EUSA vs. GLDM
EUSA (iShares MSCI USA Equal Weighted ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, EUSA returned 8.22%/yr vs 18.94%/yr for GLDM. At a 0.09 correlation, their price movements are largely independent. EUSA charges 0.09%/yr vs 0.10%/yr for GLDM.
Performance
EUSA vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, EUSA achieves a 9.38% return, which is significantly higher than GLDM's -2.26% return.
EUSA
- 1D
- 0.47%
- 1M
- 4.24%
- YTD
- 9.38%
- 6M
- 9.41%
- 1Y
- 18.63%
- 3Y*
- 14.76%
- 5Y*
- 8.22%
- 10Y*
- 11.59%
GLDM
- 1D
- -0.41%
- 1M
- -5.93%
- YTD
- -2.26%
- 6M
- -2.73%
- 1Y
- 25.12%
- 3Y*
- 29.08%
- 5Y*
- 18.94%
- 10Y*
- —
EUSA vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUSA iShares MSCI USA Equal Weighted ETF | 9.38% | 10.24% | 14.64% | 17.72% | -17.13% | 25.60% | 15.03% | 30.56% | -11.01% |
GLDM SPDR Gold MiniShares Trust | -2.26% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between EUSA 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 (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.09 |
The correlation between EUSA and GLDM shifts across timeframes, from 0.09 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUSA vs. GLDM — Risk / Return Rank
EUSA
GLDM
EUSA vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) 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.
| EUSA | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.04 | +1.36 |
| Martin ratioReturn relative to average drawdown | 9.43 | 2.86 | +6.57 |
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Drawdowns
EUSA vs. GLDM - Drawdown Comparison
The maximum EUSA drawdown since its inception was -39.16%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for EUSA and GLDM.
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Drawdown Indicators
| EUSA | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -24.35% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -24.35% | +16.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.20% | -24.35% | +6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -24.35% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -21.85% | +20.62% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -6.30% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 8.81% | -6.83% |
Volatility
EUSA vs. GLDM - Volatility Comparison
The current volatility for iShares MSCI USA Equal Weighted ETF (EUSA) is 3.92%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 8.22%. This indicates that EUSA 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
| EUSA | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 8.22% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 24.16% | -15.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 27.28% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 18.13% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 17.01% | +1.35% |
EUSA vs. GLDM - Expense Ratio Comparison
EUSA 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
EUSA vs. GLDM - Dividend Comparison
EUSA's dividend yield for the trailing twelve months is around 1.48%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUSA iShares MSCI USA Equal Weighted ETF | 1.48% | 1.63% | 1.47% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% |
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% |
Frequently Asked Questions
EUSA 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.
GLDM has higher volatility (8.22%) compared to EUSA (3.92%). In terms of maximum drawdown, EUSA dropped -39.16% vs GLDM's -24.35%.
On 5-year performance, GLDM leads with 18.94% vs 8.22% for EUSA. On fees, EUSA is cheaper at 0.09% per year. On volatility, EUSA has been the lower-risk option at 3.92%. 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 18.94% return vs 8.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSA is cheaper with a 0.09% expense ratio, compared with 0.10% for GLDM.
EUSA has the higher dividend yield at 1.48%, compared with 0.00% for GLDM.
EUSA is categorized as Mid Cap Blend Equities, while GLDM is Gold. EUSA tracks MSCI USA Equal Weighted Index, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for EUSA and 0.10% for GLDM.
EUSA currently has the higher Sharpe Ratio (1.55 vs 0.92), 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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