FDVV vs. GLDM
FDVV (Fidelity High Dividend ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, FDVV returned 14.17%/yr vs 17.31%/yr for GLDM. Their 0.11 correlation means their historical movements had little consistent relationship. FDVV charges 0.29%/yr vs 0.10%/yr for GLDM.
Performance
FDVV vs. GLDM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDVV achieves a 12.19% return, which is significantly higher than GLDM's -6.13% return.
FDVV
- 1D
- -0.35%
- 1M
- 3.10%
- 6M
- 9.39%
- YTD
- 12.19%
- 1Y
- 20.46%
- 3Y*
- 18.35%
- 5Y*
- 14.17%
- 10Y*
- —
- ALL TIME*
- 13.71%
GLDM
- 1D
- -1.46%
- 1M
- 0.28%
- 6M
- -16.53%
- YTD
- -6.13%
- 1Y
- 23.01%
- 3Y*
- 27.59%
- 5Y*
- 17.31%
- 10Y*
- —
- ALL TIME*
- 15.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.25M | $48.28M | $45.73M | |
| $263.44M | $251.25M | $317.77M |
FDVV vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 12.19% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -4.81% |
GLDM SPDR Gold MiniShares Trust | -6.13% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between FDVV and GLDM is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.11 |
The correlation between FDVV and GLDM shifts across timeframes, from 0.11 (all time) to 0.31 (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
FDVV vs. GLDM — Risk / Return Rank
FDVV
GLDM
FDVV vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) 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.
| FDVV | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 0.88 | +1.33 |
| Martin ratioReturn relative to average drawdown | 9.10 | 1.90 | +7.20 |
Loading charts...
Drawdowns
FDVV vs. GLDM - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, which is greater than GLDM's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for FDVV and GLDM.
Loading charts...
Drawdown Indicators
| FDVV | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -26.27% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -26.27% | +16.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -26.27% | +10.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | -26.27% | +6.09% |
Current DrawdownCurrent decline from peak | -1.12% | -24.94% | +23.82% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -6.56% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 12.12% | -9.86% |
Volatility
FDVV vs. GLDM - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 3.04%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 6.35%. This indicates that FDVV 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
| FDVV | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 6.35% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 23.37% | -15.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 27.92% | -17.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.68% | 18.39% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 17.10% | -0.19% |
FDVV vs. GLDM - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
FDVV vs. GLDM - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.76%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.76% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% |
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
FDVV and GLDM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (6.35%) compared to FDVV (3.04%). In terms of maximum drawdown, FDVV dropped -40.25% vs GLDM's -26.27%.
On 5-year performance, GLDM leads with 17.31% vs 14.17% for FDVV. On fees, GLDM is cheaper at 0.10% per year. On volatility, FDVV has been the lower-risk option at 3.04%. 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 17.31% return vs 14.17%. 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 0.29% for FDVV.
FDVV has the higher dividend yield at 2.76%, compared with 0.00% for GLDM.
FDVV is categorized as Large Cap Blend Equities, while GLDM is Gold. FDVV tracks Fidelity Core Dividend Index, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.29% for FDVV and 0.10% for GLDM.
FDVV currently has the higher Sharpe Ratio (1.99 vs 0.83), 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 FDVV 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