GLDM vs. GDXJ
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GLDM and GDXJ 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. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. Both GLDM and GDXJ 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 GDXJ.
Key characteristics
| GLDM | GDXJ | |
|---|---|---|
| YTD Return | 13.18% | 12.56% |
| 1Y Return | 17.24% | 8.13% |
| 3Y Return (Ann) | 9.62% | -2.48% |
| 5Y Return (Ann) | 12.73% | 9.31% |
| Sharpe Ratio | 1.42 | 0.22 |
| Daily Std Dev | 12.23% | 33.50% |
| Max Drawdown | -21.63% | -88.66% |
| Current Drawdown | -2.30% | -68.46% |
Correlation
The correlation between GLDM and GDXJ is 0.76, 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.
Performance
GLDM vs. GDXJ - Performance Comparison
The year-to-date returns for both stocks are quite close, with GLDM having a 13.18% return and GDXJ slightly lower at 12.56%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLDM vs. GDXJ - Expense Ratio Comparison
GLDM has a 0.18% expense ratio, which is lower than GDXJ's 0.54% expense ratio.
Risk-Adjusted Performance
GLDM vs. GDXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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. GDXJ - Dividend Comparison
GLDM has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.64% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% |
Drawdowns
GLDM vs. GDXJ - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for GLDM and GDXJ. For additional features, visit the drawdowns tool.
Volatility
GLDM vs. GDXJ - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 4.98%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 9.44%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.