DIVI vs. GLDM
DIVI (Franklin International Core Dividend Tilt Index ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - DIVI is a Foreign Large Cap Equities fund actively managed by Franklin Templeton, while GLDM is a Gold fund tracking the LBMA Gold Price PM. DIVI is actively managed, while GLDM is passively managed. Over the past 5 years, DIVI returned 13.55%/yr vs 17.41%/yr for GLDM. At a 0.17 correlation, their price movements are largely independent. DIVI charges 0.09%/yr vs 0.10%/yr for GLDM.
Performance
DIVI vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, DIVI achieves a 11.97% return, which is significantly higher than GLDM's -2.40% return.
DIVI
- 1D
- 0.58%
- 1M
- 3.26%
- YTD
- 11.97%
- 6M
- 13.43%
- 1Y
- 27.25%
- 3Y*
- 18.03%
- 5Y*
- 13.55%
- 10Y*
- 11.78%
GLDM
- 1D
- 0.11%
- 1M
- -7.40%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
DIVI vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DIVI Franklin International Core Dividend Tilt Index ETF | 11.97% | 34.86% | 1.77% | 18.97% | -1.21% | 16.95% | 1.29% | 22.98% | -5.68% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between DIVI and GLDM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.17 |
The correlation between DIVI and GLDM shifts across timeframes, from 0.17 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DIVI vs. GLDM — Risk / Return Rank
DIVI
GLDM
DIVI vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) 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.
| DIVI | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.00 | +1.44 |
| Martin ratioReturn relative to average drawdown | 9.36 | 2.87 | +6.49 |
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Drawdowns
DIVI vs. GLDM - Drawdown Comparison
The maximum DIVI drawdown since its inception was -27.76%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for DIVI and GLDM.
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Drawdown Indicators
| DIVI | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.76% | -24.35% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.54% | -24.35% | +13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | -24.35% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -24.35% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -27.76% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -21.96% | +21.91% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -6.27% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 8.44% | -5.69% |
Volatility
DIVI vs. GLDM - Volatility Comparison
The current volatility for Franklin International Core Dividend Tilt Index ETF (DIVI) is 5.63%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.73%. This indicates that DIVI 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.
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Volatility by Period
| DIVI | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 7.73% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 23.93% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.39% | 27.15% | -11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 18.13% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 16.98% | -0.49% |
DIVI vs. GLDM - Expense Ratio Comparison
DIVI has a 0.09% expense ratio, which is lower than GLDM's 0.10% 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%.
Dividends
DIVI vs. GLDM - Dividend Comparison
DIVI's dividend yield for the trailing twelve months is around 3.50%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVI Franklin International Core Dividend Tilt Index ETF | 3.50% | 3.76% | 4.39% | 3.17% | 6.03% | 2.77% | 8.04% | 1.61% | 5.67% | 5.22% | 11.56% |
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% |
Frequently Asked Questions
DIVI and GLDM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (7.73%) compared to DIVI (5.63%). In terms of maximum drawdown, DIVI dropped -27.76% vs GLDM's -24.35%.
On 5-year performance, GLDM leads with 17.41% vs 13.55% for DIVI. On fees, DIVI is cheaper at 0.09% per year. On volatility, DIVI has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDM has performed better with a 17.41% return vs 13.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVI is cheaper with a 0.09% expense ratio, compared with 0.10% for GLDM.
DIVI has the higher dividend yield at 3.50%, compared with 0.00% for GLDM.
DIVI is categorized as Foreign Large Cap Equities, while GLDM is Gold. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.09% for DIVI and 0.10% for GLDM.
DIVI currently has the higher Sharpe Ratio (1.67 vs 0.90), 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.
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