SPDR Gold Shares (GLD) ETF Analysis

SPDR Gold Shares (GLD) is a pioneering commodity ETF, launched in 2004, designed to track the market price of physical gold bullion.

With a substantial $149.71 billion in assets under management (AUM) and an expense ratio of 0.40%, it stands as the first U.S.-listed ETF backed by a tangible asset, offering investors a direct and cost-effective exposure to gold without the complexities of physical ownership.

SPDR Gold Shares (GLD) ETF — Price, Holdings & Analysis

SPDR Gold Shares (GLD) is a pioneering commodity ETF, launched in 2004, designed to track the market price of physical gold bullion. With a substantial $149.71 billion in assets under management (AUM) and an expense ratio of 0.40%, it stands as the first U.S.-listed ETF backed by a tangible asset, offering investors a direct and cost-effective exposure to gold without the complexities of physical ownership.

ETF Overview

The SPDR Gold Trust aims to mirror the market price movements of physical gold bullion, after deducting its operational expenses. This pioneering fund was the first gold exchange-traded fund (ETF) to be introduced in the U.S., and also the initial U.S.-listed ETF to be backed by a tangible asset. For a significant number of investors, the combined expenses of purchasing GLD shares on the secondary market and covering the Trust's continuous fees could be lower than the expenditures associated with directly acquiring, safeguarding, and insuring physical gold within a conventional allocated bullion account.

The SPDR Gold Shares (GLD) ETF is structured to provide investors with direct exposure to the price movements of physical gold bullion. Its core strategy involves holding actual gold bars in secure vaults

Risk Metrics

SPDR Gold Shares holds only 0 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of 0.36 indicates lower volatility relative to the broader market.

Expense Ratio

0.40%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

iShares Gold Trust (IAU) — 0.25% expense ratio
ProShares - UltraShort Silver (ZSL) — 0.95% expense ratio
iShares S&P GSCI Commodity-Indexed Trust (GSG) — 0.75% expense ratio
ProShares - UltraShort Bloomberg Natural Gas (KOLD) — 0.95% expense ratio
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI) — 0.85% expense ratio

State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street SPDR S&P Biotech ETF (XBI) (Equity) — 0.35% expense ratio
State Street US Equity Premium Income ETF (SPIN) (Equity) — 0.25% expense ratio

Risk Metrics

Beta: 0.36

Questions & Answers

What is SPDR Gold Shares (GLD)?

The SPDR Gold Trust aims to mirror the market price movements of physical gold bullion, after deducting its operational expenses.

This pioneering fund was the first gold exchange-traded fund (ETF) to be introduced in the U.S., and also the initial U. With $149.7B in assets under management, it is one of the larger funds in its category.

What is the expense ratio for GLD?

SPDR Gold Shares has an expense ratio of 0.40%, which is considered moderate for commodities ETFs. This means for every $10,000 invested, annual fees would be approximately $40.

Lower expense ratios generally lead to better long-term returns, all else being equal.

How long has GLD been around?

SPDR Gold Shares was launched in 2004, making it 22 years old. As one of the longer-running ETFs, it has an extensive performance track record through multiple market cycles. It is managed by SPDR.

What is the current NAV of GLD?

SPDR Gold Shares has a net asset value (NAV) of approximately $411.18 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.

Is GLD a good investment?

SPDR Gold Shares is a commodities ETF with $149.7B in assets. Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors.

Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.