, 2020 | -67.11% Oct 31, 2007 - Aug 31, 2017 |
| #2 | -29.41% Mar 17, 2008 - Sep 16, 2009 | -36.39% Jan 26, 2018 - Nov 16, 2020 |
| #3 | -24.46% Jan 29, 2026 - Jun 10, 2026 | -34.30% Feb 17, 2021 - Jun 26, 2025 |
| #4 | -22.00% Aug 6, 2020 - Mar 4, 2024 | -25.99% May 9, 2006 - Dec 4, 2006 |
| #5 | -21.79% May 12, 2006 - Sep 18, 2007 | -18.05% Jul 23, 2007 - Sep 21, 2007 |
| #6 | -12.70% Dec 2, 2009 - May 11, 2010 | -11.61% Feb 22, 2007 - Apr 3, 2007 |
| #7 | -10.13% Oct 20, 2025 - Dec 22, 2025 | -11.17% Feb 25, 2026 - Apr 17, 2026 |
| #8 | -9.52% Dec 3, 2004 - Sep 16, 2005 | -11.00% Sep 30, 2005 - Nov 18, 2005 |
| #9 | -8.12% Oct 30, 2024 - Jan 30, 2025 | -9.79% Mar 10, 2005 - Jul 11, 2005 |
| #10 | -8.04% Dec 6, 2010 - Mar 1, 2011 | -6.63% Feb 1, 2006 - Apr 3, 2006 |
| #11 | -7.59% Jun 18, 2010 - Sep 14, 2010 | -5.67% Jun 2, 2026 - Jun 22, 2026 |
| #12 | -7.11% Apr 21, 2025 - Jun 13, 2025 | -5.39% Jan 3, 2007 - Jan 24, 2007 |
| #13 | -6.70% Dec 12, 2005 - Jan 3, 2006 | -4.98% Jan 21, 2021 - Feb 5, 2021 |
| #14 | -6.08% Nov 7, 2007 - Dec 28, 2007 | -4.95% Oct 18, 2007 - Oct 26, 2007 |
| #15 | -5.84% Apr 29, 2011 - Jul 12, 2011 | -4.84% Oct 29, 2025 - Jan 2, 2026 |
Correlation
Correlation between GLD and VWO is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
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