GLDM vs. SLVR
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and Sprott Silver Miners & Physical Silver ETF (SLVR).
GLDM and SLVR 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. SLVR is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Silver Miners™ Index. It was launched on Jan 14, 2025. Both GLDM and SLVR 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. SLVR - Performance Comparison
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GLDM vs. SLVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDM SPDR Gold MiniShares Trust | 8.57% | 59.78% |
SLVR Sprott Silver Miners & Physical Silver ETF | 6.06% | 170.44% |
Returns By Period
In the year-to-date period, GLDM achieves a 8.57% return, which is significantly higher than SLVR's 6.06% return.
GLDM
- 1D
- 3.77%
- 1M
- -10.99%
- YTD
- 8.57%
- 6M
- 21.24%
- 1Y
- 49.77%
- 3Y*
- 33.33%
- 5Y*
- 21.91%
- 10Y*
- —
SLVR
- 1D
- 8.91%
- 1M
- -29.01%
- YTD
- 6.06%
- 6M
- 38.57%
- 1Y
- 156.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GLDM vs. SLVR - Expense Ratio Comparison
GLDM has a 0.10% expense ratio, which is lower than SLVR's 0.65% expense ratio.
Return for Risk
GLDM vs. SLVR — Risk / Return Rank
GLDM
SLVR
GLDM vs. SLVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Sprott Silver Miners & Physical Silver ETF (SLVR). 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 | SLVR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 2.57 | -0.76 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.67 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 4.00 | -1.29 |
Martin ratioReturn relative to average drawdown | 10.04 | 13.77 | -3.72 |
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 | SLVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 2.57 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 2.42 | -1.33 |
Correlation
The correlation between GLDM and SLVR is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GLDM vs. SLVR - Dividend Comparison
GLDM has not paid dividends to shareholders, while SLVR's dividend yield for the trailing twelve months is around 3.47%.
| TTM | 2025 | |
|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% |
SLVR Sprott Silver Miners & Physical Silver ETF | 3.47% | 3.68% |
Drawdowns
GLDM vs. SLVR - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum SLVR drawdown of -38.60%. Use the drawdown chart below to compare losses from any high point for GLDM and SLVR.
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Drawdown Indicators
| GLDM | SLVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -38.60% | +16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -38.60% | +19.46% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | — | — |
Current DrawdownCurrent decline from peak | -13.19% | -29.01% | +15.82% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -6.83% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 11.21% | -6.05% |
Volatility
GLDM vs. SLVR - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 11.01%, while Sprott Silver Miners & Physical Silver ETF (SLVR) has a volatility of 23.19%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than SLVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | SLVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 23.19% | -12.18% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 53.62% | -29.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 61.25% | -33.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 58.32% | -40.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 58.32% | -41.55% |