GLDM vs. EVSD

Last updated Jun 14, 2026

GLDM (SPDR Gold MiniShares Trust) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - GLDM is a Gold fund tracking the LBMA Gold Price PM, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. GLDM is passively managed, while EVSD is actively managed. Over the past year, GLDM returned 22.58% vs 4.77% for EVSD. At a 0.21 correlation, their price movements are largely independent. GLDM charges 0.10%/yr vs 0.24%/yr for EVSD.

Performance

GLDM vs. EVSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold MiniShares Trust (GLDM) and Eaton Vance Short Duration Income ETF (EVSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDM achieves a -2.40% return, which is significantly lower than EVSD's 0.91% return.

GLDM

• 1D: 0.11%
• 1M: -9.52%
• YTD: -2.40%
• 6M: -2.09%
• 1Y: 22.58%
• 3Y*: 29.27%
• 5Y*: 17.41%
• 10Y*: —

EVSD

• 1D: -0.03%
• 1M: 0.36%
• YTD: 0.91%
• 6M: 1.33%
• 1Y: 4.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDM vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLDM SPDR Gold MiniShares Trust	-2.40%	64.20%	12.44%
EVSD Eaton Vance Short Duration Income ETF	0.91%	6.80%	3.86%

Correlation

The correlation between GLDM and EVSD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024	0.21

Return for Risk

GLDM vs. EVSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDM

GLDM Risk / Return Rank: 27
GLDM Sharpe Ratio Rank: 28
GLDM Sortino Ratio Rank: 25
GLDM Omega Ratio Rank: 31
GLDM Calmar Ratio Rank: 24
GLDM Martin Ratio Rank: 25

EVSD

EVSD Risk / Return Rank: 90
EVSD Sharpe Ratio Rank: 94
EVSD Sortino Ratio Rank: 95
EVSD Omega Ratio Rank: 95
EVSD Calmar Ratio Rank: 80
EVSD Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDM vs. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Eaton Vance Short Duration Income ETF (EVSD). 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.

	GLDM	EVSD	Difference
Sharpe ratio: Return per unit of total volatility	0.90	3.05	-2.16
Sortino ratio: Return per unit of downside risk	1.26	4.88	-3.62
Omega ratio: Gain probability vs. loss probability	1.19	1.65	-0.46
Calmar ratio: Return relative to maximum drawdown	1.00	3.72	-2.73
Martin ratio: Return relative to average drawdown	2.87	15.56	-12.69

GLDM vs. EVSD - Sharpe Ratio Comparison

The current GLDM Sharpe Ratio is 0.90, which is lower than the EVSD Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of GLDM and EVSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLDM vs. EVSD - Drawdown Comparison

The maximum GLDM drawdown since its inception was -24.35%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for GLDM and EVSD.

Drawdown Indicators

	GLDM	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-24.35%	-1.26%	-23.09%
Max Drawdown (1Y) Largest decline over 1 year	-24.35%	-1.26%	-23.09%
Max Drawdown (3Y) Largest decline over 3 years	-24.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.35%	—	—
Current Drawdown Current decline from peak	-21.96%	-0.04%	-21.92%
Average Drawdown Average peak-to-trough decline	-6.27%	-0.19%	-6.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.44%	0.30%	+8.14%

Volatility

GLDM vs. EVSD - Volatility Comparison

SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 7.73% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.55%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than EVSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDM	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	0.55%	+7.18%
Volatility (6M) Calculated over the trailing 6-month period	23.93%	1.18%	+22.75%
Volatility (1Y) Calculated over the trailing 1-year period	27.15%	1.54%	+25.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.13%	1.94%	+16.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	1.94%	+15.04%

GLDM vs. EVSD - Expense Ratio Comparison

GLDM has a 0.10% expense ratio, which is lower than EVSD's 0.24% 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

GLDM vs. EVSD - Dividend Comparison

GLDM has not paid dividends to shareholders, while EVSD's dividend yield for the trailing twelve months is around 4.61%.

Position	TTM	2025	2024
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLDM and EVSD in my portfolio?

GLDM and EVSD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLDM or EVSD?

GLDM has higher volatility (7.73%) compared to EVSD (0.55%). In terms of maximum drawdown, GLDM dropped -24.35% vs EVSD's -1.26%.

Which ETF is better, GLDM or EVSD?

On 1-year performance, GLDM leads with 22.58% vs 4.77% for EVSD. On fees, GLDM is cheaper at 0.10% per year. On volatility, EVSD has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLDM or EVSD?

Over the 1-year period, GLDM has performed better with a 22.58% return vs 4.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLDM or EVSD?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.24% for EVSD.

Which ETF pays a higher dividend yield, GLDM or EVSD?

EVSD has the higher dividend yield at 4.61%, compared with 0.00% for GLDM.

What is the main difference between GLDM and EVSD?

GLDM is categorized as Gold, while EVSD is Short-Term Bond. They also come from different issuers: State Street and Eaton Vance. Their fees differ too: 0.10% for GLDM and 0.24% for EVSD.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (3.05 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.