GLDM vs. XLU
Compare and contrast key facts about SPDR Gold MiniShares Trust (GLDM) and Utilities Select Sector SPDR Fund (XLU).
GLDM and XLU 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. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998. Both GLDM and XLU 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. XLU - Performance Comparison
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GLDM vs. XLU - 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% |
XLU Utilities Select Sector SPDR Fund | 8.25% | 16.03% | 23.31% | -7.18% | 1.44% | 17.70% | 0.51% | 25.93% | 4.26% |
Returns By Period
The year-to-date returns for both stocks are quite close, with GLDM having a 8.57% return and XLU slightly lower at 8.25%.
GLDM
- 1D
- 3.77%
- 1M
- -10.99%
- YTD
- 8.57%
- 6M
- 21.24%
- 1Y
- 49.77%
- 3Y*
- 33.33%
- 5Y*
- 21.91%
- 10Y*
- —
XLU
- 1D
- -0.07%
- 1M
- -3.18%
- YTD
- 8.25%
- 6M
- 6.77%
- 1Y
- 19.71%
- 3Y*
- 14.12%
- 5Y*
- 10.80%
- 10Y*
- 9.74%
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GLDM vs. XLU - Expense Ratio Comparison
GLDM has a 0.10% expense ratio, which is lower than XLU'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. XLU — Risk / Return Rank
GLDM
XLU
GLDM vs. XLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Utilities Select Sector SPDR Fund (XLU). 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 | XLU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.25 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.71 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.29 | +0.42 |
Martin ratioReturn relative to average drawdown | 10.04 | 5.51 | +4.53 |
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 | XLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.25 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.63 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.41 | +0.68 |
Correlation
The correlation between GLDM and XLU is 0.16, 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. XLU - Dividend Comparison
GLDM has not paid dividends to shareholders, while XLU's dividend yield for the trailing twelve months is around 2.59%.
| 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% |
XLU Utilities Select Sector SPDR Fund | 2.59% | 2.71% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% |
Drawdowns
GLDM vs. XLU - Drawdown Comparison
The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum XLU drawdown of -51.98%. Use the drawdown chart below to compare losses from any high point for GLDM and XLU.
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Drawdown Indicators
| GLDM | XLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -51.98% | +30.35% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -9.18% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -25.26% | +4.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.07% | — |
Current DrawdownCurrent decline from peak | -13.19% | -3.18% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -10.26% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 3.82% | +1.34% |
Volatility
GLDM vs. XLU - Volatility Comparison
SPDR Gold MiniShares Trust (GLDM) has a higher volatility of 11.01% compared to Utilities Select Sector SPDR Fund (XLU) at 5.09%. This indicates that GLDM's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDM | XLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 5.09% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 10.35% | +13.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 15.82% | +11.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 17.18% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 19.21% | -2.44% |