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SPDR Gold MiniShares Trust (GLDM)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US98149E2046

CUSIP

98149E204

Inception Date

Jun 25, 2018

Leveraged

1x

Index Tracked

LBMA Gold PM Price

Home Page

www.ssga.com

Asset Class

Commodity

Expense Ratio

GLDM has an expense ratio of 0.18%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

SPDR Gold MiniShares Trust (GLDM) returned 25.49% year-to-date (YTD) and 41.43% over the past 12 months.


GLDM

YTD

25.49%

1M

1.86%

6M

23.80%

1Y

41.43%

3Y*

21.40%

5Y*

13.56%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.51%

1M

3.96%

6M

-2.00%

1Y

12.02%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of GLDM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20256.71%1.91%9.46%5.45%-0.03%25.49%
2024-1.39%0.50%8.66%3.06%1.61%-0.09%5.38%2.10%5.12%4.34%-3.11%-1.35%27.08%
20235.78%-5.33%7.92%0.97%-1.37%-2.21%2.34%-1.28%-4.73%7.39%2.57%1.31%13.04%
2022-1.00%6.15%1.34%-2.08%-3.21%-1.59%-2.48%-2.92%-2.91%-1.73%8.42%2.99%0.19%
2021-3.17%-6.27%-1.11%3.53%7.56%-6.97%2.44%0.11%-3.32%1.55%-0.68%2.56%-4.65%
20204.56%-0.57%-0.13%7.12%2.55%2.84%10.87%-0.41%-4.13%-0.48%-5.40%7.01%25.10%
20192.85%-0.49%-1.60%-0.70%1.72%8.05%0.06%7.81%-3.29%2.65%-3.18%3.63%18.10%
2018-0.50%-2.20%-2.04%-0.75%2.10%0.49%4.91%1.84%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 95, GLDM is among the top 5% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of GLDM is 9595
Overall Rank
The Sharpe Ratio Rank of GLDM is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of GLDM is 9595
Sortino Ratio Rank
The Omega Ratio Rank of GLDM is 9393
Omega Ratio Rank
The Calmar Ratio Rank of GLDM is 9797
Calmar Ratio Rank
The Martin Ratio Rank of GLDM is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

SPDR Gold MiniShares Trust Sharpe ratios as of Jun 2, 2025 (values are recalculated daily):

  • 1-Year: 2.29
  • 5-Year: 0.89
  • All Time: 0.99

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of SPDR Gold MiniShares Trust compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


SPDR Gold MiniShares Trust doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR Gold MiniShares Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SPDR Gold MiniShares Trust was 21.63%, occurring on Sep 26, 2022. Recovery took 315 trading sessions.

The current SPDR Gold MiniShares Trust drawdown is 3.80%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.63%Aug 7, 2020537Sep 26, 2022315Dec 27, 2023852
-12.54%Mar 10, 20208Mar 19, 202015Apr 9, 202023
-8.09%Oct 31, 202412Nov 15, 202449Jan 30, 202561
-7.11%Apr 22, 202517May 14, 2025
-6.78%Jul 10, 201828Aug 16, 201887Dec 20, 2018115
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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