AAAU vs. GLDM
Compare and contrast key facts about Goldman Sachs Physical Gold ETF (AAAU) and SPDR Gold MiniShares Trust (GLDM).
AAAU and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both AAAU and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAAU or GLDM.
Performance
AAAU vs. GLDM - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with AAAU having a 28.19% return and GLDM slightly higher at 28.31%.
AAAU
28.19%
-2.60%
11.16%
32.27%
12.45%
N/A
GLDM
28.31%
-2.62%
11.30%
32.38%
12.51%
N/A
Key characteristics
| AAAU | GLDM | |
|---|---|---|
| Sharpe Ratio | 2.29 | 2.30 |
| Sortino Ratio | 3.05 | 3.05 |
| Omega Ratio | 1.40 | 1.40 |
| Calmar Ratio | 4.15 | 4.18 |
| Martin Ratio | 13.47 | 13.57 |
| Ulcer Index | 2.50% | 2.49% |
| Daily Std Dev | 14.72% | 14.74% |
| Max Drawdown | -21.63% | -21.63% |
| Current Drawdown | -5.01% | -4.96% |
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AAAU vs. GLDM - Expense Ratio Comparison
Both AAAU and GLDM have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between AAAU and GLDM is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AAAU vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Physical Gold ETF (AAAU) and SPDR Gold MiniShares Trust (GLDM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAAU vs. GLDM - Dividend Comparison
Neither AAAU nor GLDM has paid dividends to shareholders.
Drawdowns
AAAU vs. GLDM - Drawdown Comparison
The maximum AAAU drawdown since its inception was -21.63%, roughly equal to the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for AAAU and GLDM. For additional features, visit the drawdowns tool.
Volatility
AAAU vs. GLDM - Volatility Comparison
Goldman Sachs Physical Gold ETF (AAAU) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 5.57% and 5.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.