GLDW vs. GLDM
GLDW (Roundhill Gold WeeklyPay ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while GLDM is a Gold fund tracking the LBMA Gold Price PM. GLDW is actively managed, while GLDM is passively managed. With a 1.00 correlation, they move nearly in lockstep. GLDW charges 0.99%/yr vs 0.10%/yr for GLDM.
Performance
GLDW vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -8.13% return, which is significantly lower than GLDM's -4.72% return.
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDM
- 1D
- -1.91%
- 1M
- -8.82%
- YTD
- -4.72%
- 6M
- -8.62%
- 1Y
- 21.66%
- 3Y*
- 28.79%
- 5Y*
- 18.18%
- 10Y*
- —
GLDW vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
GLDM SPDR Gold MiniShares Trust | -4.72% | 9.32% |
Correlation
The correlation between GLDW and GLDM is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 1.00 |
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Return for Risk
GLDW vs. GLDM — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDM
GLDW vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and SPDR Gold MiniShares Trust (GLDM). 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.
| GLDW | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.89 | — |
| Martin ratioReturn relative to average drawdown | — | 2.40 | — |
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Drawdowns
GLDW vs. GLDM - Drawdown Comparison
The maximum GLDW drawdown since its inception was -30.07%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for GLDW and GLDM.
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Drawdown Indicators
| GLDW | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -24.35% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.35% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.35% | — |
Current DrawdownCurrent decline from peak | -29.51% | -23.82% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -6.32% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.05% | — |
Volatility
GLDW vs. GLDM - Volatility Comparison
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Volatility by Period
| GLDW | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.17% | 27.36% | +9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.17% | 18.15% | +19.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.17% | 17.02% | +20.15% |
GLDW vs. GLDM - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
GLDW vs. GLDM - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 23.10%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% |
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% |
Frequently Asked Questions
With a correlation of 1.00, GLDW and GLDM 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.
On fees, GLDM is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDM is cheaper with a 0.10% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 23.10%, compared with 0.00% for GLDM.
GLDW is categorized as Derivative Income, while GLDM is Gold. Their fees differ too: 0.99% for GLDW and 0.10% for GLDM.
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