DFAU vs. GLDM
Compare and contrast key facts about Dimensional US Core Equity Market ETF (DFAU) and SPDR Gold MiniShares Trust (GLDM).
DFAU and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAU is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Nov 17, 2020. 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: DFAU or GLDM.
Key characteristics
| DFAU | GLDM | |
|---|---|---|
| YTD Return | 26.47% | 27.01% |
| 1Y Return | 38.26% | 35.31% |
| 3Y Return (Ann) | 9.82% | 11.97% |
| Sharpe Ratio | 3.21 | 2.31 |
| Sortino Ratio | 4.27 | 3.05 |
| Omega Ratio | 1.60 | 1.40 |
| Calmar Ratio | 4.73 | 5.08 |
| Martin Ratio | 20.62 | 15.25 |
| Ulcer Index | 1.96% | 2.22% |
| Daily Std Dev | 12.53% | 14.62% |
| Max Drawdown | -23.61% | -21.63% |
| Current Drawdown | 0.00% | -5.92% |
Correlation
The correlation between DFAU 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
DFAU vs. GLDM - Performance Comparison
The year-to-date returns for both investments are quite close, with DFAU having a 26.47% return and GLDM slightly higher at 27.01%. 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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DFAU vs. GLDM - Expense Ratio Comparison
DFAU has a 0.12% expense ratio, which is lower than GLDM's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFAU vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Core Equity Market ETF (DFAU) 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
DFAU vs. GLDM - Dividend Comparison
DFAU's dividend yield for the trailing twelve months is around 1.01%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
DFAU Dimensional US Core Equity Market ETF | 1.01% | 1.29% | 1.40% | 1.00% | 0.13% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFAU vs. GLDM - Drawdown Comparison
The maximum DFAU drawdown since its inception was -23.61%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for DFAU and GLDM. For additional features, visit the drawdowns tool.
Volatility
DFAU vs. GLDM - Volatility Comparison
The current volatility for Dimensional US Core Equity Market ETF (DFAU) is 4.14%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.34%. This indicates that DFAU 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.