GLDM vs. VGT
GLDM (SPDR Gold MiniShares Trust) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - GLDM is a Gold fund tracking the LBMA Gold Price PM, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 5 years, GLDM returned 18.64%/yr vs 21.17%/yr for VGT. At a 0.07 correlation, their price movements are largely independent. GLDM charges 0.10%/yr vs 0.09%/yr for VGT.
Performance
GLDM vs. VGT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLDM achieves a 0.16% return, which is significantly lower than VGT's 28.27% return.
GLDM
- 1D
- 2.63%
- 1M
- -4.97%
- YTD
- 0.16%
- 6M
- 0.35%
- 1Y
- 25.81%
- 3Y*
- 30.14%
- 5Y*
- 18.64%
- 10Y*
- —
VGT
- 1D
- 3.42%
- 1M
- 6.55%
- YTD
- 28.27%
- 6M
- 29.82%
- 1Y
- 55.62%
- 3Y*
- 30.76%
- 5Y*
- 21.17%
- 10Y*
- 25.72%
GLDM vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.16% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
VGT Vanguard Information Technology ETF | 28.27% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | -7.24% |
Correlation
The correlation between GLDM and VGT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.07 |
The correlation between GLDM and VGT shifts across timeframes, from 0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLDM vs. VGT — Risk / Return Rank
GLDM
VGT
GLDM vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.41 | -2.34 |
| Martin ratioReturn relative to average drawdown | 3.04 | 10.55 | -7.51 |
Loading charts...
Drawdowns
GLDM vs. VGT - Drawdown Comparison
The maximum GLDM drawdown since its inception was -24.35%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for GLDM and VGT.
Loading charts...
Drawdown Indicators
| GLDM | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -54.63% | +30.28% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | -16.40% | -7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -27.23% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -35.07% | +10.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -19.91% | -4.01% | -15.90% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -7.95% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.54% | 5.29% | +3.25% |
Volatility
GLDM vs. VGT - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 8.33%, while Vanguard Information Technology ETF (VGT) has a volatility of 10.42%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLDM | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 10.42% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 24.05% | 18.28% | +5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.27% | 22.20% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 25.45% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 24.75% | -7.75% |
GLDM vs. VGT - Expense Ratio Comparison
GLDM has a 0.10% expense ratio, which is higher than VGT's 0.09% 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%.
Dividends
GLDM vs. VGT - Dividend Comparison
GLDM has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.32%.
| Position | 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% |
VGT Vanguard Information Technology ETF | 0.32% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
GLDM and VGT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGT has higher volatility (10.42%) compared to GLDM (8.33%). In terms of maximum drawdown, GLDM dropped -24.35% vs VGT's -54.63%.
On 5-year performance, VGT leads with 21.17% vs 18.64% for GLDM. On fees, VGT is cheaper at 0.09% per year. On volatility, GLDM has been the lower-risk option at 8.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VGT has performed better with a 21.17% return vs 18.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 0.10% for GLDM.
VGT has the higher dividend yield at 0.32%, compared with 0.00% for GLDM.
GLDM is categorized as Gold, while VGT is Technology Equities. GLDM tracks LBMA Gold Price PM, while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.10% for GLDM and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (2.52 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GLDM and VGT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer