AIS vs. GLDM

Last updated Jul 21, 2026

AIS (VistaShares Artificial Intelligence Supercycle ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - AIS is a Technology Equities fund actively managed by VistaShares, while GLDM is a Gold fund tracking the LBMA Gold Price PM. AIS is actively managed, while GLDM is passively managed. Over the past year, AIS returned 132.70% vs 19.54% for GLDM. At a 0.15 correlation, their price movements are largely independent. AIS charges 0.75%/yr vs 0.10%/yr for GLDM.

Performance

AIS vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Artificial Intelligence Supercycle ETF (AIS) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIS achieves a 76.17% return, which is significantly higher than GLDM's -7.15% return.

AIS

• 1D: 0.30%
• 1M: -22.24%
• 6M: 59.19%
• YTD: 76.17%
• 1Y: 132.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 82.39%

GLDM

• 1D: -0.23%
• 1M: -5.00%
• 6M: -12.61%
• YTD: -7.15%
• 1Y: 19.54%
• 3Y*: 26.73%
• 5Y*: 17.18%
• 10Y*: —
• ALL TIME*: 15.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIS vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIS VistaShares Artificial Intelligence Supercycle ETF	76.17%	58.35%	-4.74%
GLDM SPDR Gold MiniShares Trust	-7.15%	64.20%	-0.50%

Correlation

The correlation between AIS and GLDM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.15

The correlation between AIS and GLDM shifts across timeframes, from 0.15 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AIS vs. GLDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIS

AIS Risk / Return Rank: 92
AIS Sharpe Ratio Rank: 95
AIS Sortino Ratio Rank: 87
AIS Omega Ratio Rank: 89
AIS Calmar Ratio Rank: 94
AIS Martin Ratio Rank: 94

GLDM

GLDM Risk / Return Rank: 24
GLDM Sharpe Ratio Rank: 26
GLDM Sortino Ratio Rank: 24
GLDM Omega Ratio Rank: 28
GLDM Calmar Ratio Rank: 22
GLDM Martin Ratio Rank: 21

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.

AIS vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Artificial Intelligence Supercycle ETF (AIS) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIS	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	2.95	0.71	+2.24
Sortino ratio: Return per unit of downside risk	3.08	1.05	+2.03
Omega ratio: Gain probability vs. loss probability	1.43	1.15	+0.28
Calmar ratio: Return relative to maximum drawdown	5.35	0.75	+4.60
Martin ratio: Return relative to average drawdown	19.98	1.75	+18.23

AIS vs. GLDM - Sharpe Ratio Comparison

The current AIS Sharpe Ratio is 2.95, which is higher than the GLDM Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of AIS and GLDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIS vs. GLDM - Drawdown Comparison

The maximum AIS drawdown since its inception was -32.78%, which is greater than GLDM's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for AIS and GLDM.

Drawdown Indicators

	AIS	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-26.27%	-6.51%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-26.27%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.27%	—
Current Drawdown Current decline from peak	-24.74%	-25.76%	+1.02%
Average Drawdown Average peak-to-trough decline	-5.88%	-6.48%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	11.22%	-4.55%

Volatility

AIS vs. GLDM - Volatility Comparison

VistaShares Artificial Intelligence Supercycle ETF (AIS) has a higher volatility of 22.23% compared to SPDR Gold MiniShares Trust (GLDM) at 6.39%. This indicates that AIS's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIS	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.23%	6.39%	+15.84%
Volatility (6M) Calculated over the trailing 6-month period	40.60%	24.04%	+16.56%
Volatility (1Y) Calculated over the trailing 1-year period	45.37%	27.86%	+17.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.75%	18.32%	+24.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.75%	17.07%	+25.68%

AIS vs. GLDM - Expense Ratio Comparison

AIS has a 0.75% expense ratio, which is higher than GLDM's 0.10% expense ratio.

Dividends

AIS vs. GLDM - Dividend Comparison

Neither AIS nor GLDM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIS and GLDM in my portfolio?

AIS and GLDM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIS or GLDM?

AIS has higher volatility (22.23%) compared to GLDM (6.39%). In terms of maximum drawdown, AIS dropped -32.78% vs GLDM's -26.27%.

Which ETF is better, AIS or GLDM?

On 1-year performance, AIS leads with 132.70% vs 19.54% for GLDM. On fees, GLDM is cheaper at 0.10% per year. On volatility, GLDM has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIS or GLDM?

Over the 1-year period, AIS has performed better with a 132.70% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIS or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, AIS or GLDM?

AIS and GLDM have nearly identical dividend yields, around 0.00%.

What is the main difference between AIS and GLDM?

AIS is categorized as Technology Equities, while GLDM is Gold. They also come from different issuers: VistaShares and State Street. Their fees differ too: 0.75% for AIS and 0.10% for GLDM.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (2.95 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.