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GLDM vs. IAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GLDM and IAU is 1.00, 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.


-0.50.00.51.01.0

Performance

GLDM vs. IAU - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
12.95%
12.78%
GLDM
IAU

Key characteristics

Sharpe Ratio

GLDM:

1.96

IAU:

1.93

Sortino Ratio

GLDM:

2.58

IAU:

2.55

Omega Ratio

GLDM:

1.34

IAU:

1.34

Calmar Ratio

GLDM:

3.60

IAU:

3.55

Martin Ratio

GLDM:

10.29

IAU:

10.15

Ulcer Index

GLDM:

2.83%

IAU:

2.85%

Daily Std Dev

GLDM:

14.88%

IAU:

14.97%

Max Drawdown

GLDM:

-21.63%

IAU:

-45.14%

Current Drawdown

GLDM:

-5.88%

IAU:

-5.98%

Returns By Period

The year-to-date returns for both stocks are quite close, with GLDM having a 27.06% return and IAU slightly lower at 26.83%.


GLDM

YTD

27.06%

1M

-0.97%

6M

12.95%

1Y

28.19%

5Y*

12.04%

10Y*

N/A

IAU

YTD

26.83%

1M

-1.06%

6M

12.78%

1Y

27.97%

5Y*

11.90%

10Y*

8.12%

Compare stocks, funds, or ETFs

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


GLDM vs. IAU - Expense Ratio Comparison

GLDM has a 0.18% expense ratio, which is lower than IAU's 0.25% 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%.


IAU
iShares Gold Trust
Expense ratio chart for IAU: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for GLDM: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

GLDM vs. IAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and iShares Gold Trust (IAU). 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.


Sharpe ratio
The chart of Sharpe ratio for GLDM, currently valued at 1.96, compared to the broader market0.002.004.001.961.93
The chart of Sortino ratio for GLDM, currently valued at 2.58, compared to the broader market-2.000.002.004.006.008.0010.002.582.55
The chart of Omega ratio for GLDM, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.341.34
The chart of Calmar ratio for GLDM, currently valued at 3.60, compared to the broader market0.005.0010.0015.003.603.55
The chart of Martin ratio for GLDM, currently valued at 10.29, compared to the broader market0.0020.0040.0060.0080.00100.0010.2910.15
GLDM
IAU

The current GLDM Sharpe Ratio is 1.96, which is comparable to the IAU Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of GLDM and IAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.96
1.93
GLDM
IAU

Dividends

GLDM vs. IAU - Dividend Comparison

Neither GLDM nor IAU has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

GLDM vs. IAU - Drawdown Comparison

The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for GLDM and IAU. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.88%
-5.98%
GLDM
IAU

Volatility

GLDM vs. IAU - Volatility Comparison

SPDR Gold MiniShares Trust (GLDM) and iShares Gold Trust (IAU) have volatilities of 5.16% and 5.17%, 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.


3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.16%
5.17%
GLDM
IAU
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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