GLD vs LNG: Correlation
How closely do SPDR Gold Shares (GLD) and Cheniere Energy, Inc. (LNG) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLD and LNG?
Over the past 3 years, GLD and LNG moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -96.0 %².
Within GLD's tracked universe of 30 assets, LNG comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GLD ahead by 17.7 points (+35.1% versus +17.4%). Risk is not evenly split, since LNG carries 1.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GLD vs LNG: side by side
| GLD (SPDR Gold Shares) | LNG (Cheniere Energy, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | +17.4% |
| 5-year return | +149.5% | +231.8% |
| Volatility (ann.) | 18.7% | 28.3% |
| Beta vs S&P 500 | 0.18 | 0.13 |
| Max drawdown (3Y) | -26.4% | -24.9% |
| Market cap | – | $58.0B |
| P/E (trailing) | – | 21.5 |
| Dividend yield | – | 0.78% |
| Sector / category | ETF · Commodities | US Listed |
Year-by-year returns
| Year | GLD | LNG |
|---|---|---|
| 2022 | -0.8% | +49.3% |
| 2023 | +12.7% | +15.0% |
| 2024 | +26.7% | +27.2% |
| 2025 | +63.7% | -8.7% |
| 2026 | +6.6% | +45.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLD and LNG good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GLD and LNG?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.44 over the last year and -0.09 over 5 years.
Is LNG a good diversifier for GLD?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gld-vs-lng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gld-vs-lng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLD correlations · LNG correlations
