GLDM vs. YGLD

Last updated Jun 6, 2026

GLDM (SPDR Gold MiniShares Trust) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both Gold funds. GLDM is passively managed, while YGLD is actively managed. Over the past year, GLDM returned 28.49% vs 17.84% for YGLD. Their correlation of 0.93 suggests significant overlap in exposure. GLDM charges 0.10%/yr vs 0.50%/yr for YGLD.

Performance

GLDM vs. YGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold MiniShares Trust (GLDM) and Simplify Gold Strategy PLUS Income ETF (YGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDM achieves a 0.06% return, which is significantly higher than YGLD's -11.32% return.

GLDM

• 1D: -3.67%
• 1M: -8.00%
• YTD: 0.06%
• 6M: 2.68%
• 1Y: 28.49%
• 3Y*: 29.91%
• 5Y*: 17.81%
• 10Y*: —

YGLD

• 1D: -5.36%
• 1M: -11.92%
• YTD: -11.32%
• 6M: -10.92%
• 1Y: 17.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDM vs. YGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLDM SPDR Gold MiniShares Trust	0.06%	64.20%	-0.67%
YGLD Simplify Gold Strategy PLUS Income ETF	-11.32%	96.82%	-4.17%

Correlation

The correlation between GLDM and YGLD is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.93

The correlation between GLDM and YGLD has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

GLDM vs. YGLD - Sectors Allocation Comparison

Sectors	GLDM	YGLD
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	32.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GLDM vs. YGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDM

GLDM Risk / Return Rank: 30
GLDM Sharpe Ratio Rank: 31
GLDM Sortino Ratio Rank: 28
GLDM Omega Ratio Rank: 33
GLDM Calmar Ratio Rank: 30
GLDM Martin Ratio Rank: 27

YGLD

YGLD Risk / Return Rank: 17
YGLD Sharpe Ratio Rank: 16
YGLD Sortino Ratio Rank: 17
YGLD Omega Ratio Rank: 19
YGLD Calmar Ratio Rank: 15
YGLD Martin Ratio Rank: 15

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. YGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold MiniShares Trust (GLDM) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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	YGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.44	+0.63
Sortino ratio: Return per unit of downside risk	1.45	0.81	+0.64
Omega ratio: Gain probability vs. loss probability	1.22	1.12	+0.10
Calmar ratio: Return relative to maximum drawdown	1.43	0.50	+0.93
Martin ratio: Return relative to average drawdown	3.63	1.18	+2.45
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. YGLD - Sharpe Ratio Comparison

The current GLDM Sharpe Ratio is 1.07, which is higher than the YGLD Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of GLDM and YGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLDM	YGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.44	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	1.05	-0.06

Drawdowns

GLDM vs. YGLD - Drawdown Comparison

The maximum GLDM drawdown since its inception was -21.63%, smaller than the maximum YGLD drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for GLDM and YGLD.

Drawdown Indicators

	GLDM	YGLD	Difference
Max Drawdown Largest peak-to-trough decline	-21.63%	-36.00%	+14.37%
Max Drawdown (1Y) Largest decline over 1 year	-20.00%	-36.00%	+16.00%
Max Drawdown (3Y) Largest decline over 3 years	-20.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	—	—
Current Drawdown Current decline from peak	-20.00%	-36.00%	+16.00%
Average Drawdown Average peak-to-trough decline	-6.23%	-8.05%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.86%	15.16%	-7.30%

Volatility

GLDM vs. YGLD - Volatility Comparison

The current volatility for SPDR Gold MiniShares Trust (GLDM) is 5.65%, while Simplify Gold Strategy PLUS Income ETF (YGLD) has a volatility of 8.71%. This indicates that GLDM experiences smaller price fluctuations and is considered to be less risky than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDM	YGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	8.71%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	23.31%	35.11%	-11.80%
Volatility (1Y) Calculated over the trailing 1-year period	26.65%	40.75%	-14.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	39.27%	-21.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	39.27%	-22.37%

GLDM vs. YGLD - Expense Ratio Comparison

GLDM has a 0.10% expense ratio, which is lower than YGLD's 0.50% expense ratio.

Dividends

GLDM vs. YGLD - Dividend Comparison

GLDM has not paid dividends to shareholders, while YGLD's dividend yield for the trailing twelve months is around 20.11%.

Position	TTM	2025
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%
YGLD Simplify Gold Strategy PLUS Income ETF	20.11%	12.05%

Frequently Asked Questions

Can I hold both GLDM and YGLD in my portfolio?

With a correlation of 0.93, GLDM and YGLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GLDM or YGLD?

YGLD has higher volatility (8.71%) compared to GLDM (5.65%). In terms of maximum drawdown, GLDM dropped -21.63% vs YGLD's -36.00%.

Which ETF is better, GLDM or YGLD?

On 1-year performance, GLDM leads with 28.49% vs 17.84% for YGLD. On fees, GLDM is cheaper at 0.10% per year. On volatility, GLDM has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLDM or YGLD?

Over the 1-year period, GLDM has performed better with a 28.49% return vs 17.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLDM or YGLD?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.50% for YGLD.

Which ETF pays a higher dividend yield, GLDM or YGLD?

YGLD has the higher dividend yield at 20.11%, compared with 0.00% for GLDM.

What is the main difference between GLDM and YGLD?

They also come from different issuers: State Street and Simplify. Their fees differ too: 0.10% for GLDM and 0.50% for YGLD.

Which has better risk-adjusted returns?

GLDM currently has the higher Sharpe Ratio (1.07 vs 0.44), 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.