GLDM vs. GLTR
GLDM (SPDR Gold MiniShares Trust) and GLTR (Aberdeen Standard Physical Precious Metals Basket Shares ETF) are both exchange-traded funds - GLDM is a Gold fund tracking the LBMA Gold Price PM, while GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index. Both are passively managed. Over the past 5 years, GLDM returned 17.81%/yr vs 14.28%/yr for GLTR. Their correlation of 0.90 suggests significant overlap in exposure. GLDM charges 0.10%/yr vs 0.60%/yr for GLTR.
Performance
GLDM vs. GLTR - Performance Comparison
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Returns By Period
In the year-to-date period, GLDM achieves a 0.06% return, which is significantly higher than GLTR's -3.03% return.
GLDM
- 1D
- -3.67%
- 1M
- -8.00%
- YTD
- 0.06%
- 6M
- 2.68%
- 1Y
- 28.49%
- 3Y*
- 29.91%
- 5Y*
- 17.81%
- 10Y*
- —
GLTR
- 1D
- -5.31%
- 1M
- -10.10%
- YTD
- -3.03%
- 6M
- 6.07%
- 1Y
- 44.60%
- 3Y*
- 30.23%
- 5Y*
- 14.28%
- 10Y*
- 12.63%
GLDM vs. GLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.06% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF | -3.03% | 87.25% | 20.63% | 2.01% | -0.25% | -9.60% | 29.52% | 20.96% | 1.84% |
Correlation
The correlation between GLDM and GLTR is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.90 |
The correlation between GLDM and GLTR has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
GLDM vs. GLTR — Risk / Return Rank
GLDM
GLTR
GLDM vs. GLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). 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.
| GLDM | GLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.49 | -0.06 |
| Martin ratioReturn relative to average drawdown | 3.63 | 3.41 | +0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDM | GLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.18 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.60 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.31 | +0.68 |
Drawdowns
GLDM vs. GLTR - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum GLTR drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for GLDM and GLTR.
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Drawdown Indicators
| GLDM | GLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -55.70% | +34.07% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -30.10% | +10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -30.10% | +10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -30.10% | +9.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.10% | — |
Current DrawdownCurrent decline from peak | -20.00% | -30.10% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -28.83% | +22.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.86% | 13.12% | -5.26% |
Volatility
GLDM vs. GLTR - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 5.65%, while Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) has a volatility of 9.56%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | GLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 9.56% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 23.31% | 35.85% | -12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.65% | 37.97% | -11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 23.74% | -5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 20.57% | -3.67% |
GLDM vs. GLTR - Expense Ratio Comparison
GLDM has a 0.10% expense ratio, which is lower than GLTR's 0.60% expense ratio.
Dividends
GLDM vs. GLTR - Dividend Comparison
Neither GLDM nor GLTR has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, GLDM and GLTR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GLTR has higher volatility (9.56%) compared to GLDM (5.65%). In terms of maximum drawdown, GLDM dropped -21.63% vs GLTR's -55.70%.
On 5-year performance, GLDM leads with 17.81% vs 14.28% for GLTR. On fees, GLDM is cheaper at 0.10% per year. On volatility, GLDM has been the lower-risk option at 5.65%. 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 17.81% return vs 14.28%. 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 0.60% for GLTR.
GLDM and GLTR have nearly identical dividend yields, around 0.00%.
GLDM is categorized as Gold, while GLTR is Precious Metals. GLDM tracks LBMA Gold Price PM, while GLTR tracks ETFS Physical Precious Metals Basket Index. They also come from different issuers: State Street and Aberdeen. Their fees differ too: 0.10% for GLDM and 0.60% for GLTR.
GLTR currently has the higher Sharpe Ratio (1.18 vs 1.07), 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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