The Gold Shares fund is an exchange traded fund (ETF) within the SPDR family. There are at least 2 funds that are incredibly highly correlated with GLD.

Within the SPDR family of funds, the most positively correlated other funds are Barclays International Treasury Bond, Barclays TIPS, Barclays 0-5 Year TIPS, S&P Emerging Markets Dividend, Barclays International High Yield Bond.

Outside of the SPDR family, the most positively correlated other funds are iShares - Gold Trust, PowerShares - DB Gold Fund, iShares - MSCI Global Silver Miners ETF, iShares - MSCI Global Gold Miners ETF, PowerShares - DB Precious Metals Fund.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to SPDR's Gold Shares fund.
100.0% IAU iShares Gold Trust
99.4% DGL PowerShares DB Gold Fund

Performance for the previous 2 years


Positively Correlated SPDR ETFs
BWX SPDR Barclays International Treasury Bond 80.4%
IPE SPDR Barclays TIPS 76.8%
SIPE SPDR Barclays 0-5 Year TIPS 74.4%
EDIV SPDR S&P Emerging Markets Dividend 74.2%
IJNK SPDR Barclays International High Yield Bond 71.2%
Negatively Correlated SPDR funds
XSW SPDR S&P Software & Services -92.7%
XAR SPDR S&P Aerospace & Defense -92.3%
XHS SPDR S&P Health Care Services -91.1%
XTN SPDR S&P Transportation -89.0%
ACIM SPDR MSCI ACWI IMI -88.5%

Positively Correlated Non-SPDR funds
IAU iShares Gold Trust 100.0%
DGL PowerShares DB Gold Fund 99.4%
SLVP iShares MSCI Global Silver Miners ETF 98.3%
RING iShares MSCI Global Gold Miners ETF 98.1%
DBP PowerShares DB Precious Metals Fund 97.7%
Negatively Correlated Non-SPDR funds
KBWR PowerShares KBW Regional Bank Portfolio -93.0%
KBWB PowerShares KBW Bank Portfolio -92.5%
VMVAX Vanguard Mutual Funds Mid-Cap Value Index Admiral -92.1%
FSCKX Fidelity Spartan Mid-Cap Index Fund - Fidelity Advantage Class -92.0%
FSCLX Fidelity Spartan Mid-Cap Index Fund - Investor Class -91.9%

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