Compare/Updated Oct 26, 2026, refreshed every trading day
GLD vs SGOL
SPDR Gold Shares against abrdn Physical Gold Shares ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SGOL did slightly better over the 1,000-trading-day period: $1,000 invested on Oct 28, 2022 grew to $2,414, versus $2,394 for GLD, a 141.4% gain versus 139.4%. SGOL also led over three years (+104.0% versus +102.7%), while producing marginally lower recent volatility (28.3% versus 28.5%) and a slightly less severe maximum drawdown (-26.3% versus -26.4%). The difference is small, but SGOL’s lower 0.17% expense ratio versus GLD’s 0.40% likely helps explain its modest long-term edge. Both funds were nearly identical in daily performance, with 0.999 correlation and a typical monthly gap of only 0.05 points. GLD remains substantially larger, with $136B in assets versus SGOL’s $7B, which may matter to investors prioritizing scale and liquidity.
- Price is below its 200-day average ($414); 50-day at $395.
- RSI 34, neutral. Supertrend says sell. ADX 22, so the trend is developing.
- Price is below its 200-day average ($43); 50-day at $41.
- RSI 34, neutral. Supertrend says sell. ADX 19, so the trend is weak.
Head to head
Which has returned more, GLD or SGOL?
GLD beat SGOL in 20 of the last 48 months; SGOL won the other 28. The typical monthly gap was 0.05 points.
Total return by period
Which is riskier?
Both: Jan 29, 2026 to Jul 16, 2026
- 0.999
- correlation of daily moves, 4 years
- 1.01
- GLD move per 1% in SGOL
- 1.000
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.05 points.
When did they diverge?
| Month | GLD | SGOL | Gap |
|---|---|---|---|
| February 2026 | +8.7% | +8.3% | +0.37 pts |
| January 2026 | +12.3% | +12.6% | -0.36 pts |
| December 2025 | +2.1% | +2.2% | -0.15 pts |
| December 2022 | +2.9% | +3.1% | -0.14 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with GLD and SGOL?
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