GLDM vs. VGPMX
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and Vanguard Global Capital Cycles Fund (VGPMX).
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. VGPMX is managed by Vanguard. It was launched on May 23, 1984.
Performance
GLDM vs. VGPMX - Performance Comparison
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GLDM vs. VGPMX - 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% |
VGPMX Vanguard Global Capital Cycles Fund | 4.53% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -25.18% |
Returns By Period
In the year-to-date period, GLDM achieves a 8.57% return, which is significantly higher than VGPMX's 4.53% return.
GLDM
- 1D
- 3.77%
- 1M
- -10.99%
- YTD
- 8.57%
- 6M
- 21.24%
- 1Y
- 49.77%
- 3Y*
- 33.33%
- 5Y*
- 21.91%
- 10Y*
- —
VGPMX
- 1D
- -0.02%
- 1M
- -10.69%
- YTD
- 4.53%
- 6M
- 17.55%
- 1Y
- 57.21%
- 3Y*
- 24.25%
- 5Y*
- 19.13%
- 10Y*
- 12.39%
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GLDM vs. VGPMX - Expense Ratio Comparison
GLDM has a 0.10% expense ratio, which is lower than VGPMX's 0.36% expense ratio.
Return for Risk
GLDM vs. VGPMX — Risk / Return Rank
GLDM
VGPMX
GLDM vs. VGPMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Vanguard Global Capital Cycles Fund (VGPMX). 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 | VGPMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 2.94 | -1.13 |
Sortino ratioReturn per unit of downside risk | 2.25 | 3.51 | -1.26 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.56 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 4.24 | -1.53 |
Martin ratioReturn relative to average drawdown | 10.04 | 17.59 | -7.55 |
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 | VGPMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 2.94 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.12 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.25 | +0.84 |
Correlation
The correlation between GLDM and VGPMX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLDM vs. VGPMX - Dividend Comparison
GLDM has not paid dividends to shareholders, while VGPMX's dividend yield for the trailing twelve months is around 3.73%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGPMX Vanguard Global Capital Cycles Fund | 3.73% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
Drawdowns
GLDM vs. VGPMX - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for GLDM and VGPMX.
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Drawdown Indicators
| GLDM | VGPMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -78.85% | +57.22% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -12.80% | -6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -22.71% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.59% | — |
Current DrawdownCurrent decline from peak | -13.19% | -10.73% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -34.69% | +28.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 3.09% | +2.07% |
Volatility
GLDM vs. VGPMX - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 11.01% compared to Vanguard Global Capital Cycles Fund (VGPMX) at 7.56%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | VGPMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 7.56% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 13.14% | +10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 19.28% | +8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 17.15% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 21.65% | -4.88% |