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GLDM vs. VTI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GLDM vs. VTI

Last updated Jun 5, 2026

GLDM (SPDR Gold MiniShares Trust) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - GLDM is a Gold fund tracking the LBMA Gold Price PM, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 5 years, GLDM returned 18.69%/yr vs 12.80%/yr for VTI. At a 0.08 correlation, their price movements are largely independent. GLDM charges 0.10%/yr vs 0.03%/yr for VTI.

Performance

GLDM vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold MiniShares Trust (GLDM) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GLDM achieves a 3.87% return, which is significantly lower than VTI's 11.72% return.

GLDM

1D
0.84%
1M
-1.62%
YTD
3.87%
6M
6.41%
1Y
32.70%
3Y*
31.59%
5Y*
18.69%
10Y*
—

VTI

1D
0.47%
1M
4.59%
YTD
11.72%
6M
11.43%
1Y
28.79%
3Y*
22.37%
5Y*
12.80%
10Y*
15.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDM vs. VTI - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GLDM
SPDR Gold MiniShares Trust		3.87%64.20%27.08%13.04%-0.47%-4.01%25.10%18.10%1.84%
VTI
Vanguard Total Stock Market ETF		11.72%17.10%23.81%26.05%-19.52%25.68%21.08%30.67%-8.37%

Correlation

The correlation between GLDM and VTI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2018

0.08

The correlation between GLDM and VTI shifts across timeframes, from 0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

GLDM vs. VTI - Sectors Allocation Comparison

Sectors
GLDM
VTI

Basic Materials

100.0%
2.0%

Communication Services

-

10.3%

Consumer Cyclical

-

10.0%

Consumer Defensive

-

4.7%

Energy

-

3.7%

Financial Services

-

12.0%

Healthcare

-

9.2%

Industrials

-

9.8%

Real Estate

-

2.4%

Technology

-

33.5%

Utilities

-

2.3%

Basic Materials

GLDM
100.0%
VTI
2.0%

Communication Services

GLDM

-

VTI
10.3%

Consumer Cyclical

GLDM

-

VTI
10.0%

Consumer Defensive

GLDM

-

VTI
4.7%

Energy

GLDM

-

VTI
3.7%

Financial Services

GLDM

-

VTI
12.0%

Healthcare

GLDM

-

VTI
9.2%

Industrials

GLDM

-

VTI
9.8%

Real Estate

GLDM

-

VTI
2.4%

Technology

GLDM

-

VTI
33.5%

Utilities

GLDM

-

VTI
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Gold MiniShares Trust

Vanguard Total Stock Market ETF

Often compared with GLDM:
GLDM vs. GLDGLDM vs. IAUGLDM vs. IAUMGLDM vs. GDXGLDM vs. SGOLGLDM vs. VOOGLDM vs. SPY
Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ

Return for Risk

GLDM vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLDM
GLDM Risk / Return Rank: 3434
Overall Rank
GLDM Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
GLDM Sortino Ratio Rank: 3232
Sortino Ratio Rank
GLDM Omega Ratio Rank: 3939
Omega Ratio Rank
GLDM Calmar Ratio Rank: 3535
Calmar Ratio Rank
GLDM Martin Ratio Rank: 3030
Martin Ratio Rank
VTI
VTI Risk / Return Rank: 7373
Overall Rank
VTI Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 7373
Sortino Ratio Rank
VTI Omega Ratio Rank: 7373
Omega Ratio Rank
VTI Calmar Ratio Rank: 6666
Calmar Ratio Rank
VTI Martin Ratio Rank: 7878
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDM vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Vanguard Total Stock Market ETF (VTI). 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.

GLDMVTIDifference
Sharpe ratioReturn per unit of total volatility
1.25
2.38

-1.13

Sortino ratioReturn per unit of downside risk
1.64
3.24

-1.60

Omega ratioGain probability vs. loss probability

1.25

1.43

-0.18

Calmar ratioReturn relative to maximum drawdown

1.72

3.24

-1.53

Martin ratioReturn relative to average drawdown

4.23

14.94

-10.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDM vs. VTI - Sharpe Ratio Comparison

The current GLDM Sharpe Ratio is 1.25, which is lower than the VTI Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of GLDM and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GLDMVTIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

2.38

-1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

0.74

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.82

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.51

+0.51

Drawdowns

GLDM vs. VTI - Drawdown Comparison

The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for GLDM and VTI.

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Drawdown Indicators

GLDMVTIDifference

Max Drawdown

Largest peak-to-trough decline

-21.63%

-55.45%

+33.82%

Max Drawdown (1Y)

Largest decline over 1 year

-19.14%

-8.92%

-10.22%

Max Drawdown (3Y)

Largest decline over 3 years

-19.14%

-19.30%

+0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

-25.36%

+4.44%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.00%

—

Current Drawdown

Current decline from peak

-16.95%

-0.26%

-16.69%

Average Drawdown

Average peak-to-trough decline

-6.22%

-8.03%

+1.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.76%

1.93%

+5.83%

Volatility

GLDM vs. VTI - Volatility Comparison

SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 5.47% compared to Vanguard Total Stock Market ETF (VTI) at 2.90%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GLDMVTIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.47%

2.90%

+2.57%

Volatility (6M)

Calculated over the trailing 6-month period

23.00%

9.13%

+13.87%

Volatility (1Y)

Calculated over the trailing 1-year period

26.38%

12.17%

+14.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.90%

17.40%

+0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.85%

18.30%

-1.45%

GLDM vs. VTI - Expense Ratio Comparison

GLDM has a 0.10% expense ratio, which is higher than VTI's 0.03% 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. VTI - Dividend Comparison

GLDM has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.01%.

PositionTTM20252024202320222021202020192018201720162015
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%
VTI
Vanguard Total Stock Market ETF		1.01%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

GLDM and VTI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GLDM has higher volatility (5.47%) compared to VTI (2.90%). In terms of maximum drawdown, GLDM dropped -21.63% vs VTI's -55.45%.

On 5-year performance, GLDM leads with 18.69% vs 12.80% for VTI. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, GLDM has performed better with a 18.69% return vs 12.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTI is cheaper with a 0.03% expense ratio, compared with 0.10% for GLDM.

VTI has the higher dividend yield at 1.01%, compared with 0.00% for GLDM.

GLDM is categorized as Gold, while VTI is Large Cap Blend Equities. GLDM tracks LBMA Gold Price PM, while VTI tracks CRSP US Total Market Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.10% for GLDM and 0.03% for VTI.

VTI currently has the higher Sharpe Ratio (2.38 vs 1.25), 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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