What was Gold ETF (GLD)'s compound annual growth rate (CAGR) since 2022?

Gold ETF (GLD)'s CAGR from 2022 to September 2026 was 18.9% per year. For comparison, the S&P 500 has historically averaged around 10% annually. Gold ETF (GLD) significantly outperformed traditional equity markets on an annualized basis.

How does Gold ETF (GLD) compare to the S&P 500 since 2022?

The same $1,000 invested in an S&P 500 index fund in 2022 would be worth approximately $1,723.35 today. Gold ETF (GLD) outperformed the index by $548.91 — 1.32x the return of the S&P 500.

How much of the Gold ETF (GLD) gain would you keep after taxes?

Sold today, the $1,272.26 gain would be a long-term capital gain for US federal tax. At the 15% rate most people pay, you'd keep about $2,081.42. At the top rate of 23.8% (20% plus the 3.8% net investment income tax) you'd keep about $1,969.46, and lower incomes pay 0%. State tax is extra, and gains inside a Roth IRA aren't taxed.

What is the inflation-adjusted return on $1,000 in Gold ETF (GLD) since 2022?

Adjusted for cumulative US inflation since 2022, the real purchasing-power value of the Gold ETF (GLD) position is approximately $2,040.16 in 2022 dollars. Inflation shrinks the gain, but the investment still grew faster than prices.

How did Gold ETF (GLD) perform in 2022?

Gold ETF (GLD) rose 1.6% during 2022, from $168.33 at the start of the year to $171.06 at the start of 2023.

What If You Invested $1,000 in Gold ETF (GLD) in 2022?

Q: Did Gold ETF (GLD) pay dividends?

No. Gold ETF (GLD) paid no dividends over this period, so the whole return came from its share price.

Try your own numbers

If I had putintoat the start of…

it would be worth today

$2,272

+$1,272 profit2.27x18.9% a year

The same $1,000 in an S&P 500 index fund: $1,723

Includes the fund’s 0.4% yearly fee, roughly $28.04 over this time.

Aftertax on the gain, you’d keep$2,081

US federal long-term rates: 15% for most people, 0% on lower incomes, 20% + 3.8% on high incomes. No state tax included; none inside a Roth IRA.

Compare with

Growth Over Time

Performance Metrics

Total Invested

$1,000.00

Current Value

$2,272.26

Total Profit

$1,272.26

Multiplier

2.27x

CAGR

18.9%

Max Drawdown

-23.8%

Inflation-Adjusted

$2,040.16

Benchmark Comparison

How does $1,000.00 invested in 2022 compare across different asset classes?

Asset	Value Today	Return
Gold ETF (GLD)	$2,272.26	2.27x
S&P 500	$1,723.35	1.72x
Gold	$2,296.99	2.30x
Savings (2% APY)	$1,098.50	1.10x

Dividends

Gold ETF (GLD) paid no dividends over this period, so the whole return came from its share price.

Dividends from Yahoo Finance. Shares today assume every dividend was reinvested.

Gold ETF (GLD) charges a yearly fee of 0.4%. It’s already taken out of the fund’s price, so the results above include it; at today’s rate it came to roughly $28.04 on this investment. Source

Back in 2022

In 2022, a gallon of gas averaged $3.95, a movie ticket averaged $10.53 and the new iPhone 14 Pro started at $999. eia.gov apple.com indiewire.com
During 2022 itself, Gold ETF (GLD) rose 1.6%, #14 of the 112 investments we track. The best was Super Micro Computer (+84%); the worst was Solana (−94%). Full 2022 results →

$1,000 in Gold ETF (GLD), year by year

Of the 112 investments we track that were available at the start of 2022, Gold ETF (GLD) ranks #24 by growth to today — just behind AbbVie and ahead of Morgan Stanley. See the full 2022 ranking →

Gold ETF (GLD) started 2022 7.7% below its start-of-2021 high, after falling 7.7% in 2021. It has been worth more than the $1,000 put in at every January since, and still is today. Its best January was 2026, at $2,366. Today it's 4% below that, so selling then would have beaten holding. It rose in 4 of the 4 full years since. It has been ahead of the same $1,000 in the S&P 500 at every January since, and still is. Month by month, the deepest fall ran from Feb 2026 ($2,873) to Jun 2026 ($2,188), a drop of 24%. At its lowest month-end, in Oct 2022, it was worth $902.26.

When	Worth	Change	S&P 500
Start of 2022	$1,000	—	$1,000
Start of 2023	$1,016	+1.6%	$819
Start of 2024	$1,133	+11%	$1,034
Start of 2025	$1,458	+29%	$1,293
Start of 2026	$2,366	+62%	$1,524
Today	$2,272	−4.0%	$1,723

Values at the start of each year (first trading day for stocks). The S&P 500 column includes reinvested dividends, like the stock values.

Historical Context

At the start of 2022, Gold ETF (GLD) was priced at $168.33 (adjusted for later splits and dividends). $1,000 would have bought about 5.94 shares. GLD holds physical gold bullion.

Measured from one January to the next, Gold ETF (GLD)'s best year since then was 2025 (+62%) and its weakest was 2022 (+1.6%).

Frequently Asked Questions

A $1,000 investment in Gold ETF (GLD) at the start of 2022 would be worth approximately $2,272.26 today — a 2.27x return ($1,272.26 profit) over 4.7 years.

Methodology & Sources

Price data: Historical prices are the closing price on the first trading day of each year, adjusted for splits and dividends (so returns assume dividends were reinvested), from Yahoo Finance and MacroTrends. Current prices come from Yahoo Finance and refresh hourly; if that source is unavailable, the last saved price is used.

Calculation: Assumes a single purchase at the start of 2022 (or the first trading day, for companies that listed that year), held until today. No transaction fees, taxes, or slippage are included.

Benchmarks: The S&P 500 comparison uses the S&P 500 Total Return index (dividends reinvested, like an index fund) at the start of2022 and today. Gold uses the price per troy ounce. Savings account assumes a 2% APY compounded annually.

Inflation adjustment: Uses U.S. CPI-U annual averages from the Bureau of Labor Statistics. The 2026 CPI value is estimated.

Educational purposes only. Past performance does not guarantee future results. Not financial advice.