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GLDM vs. FUTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GLDM vs. FUTY

Last updated Jun 13, 2026

GLDM (SPDR Gold MiniShares Trust) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - GLDM is a Gold fund tracking the LBMA Gold Price PM, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. Both are passively managed. Over the past 5 years, GLDM returned 17.41%/yr vs 9.19%/yr for FUTY. At a 0.16 correlation, their price movements are largely independent. GLDM charges 0.10%/yr vs 0.08%/yr for FUTY.

Performance

GLDM vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold MiniShares Trust (GLDM) and Fidelity MSCI Utilities Index ETF (FUTY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GLDM achieves a -2.40% return, which is significantly lower than FUTY's 4.88% return.

GLDM

1D
0.11%
1M
-10.20%
YTD
-2.40%
6M
-2.09%
1Y
24.17%
3Y*
29.27%
5Y*
17.41%
10Y*
—

FUTY

1D
1.14%
1M
-0.35%
YTD
4.88%
6M
5.07%
1Y
11.80%
3Y*
13.69%
5Y*
9.19%
10Y*
9.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDM vs. FUTY - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GLDM
SPDR Gold MiniShares Trust		-2.40%64.20%27.08%13.04%-0.47%-4.01%25.10%18.10%1.75%
FUTY
Fidelity MSCI Utilities Index ETF		4.88%16.40%23.20%-7.46%1.12%17.53%-0.80%24.89%3.94%

Correlation

The correlation between GLDM and FUTY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2018

0.16

GLDM vs. FUTY - Sectors Allocation Comparison

Sectors
GLDM
FUTY

Basic Materials

100.0%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

0.5%

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.2%

Real Estate

-

-

Technology

-

-

Utilities

-

99.2%

Basic Materials

GLDM
100.0%
FUTY

-

Communication Services

GLDM

-

FUTY

-

Consumer Cyclical

GLDM

-

FUTY

-

Consumer Defensive

GLDM

-

FUTY

-

Energy

GLDM

-

FUTY
0.5%

Financial Services

GLDM

-

FUTY

-

Healthcare

GLDM

-

FUTY

-

Industrials

GLDM

-

FUTY
0.2%

Real Estate

GLDM

-

FUTY

-

Technology

GLDM

-

FUTY

-

Utilities

GLDM

-

FUTY
99.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Gold MiniShares Trust

Fidelity MSCI Utilities Index ETF

Often compared with GLDM:
GLDM vs. GLDGLDM vs. IAUGLDM vs. IAUMGLDM vs. GDXGLDM vs. SGOLGLDM vs. VOOGLDM vs. SPY
Often compared with FUTY:
FUTY vs. VPUFUTY vs. XLUFUTY vs. FSUTXFUTY vs. UTESFUTY vs. FMATFUTY vs. VOOFUTY vs. SPLV

Return for Risk

GLDM vs. FUTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLDM
GLDM Risk / Return Rank: 2727
Overall Rank
GLDM Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
GLDM Sortino Ratio Rank: 2525
Sortino Ratio Rank
GLDM Omega Ratio Rank: 3131
Omega Ratio Rank
GLDM Calmar Ratio Rank: 2424
Calmar Ratio Rank
GLDM Martin Ratio Rank: 2525
Martin Ratio Rank
FUTY
FUTY Risk / Return Rank: 2626
Overall Rank
FUTY Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FUTY Sortino Ratio Rank: 2424
Sortino Ratio Rank
FUTY Omega Ratio Rank: 2424
Omega Ratio Rank
FUTY Calmar Ratio Rank: 3030
Calmar Ratio Rank
FUTY Martin Ratio Rank: 2424
Martin Ratio Rank
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. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Fidelity MSCI Utilities Index ETF (FUTY). 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.

GLDMFUTYDifference
Sharpe ratioReturn per unit of total volatility
0.90
0.82

+0.07

Sortino ratioReturn per unit of downside risk
1.26
1.19

+0.07

Omega ratioGain probability vs. loss probability

1.19

1.15

+0.04

Calmar ratioReturn relative to maximum drawdown

1.00

1.33

-0.33

Martin ratioReturn relative to average drawdown

2.87

2.88

-0.01

GLDM vs. FUTY - Sharpe Ratio Comparison

The current GLDM Sharpe Ratio is 0.90, which is comparable to the FUTY Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of GLDM and FUTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GLDM vs. FUTY - Drawdown Comparison

The maximum GLDM drawdown since its inception was -24.35%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for GLDM and FUTY.

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Drawdown Indicators

GLDMFUTYDifference

Max Drawdown

Largest peak-to-trough decline

-24.35%

-36.44%

+12.09%

Max Drawdown (1Y)

Largest decline over 1 year

-24.35%

-8.93%

-15.42%

Max Drawdown (3Y)

Largest decline over 3 years

-24.35%

-17.35%

-7.00%

Max Drawdown (5Y)

Largest decline over 5 years

-24.35%

-25.11%

+0.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.44%

—

Current Drawdown

Current decline from peak

-21.96%

-5.74%

-16.22%

Average Drawdown

Average peak-to-trough decline

-6.27%

-6.03%

-0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.44%

4.11%

+4.33%

Volatility

GLDM vs. FUTY - Volatility Comparison

SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 7.73% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.63%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GLDMFUTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.73%

5.63%

+2.10%

Volatility (6M)

Calculated over the trailing 6-month period

23.93%

11.54%

+12.39%

Volatility (1Y)

Calculated over the trailing 1-year period

27.15%

14.43%

+12.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.13%

17.10%

+1.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.98%

19.06%

-2.08%

GLDM vs. FUTY - Expense Ratio Comparison

GLDM has a 0.10% expense ratio, which is higher than FUTY's 0.08% expense ratio. However, 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. FUTY - Dividend Comparison

GLDM has not paid dividends to shareholders, while FUTY's dividend yield for the trailing twelve months is around 2.57%.

PositionTTM20252024202320222021202020192018201720162015
FUTY
Fidelity MSCI Utilities Index ETF		2.57%2.67%2.96%3.31%2.72%2.70%3.07%2.82%3.11%3.03%3.35%4.33%
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

GLDM and FUTY have a correlation of 0.17, 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 FUTY (5.63%). In terms of maximum drawdown, GLDM dropped -24.35% vs FUTY's -36.44%.

On 5-year performance, GLDM leads with 17.41% vs 9.19% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FUTY 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 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FUTY is cheaper with a 0.08% expense ratio, compared with 0.10% for GLDM.

FUTY has the higher dividend yield at 2.57%, compared with 0.00% for GLDM.

GLDM is categorized as Gold, while FUTY is Utilities Equities. GLDM tracks LBMA Gold Price PM, while FUTY tracks MSCI USA IMI Utilities Index. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.10% for GLDM and 0.08% for FUTY.

GLDM currently has the higher Sharpe Ratio (0.90 vs 0.82), 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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