GLDM vs. VST
GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM, while VST (Vistra Corp.) is a stock. Over the past 5 years, GLDM returned 17.41%/yr vs 54.40%/yr for VST. At a 0.07 correlation, their price movements are largely independent.
Performance
GLDM vs. VST - Performance Comparison
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Returns By Period
In the year-to-date period, GLDM achieves a -2.40% return, which is significantly higher than VST's -8.13% return.
GLDM
- 1D
- 0.11%
- 1M
- -7.40%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
VST
- 1D
- 1.12%
- 1M
- 5.97%
- YTD
- -8.13%
- 6M
- -12.74%
- 1Y
- -14.37%
- 3Y*
- 83.39%
- 5Y*
- 54.40%
- 10Y*
- —
GLDM vs. VST - 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% |
VST Vistra Corp. | -8.13% | 17.66% | 261.52% | 70.73% | 5.08% | 19.57% | -11.87% | 2.46% | -1.89% |
Correlation
The correlation between GLDM and VST is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.07 |
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Return for Risk
GLDM vs. VST — Risk / Return Rank
GLDM
VST
GLDM vs. VST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Vistra Corp. (VST). 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 | VST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.99 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.38 | +1.38 |
| Martin ratioReturn relative to average drawdown | 2.87 | -0.70 | +3.57 |
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Drawdowns
GLDM vs. VST - Drawdown Comparison
The maximum GLDM drawdown since its inception was -24.35%, smaller than the maximum VST drawdown of -53.32%. Use the drawdown chart below to compare losses from any high point for GLDM and VST.
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Drawdown Indicators
| GLDM | VST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -53.32% | +28.97% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | -38.01% | +13.66% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -48.80% | +24.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -48.80% | +24.45% |
Current DrawdownCurrent decline from peak | -21.96% | -31.89% | +9.93% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -13.72% | +7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 20.73% | -12.29% |
Volatility
GLDM vs. VST - Volatility Comparison
The current volatility for SPDR Gold MiniShares Trust (GLDM) is 7.73%, while Vistra Corp. (VST) has a volatility of 15.14%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than VST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | VST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 15.14% | -7.41% |
Volatility (6M)Calculated over the trailing 6-month period | 23.93% | 37.96% | -14.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 48.75% | -21.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 47.97% | -29.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 42.22% | -25.24% |
Dividends
GLDM vs. VST - Dividend Comparison
GLDM has not paid dividends to shareholders, while VST's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VST Vistra Corp. | 0.61% | 0.56% | 0.63% | 2.13% | 3.12% | 2.64% | 2.75% | 2.17% | 0.00% | 0.00% | 14.97% |
Frequently Asked Questions
GLDM and VST have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VST has higher volatility (15.14%) compared to GLDM (7.73%). In terms of maximum drawdown, GLDM dropped -24.35% vs VST's -53.32%.
GLDM currently has the higher Sharpe Ratio (0.90 vs -0.30), 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.
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