SPDR Gold MiniShares Trust (GLDM)
GLDM is a passive ETF by State Street tracking the investment results of the LBMA Gold PM Price. GLDM launched on Jun 25, 2018 and has a 0.18% expense ratio.
ETF Info
| ISIN | US98149E2046 |
|---|---|
| CUSIP | 98149E204 |
| Issuer | State Street |
| Inception Date | Jun 25, 2018 |
| Category | Precious Metals, Gold |
| 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 compared to other funds.
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.
Popular comparisons: GLDM vs. GLD, GLDM vs. IAUM, GLDM vs. IAU, GLDM vs. AAAU, GLDM vs. SGOL, GLDM vs. GDX, GLDM vs. VOO, GLDM vs. GDXJ, GLDM vs. SPY, GLDM vs. ^GSPC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR Gold MiniShares Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SPDR Gold MiniShares Trust had a return of 14.42% year-to-date (YTD) and 19.44% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.42% | 13.20% |
| 1 month | 1.81% | -1.28% |
| 6 months | 16.82% | 10.32% |
| 1 year | 19.44% | 18.23% |
| 5 years (annualized) | 10.62% | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.39% | 0.50% | 8.66% | 3.06% | 1.61% | -0.09% | 14.42% | ||||||
| 2023 | 5.78% | -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% |
| 2020 | 4.56% | -0.57% | -0.13% | 7.12% | 2.55% | 2.84% | 10.87% | -0.41% | -4.13% | -0.48% | -5.40% | 7.01% | 25.10% |
| 2019 | 2.85% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GLDM is 75, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 4.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.63% | Aug 7, 2020 | 537 | Sep 26, 2022 | 315 | Dec 27, 2023 | 852 |
| -12.54% | Mar 10, 2020 | 8 | Mar 19, 2020 | 15 | Apr 9, 2020 | 23 |
| -6.78% | Jul 10, 2018 | 28 | Aug 16, 2018 | 87 | Dec 20, 2018 | 115 |
| -6.45% | Sep 5, 2019 | 48 | Nov 11, 2019 | 37 | Jan 6, 2020 | 85 |
| -5.72% | May 21, 2024 | 13 | Jun 7, 2024 | 25 | Jul 16, 2024 | 38 |
Volatility
Volatility Chart
The current SPDR Gold MiniShares Trust volatility is 4.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.