PortfoliosLab logoPortfoliosLab logo
ISIN
US98149E2046
CUSIP
98149E204
Inception Date
Jun 25, 2018
Leveraged
1x (No leverage)
Index Tracked
LBMA Gold Price PM
Domicile
United States
Distribution Policy
Accumulating
Asset Class
Commodity
Assets Under Management
$31B

Share Price Chart


Loading charts...

Compare stocks, funds, or ETFs

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


Performance

GLDM Performance Chart

SPDR Gold MiniShares Trust (GLDM) is up 0.1% since the beginning of the year. GLDM is currently trading at $85 per share. Investors who bought $1,000 worth of GLDM shares 5 years ago would now be looking at an investment worth $2,269.


Loading charts...

S&P 500 Index

Returns By Period

SPDR Gold MiniShares Trust (GLDM) has returned 0.06% so far this year and 28.49% over the past 12 months.


SPDR Gold MiniShares Trust

1D
-3.67%
1M
-8.00%
YTD
0.06%
6M
2.68%
1Y
28.49%
3Y*
29.91%
5Y*
17.81%
10Y*

Benchmark (S&P 500 Index)

1D
-2.64%
1M
0.25%
YTD
7.86%
6M
7.47%
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDM Monthly Returns History

Based on dividend-adjusted daily data since Jun 26, 2018, GLDM's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jan 2026 with a return of +12.5%, while the worst month was Mar 2026 at -11.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, GLDM closed higher 53% of trading days. The best single day was Feb 3, 2026 with a return of +6.4%, while the worst single day was Jan 30, 2026 at -10.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202612.46%8.47%-10.99%-1.42%-1.58%-5.02%0.06%
20256.71%1.91%9.46%5.45%-0.03%0.43%-0.56%4.99%11.77%3.58%5.39%2.29%64.20%
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%
2022-1.65%6.15%1.34%-2.08%-3.21%-1.59%-2.48%-2.92%-2.91%-1.73%8.42%2.99%-0.47%
2021-3.17%-6.27%-1.11%3.53%7.56%-6.97%2.44%0.11%-3.32%1.55%-0.68%3.24%-4.01%

Benchmark Metrics

SPDR Gold MiniShares Trust has an annualized alpha of 20.82%, beta of 0.52, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 27, 2018.

  • This ETF captured 113.81% of S&P 500 Index gains but only 75.50% of its losses - a favorable profile for investors.
  • Beta of 0.52 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
20.82%
Beta
0.52
0.06
Upside Capture
113.81%
Downside Capture
75.50%

Expense Ratio

GLDM has an expense ratio of 0.10%, which is considered low.


Return for Risk

Risk / Return Rank

GLDM ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


GLDM Risk / Return Rank: 3232
Overall Rank
GLDM Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
GLDM Sortino Ratio Rank: 2929
Sortino Ratio Rank
GLDM Omega Ratio Rank: 3636
Omega Ratio Rank
GLDM Calmar Ratio Rank: 3232
Calmar Ratio Rank
GLDM Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and compare them to S&P 500 Index.


GLDMBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.22

Calmar ratioReturn relative to maximum drawdown

1.43

Martin ratioReturn relative to average drawdown

3.63

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.


Loading charts...

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 20.00%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-21.63%Sep 2022
2y 1mo1y 3mo
3y 4moAug 2020 - Dec 2023
2026 bear market2026
-20.00%Jun 2026
4mo 6d
4mo 7dJan 2026 - now
COVID crash2020
-12.54%Mar 2020
9d21d
1moMar 2020 - Apr 2020
2025 correction2025
-10.07%Nov 2025
14d1mo 18d
2mo 2dOct 2025 - Dec 2025
2024 pullback2024
-8.09%Nov 2024
15d2mo 16d
3mo 1dOct 2024 - Jan 2025

Drawdown Indicators


GLDMBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-21.63%

-9.10%

-12.53%

Max Drawdown (1Y)

Largest decline over 1 year

-20.00%

Max Drawdown (3Y)

Largest decline over 3 years

-20.00%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

Current Drawdown

Current decline from peak

-20.00%

-2.97%

-17.03%

Average Drawdown

Average peak-to-trough decline

-6.23%

-1.13%

-5.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.86%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading charts...

Portfolio Analyzer

Build a portfolio with GLDM

Add SPDR Gold MiniShares Trust to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with GLDM