GLDM vs. SGLN.L
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and iShares Physical Gold ETC (SGLN.L).
GLDM and SGLN.L 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. SGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. Both GLDM and SGLN.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLDM vs. SGLN.L - Performance Comparison
Loading graphics...
GLDM vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 8.57% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
SGLN.L iShares Physical Gold ETC | 7.34% | 65.25% | 26.06% | 12.89% | -0.12% | -3.46% | 23.28% | 19.23% | 1.49% |
Different Trading Currencies
GLDM is traded in USD, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDM achieves a 8.57% return, which is significantly higher than SGLN.L's 5.43% return.
GLDM
- 1D
- 3.77%
- 1M
- -10.99%
- YTD
- 8.57%
- 6M
- 21.24%
- 1Y
- 49.77%
- 3Y*
- 33.33%
- 5Y*
- 21.91%
- 10Y*
- —
SGLN.L
- 1D
- 0.00%
- 1M
- -13.24%
- YTD
- 5.43%
- 6M
- 18.30%
- 1Y
- 45.49%
- 3Y*
- 31.95%
- 5Y*
- 21.31%
- 10Y*
- 13.90%
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. SGLN.L - Expense Ratio Comparison
Return for Risk
GLDM vs. SGLN.L — Risk / Return Rank
GLDM
SGLN.L
GLDM vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and iShares Physical Gold ETC (SGLN.L). 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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.73 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.21 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.58 | +0.13 |
Martin ratioReturn relative to average drawdown | 10.04 | 9.91 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GLDM | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.73 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.24 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.47 | +0.62 |
Correlation
The correlation between GLDM and SGLN.L is 0.79, 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.
Dividends
GLDM vs. SGLN.L - Dividend Comparison
Neither GLDM nor SGLN.L has paid dividends to shareholders.
Drawdowns
GLDM vs. SGLN.L - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum SGLN.L drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for GLDM and SGLN.L.
Loading graphics...
Drawdown Indicators
| GLDM | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -41.71% | +20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -17.57% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -17.57% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -13.19% | -11.76% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -14.78% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 4.24% | +0.92% |
Volatility
GLDM vs. SGLN.L - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 11.01% compared to iShares Physical Gold ETC (SGLN.L) at 10.34%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GLDM | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 10.34% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 21.57% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 26.13% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 17.26% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 15.73% | +1.04% |