Spdr Gold Shares Etf Profile
| GLD Etf | USD 245.59 2.10 0.86% |
Performance8 of 100
| Odds Of DistressLess than 9
|
SPDR Gold is trading at 245.59 as of the 30th of November 2024, a 0.86 percent up since the beginning of the trading day. The etf's lowest day price was 244.73. SPDR Gold has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Note, on March 29, 2024, Senator Thomas R Carper of US Senate acquired under $15k worth of SPDR Gold Shares's common stock.
The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. Gold SPDR is traded on NYSEARCA Exchange in the United States. More on SPDR Gold Shares
Moving together with SPDR Etf
SPDR Etf Highlights
| Chairman | William Shea |
| Thematic Ideas | Showing 3 out of 4 themes |
| Old Name | Boost Gold ETC |
| Business Concentration | Precious Metals ETFs, Investor Favorites, Baby Boomer Prospects, Gold ETFs, Commodities Focused, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2004-11-12 |
| Benchmark | Gold - London PM Gold Price |
| Entity Type | Grantor Trust |
| Average Trading Valume | 7.78 Million |
| Asset Type | Commodities |
| Category | Precious Metals |
| Focus | Gold |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | BNY Mellon Asset Servicing |
| Advisor | World Gold Trust Services, LLC |
| Custodian | HSBC Bank plc |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Transfer Agent | HSBC Bank plc |
| Trustee | BNY Mellon Asset Servicing |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 2.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 27.37 |
| Name | SPDR Gold Shares |
| Currency Code | USD |
| Open Figi | BBG000CRF6Q8 |
| In Threey Volatility | 12.72 |
| 1y Volatility | 8.95 |
| 200 Day M A | 223.83 |
| 50 Day M A | 246.38 |
| Code | GLD |
| Updated At | 29th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.87 |
SPDR Gold Shares [GLD] is traded in USA and was established 2004-11-18. The fund is classified under Commodities Focused category within SPDR State Street Global Advisors family. The entity is thematically classified as Precious Metals ETFs. SPDR Gold Shares currently have 50.49 B in assets under management (AUM). , while the total return for the last 3 years was 13.4%.
Check SPDR Gold Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR Gold Shares Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
SPDR Gold Top Holders
| RQICX | Resq Strategic Income | Mutual Fund | Allocation--15% to 30% Equity | |
| RHTX | Starboard Investment Trust | Etf | Tactical Allocation | |
| GLBIX | Leuthold Global Fund | Mutual Fund | World Allocation | |
| CENNX | Centerstone Investors Fund | Mutual Fund | World Allocation | |
| RALYX | Lazard Real Assets | Mutual Fund | World Allocation | |
| RQIIX | Resq Strategic Income | Mutual Fund | Allocation--15% to 30% Equity | |
| IGOAX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity | |
| JOBIX | Johcm Global Income | Mutual Fund | World Allocation |
SPDR Gold Shares Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0738 | |||
| Jensen Alpha | 0.1033 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) |
SPDR Gold Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold Shares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of SPDR Gold Shares is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Gold's value that differs from its market value or its book value, called intrinsic value, which is SPDR Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Gold's market value can be influenced by many factors that don't directly affect SPDR Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.