GLDM vs. SGOL
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and Aberdeen Standard Physical Gold Shares ETF (SGOL).
GLDM and SGOL 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. SGOL is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Sep 9, 2009. Both GLDM and SGOL 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 SGOL.
Performance
GLDM vs. SGOL - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with GLDM having a 28.31% return and SGOL slightly lower at 28.12%.
GLDM
28.31%
-2.62%
11.30%
32.38%
12.51%
N/A
SGOL
28.12%
-2.66%
11.26%
32.27%
12.47%
7.97%
Key characteristics
| GLDM | SGOL | |
|---|---|---|
| Sharpe Ratio | 2.30 | 2.28 |
| Sortino Ratio | 3.05 | 3.03 |
| Omega Ratio | 1.40 | 1.40 |
| Calmar Ratio | 4.18 | 4.15 |
| Martin Ratio | 13.57 | 13.49 |
| Ulcer Index | 2.49% | 2.50% |
| Daily Std Dev | 14.74% | 14.79% |
| Max Drawdown | -21.63% | -45.51% |
| Current Drawdown | -4.96% | -5.00% |
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GLDM vs. SGOL - Expense Ratio Comparison
GLDM has a 0.18% expense ratio, which is higher than SGOL's 0.17% 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%.
Correlation
The correlation between GLDM and SGOL is 0.99, 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.
Risk-Adjusted Performance
GLDM vs. SGOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Aberdeen Standard Physical Gold Shares ETF (SGOL). 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. SGOL - Dividend Comparison
Neither GLDM nor SGOL has paid dividends to shareholders.
Drawdowns
GLDM vs. SGOL - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum SGOL drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for GLDM and SGOL. For additional features, visit the drawdowns tool.
Volatility
GLDM vs. SGOL - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) and Aberdeen Standard Physical Gold Shares ETF (SGOL) have volatilities of 5.63% and 5.61%, 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.