AVIV vs. GLDM
AVIV (Avantis International Large Cap Value ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - AVIV is a Foreign Large Cap Equities fund actively managed by Avantis, while GLDM is a Gold fund tracking the LBMA Gold Price PM. AVIV is actively managed, while GLDM is passively managed. Over the past 3 years, AVIV returned 19.51%/yr vs 26.73%/yr for GLDM. At a 0.35 correlation, their price movements are largely independent. AVIV charges 0.25%/yr vs 0.10%/yr for GLDM.
Performance
AVIV vs. GLDM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVIV achieves a 10.88% return, which is significantly higher than GLDM's -7.15% return.
AVIV
- 1D
- -0.71%
- 1M
- -0.81%
- 6M
- 7.06%
- YTD
- 10.88%
- 1Y
- 29.28%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.22%
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%
AVIV vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 10.88% | 41.80% | 4.30% | 18.47% | -8.26% | 1.83% |
GLDM SPDR Gold MiniShares Trust | -7.15% | 64.20% | 27.08% | 13.04% | -0.47% | 5.94% |
Correlation
The correlation between AVIV and GLDM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.35 |
The correlation between AVIV and GLDM shifts across timeframes, from 0.35 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVIV vs. GLDM — Risk / Return Rank
AVIV
GLDM
AVIV vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) 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.
| AVIV | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 0.75 | +1.98 |
| Martin ratioReturn relative to average drawdown | 10.47 | 1.75 | +8.73 |
Loading charts...
Drawdowns
AVIV vs. GLDM - Drawdown Comparison
The maximum AVIV drawdown since its inception was -27.69%, which is greater than GLDM's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for AVIV and GLDM.
Loading charts...
Drawdown Indicators
| AVIV | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -26.27% | -1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -26.27% | +15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -26.27% | +12.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.27% | — |
Current DrawdownCurrent decline from peak | -1.95% | -25.76% | +23.81% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -6.48% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 11.22% | -8.42% |
Volatility
AVIV vs. GLDM - Volatility Comparison
The current volatility for Avantis International Large Cap Value ETF (AVIV) is 3.70%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 6.39%. This indicates that AVIV 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.
Loading charts...
Volatility by Period
| AVIV | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 6.39% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 24.04% | -11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 27.86% | -13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 18.32% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 17.07% | -0.22% |
AVIV vs. GLDM - Expense Ratio Comparison
AVIV has a 0.25% expense ratio, which is higher than GLDM's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AVIV vs. GLDM - Dividend Comparison
AVIV's dividend yield for the trailing twelve months is around 2.56%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 2.56% | 3.01% | 3.46% | 3.64% | 2.84% | 0.57% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVIV and GLDM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (6.39%) compared to AVIV (3.70%). In terms of maximum drawdown, AVIV dropped -27.69% vs GLDM's -26.27%.
On 3-year performance, GLDM leads with 26.73% vs 19.51% for AVIV. On fees, GLDM is cheaper at 0.10% per year. On volatility, AVIV has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GLDM has performed better with a 26.73% return vs 19.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDM is cheaper with a 0.10% expense ratio, compared with 0.25% for AVIV.
AVIV has the higher dividend yield at 2.56%, compared with 0.00% for GLDM.
AVIV is categorized as Foreign Large Cap Equities, while GLDM is Gold. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.25% for AVIV and 0.10% for GLDM.
AVIV currently has the higher Sharpe Ratio (2.00 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.
Find the right allocation for AVIV and GLDM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer