GLDM vs. XLF
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and Financial Select Sector SPDR Fund (XLF).
GLDM and XLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998. Both GLDM and XLF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLDM vs. XLF - Performance Comparison
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GLDM vs. XLF - 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% |
XLF Financial Select Sector SPDR Fund | -9.40% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -9.80% |
Returns By Period
In the year-to-date period, GLDM achieves a 8.57% return, which is significantly higher than XLF's -9.40% return.
GLDM
- 1D
- 3.77%
- 1M
- -10.99%
- YTD
- 8.57%
- 6M
- 21.24%
- 1Y
- 49.77%
- 3Y*
- 33.33%
- 5Y*
- 21.91%
- 10Y*
- —
XLF
- 1D
- 2.09%
- 1M
- -3.51%
- YTD
- -9.40%
- 6M
- -7.56%
- 1Y
- 0.65%
- 3Y*
- 17.25%
- 5Y*
- 9.34%
- 10Y*
- 12.44%
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GLDM vs. XLF - Expense Ratio Comparison
GLDM has a 0.10% expense ratio, which is lower than XLF's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GLDM vs. XLF — Risk / Return Rank
GLDM
XLF
GLDM vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Financial Select Sector SPDR Fund (XLF). 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 | XLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.03 | +1.78 |
Sortino ratioReturn per unit of downside risk | 2.25 | 0.18 | +2.08 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.02 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 0.13 | +2.58 |
Martin ratioReturn relative to average drawdown | 10.04 | 0.38 | +9.66 |
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 | XLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.03 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.50 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.20 | +0.89 |
Correlation
The correlation between GLDM and XLF is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GLDM vs. XLF - Dividend Comparison
GLDM has not paid dividends to shareholders, while XLF's dividend yield for the trailing twelve months is around 1.60%.
| 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% |
XLF Financial Select Sector SPDR Fund | 1.60% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Drawdowns
GLDM vs. XLF - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for GLDM and XLF.
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Drawdown Indicators
| GLDM | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -82.69% | +61.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -14.79% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -25.81% | +4.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.86% | — |
Current DrawdownCurrent decline from peak | -13.19% | -12.01% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -20.10% | +14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 4.90% | +0.26% |
Volatility
GLDM vs. XLF - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 11.01% compared to Financial Select Sector SPDR Fund (XLF) at 4.75%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 4.75% | +6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 11.45% | +12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 19.29% | +8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 18.69% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 22.19% | -5.42% |