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GLD · SPDR Gold Shares

Over the last 15 years (2011-10 to 2026-10), $10,000 invested in GLD with dividends reinvested grew to $23,271, 5.76% a year, with a worst peak-to-trough fall of -40.97%. Past performance doesn't predict future results.

Growth of $10,000 · 2011-10 to 2026-10 · dividends reinvested

CAGR (annualized return)
5.76%
Volatility (annualized)
16.26%
Worst drawdown
-40.97%
Sharpe ratio
0.32

How GLD held up in past market crashes

GLD has been through 4 of the market crashes since 2000 in our data. Its deepest price fall was 29.4% in the 2008 financial crisis, when the S&P 500 fell 56.5%. It took 10 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.

Deepest price fall and recovery time of GLD in each market crash, next to the S&P 500
CrashGLD deepest fallS&P 500 (SPY)Peak to bottomBack to peak
2008 financial crisis-29.4%-56.5%Mar 2008 to Nov 200810 months
2018 fourth-quarter selloff-2.7%-20.2%Oct 2018 to Nov 20181 months
2020 COVID crash-12.5%-34.1%Mar 2020 to Mar 20201 months
2022 bear market-21.0%-25.4%Mar 2022 to Sep 202214 months

Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.

About GLD

SPDR Gold Shares is an exchange-traded fund that seeks to reflect the price performance of gold bullion, minus the trust’s expenses. Managed by State Street Global Advisors, the fund provides investors with a straightforward way to access gold through a regulated investment vehicle rather than directly holding physical metal.

Fund description from our market-data provider.

Put GLD to the test

Every tool below opens prefilled with GLD: free, no account needed.

Educational use only, not investment advice. Results are hypothetical.Read full disclaimer

This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.