ABEMX vs. GLDM
Compare and contrast key facts about abrdn Emerging Markets Fund (ABEMX) and SPDR Gold MiniShares Trust (GLDM).
ABEMX is managed by Aberdeen. It was launched on May 10, 2007. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABEMX or GLDM.
Key characteristics
| ABEMX | GLDM | |
|---|---|---|
| YTD Return | -2.89% | 12.86% |
| 1Y Return | 0.06% | 17.33% |
| 3Y Return (Ann) | -11.51% | 9.35% |
| 5Y Return (Ann) | -0.40% | 12.67% |
| Sharpe Ratio | -0.09 | 1.32 |
| Daily Std Dev | 13.38% | 12.23% |
| Max Drawdown | -56.78% | -21.63% |
| Current Drawdown | -36.24% | -2.57% |
Correlation
The correlation between ABEMX and GLDM is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ABEMX vs. GLDM - Performance Comparison
In the year-to-date period, ABEMX achieves a -2.89% return, which is significantly lower than GLDM's 12.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ABEMX vs. GLDM - Expense Ratio Comparison
ABEMX has a 1.10% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
ABEMX vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Fund (ABEMX) 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
ABEMX vs. GLDM - Dividend Comparison
ABEMX's dividend yield for the trailing twelve months is around 1.47%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEMX abrdn Emerging Markets Fund | 1.47% | 1.42% | 1.82% | 11.80% | 0.87% | 1.85% | 1.57% | 1.32% | 1.23% | 2.62% | 4.74% | 1.40% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ABEMX vs. GLDM - Drawdown Comparison
The maximum ABEMX drawdown since its inception was -56.78%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for ABEMX and GLDM. For additional features, visit the drawdowns tool.
Volatility
ABEMX vs. GLDM - Volatility Comparison
The current volatility for abrdn Emerging Markets Fund (ABEMX) is 2.89%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.15%. This indicates that ABEMX experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.