GLDM vs. AAAU
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and Goldman Sachs Physical Gold ETF (AAAU).
GLDM and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both GLDM and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDM or AAAU.
Performance
GLDM vs. AAAU - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with GLDM having a 29.38% return and AAAU slightly lower at 29.27%.
GLDM
29.38%
-2.83%
14.52%
34.07%
12.69%
N/A
AAAU
29.27%
-2.87%
14.43%
33.92%
12.63%
N/A
Key characteristics
| GLDM | AAAU | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.27 |
| Sortino Ratio | 3.02 | 3.02 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 4.14 | 4.11 |
| Martin Ratio | 13.36 | 13.27 |
| Ulcer Index | 2.51% | 2.51% |
| Daily Std Dev | 14.73% | 14.71% |
| Max Drawdown | -21.63% | -21.63% |
| Current Drawdown | -4.16% | -4.21% |
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GLDM vs. AAAU - Expense Ratio Comparison
Both GLDM and AAAU have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between GLDM and AAAU is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GLDM vs. AAAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Goldman Sachs Physical Gold ETF (AAAU). 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
GLDM vs. AAAU - Dividend Comparison
Neither GLDM nor AAAU has paid dividends to shareholders.
Drawdowns
GLDM vs. AAAU - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, roughly equal to the maximum AAAU drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GLDM and AAAU. For additional features, visit the drawdowns tool.
Volatility
GLDM vs. AAAU - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 5.60% and 5.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.