GLDM vs. USD=X
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while USD=X (USD Cash) is a currency. Over the past 5 years, GLDM returned 17.41%/yr vs 0.00%/yr for USD=X.
Performance
GLDM vs. USD=X - Performance Comparison
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Returns By Period
GLDM
- 1D
- 0.11%
- 1M
- -10.20%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 24.17%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
GLDM vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
GLDM vs. USD=X — Risk / Return Rank
GLDM
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDM vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and USD Cash (USD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLDM | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | — | — |
| Martin ratioReturn relative to average drawdown | 2.87 | — | — |
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Drawdowns
GLDM vs. USD=X - Drawdown Comparison
The maximum GLDM drawdown since its inception was -24.35%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GLDM and USD=X.
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Drawdown Indicators
| GLDM | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | 0.00% | -24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | 0.00% | -24.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | 0.00% | -24.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | 0.00% | -24.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | -21.96% | 0.00% | -21.96% |
Average DrawdownAverage peak-to-trough decline | -6.27% | 0.00% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 0.00% | +8.44% |
Volatility
GLDM vs. USD=X - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 7.73% compared to USD Cash (USD=X) at 0.00%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 0.00% | +7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 23.93% | 0.00% | +23.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 0.00% | +27.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 0.00% | +18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 0.00% | +16.98% |
Frequently Asked Questions
GLDM has higher volatility (7.73%) compared to USD=X (0.00%). In terms of maximum drawdown, GLDM dropped -24.35% vs USD=X's 0.00%.
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