I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.

On Thursday, I highlighted the SPDR Gold Shares Trust (NYSEArca: GLD).

The gold ETF is down about 16% year to date although the precious metal’s price climbed back above $1,400 an ounce on Thursday.

Gold ETFs still have value as a portfolio diversifier despite this year’s price correction.

The precious metal is a low-correlating asset that will help diversify a traditional portfolio comprised of stocks and bonds.

Click here to listen to the podcast.

To access previous podcasts, take a look at our podcasts category.

Full disclosure: Tom Lydon’s clients own GLD.

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