GSG vs. GLDM
Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and SPDR Gold MiniShares Trust (GLDM).
GSG and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006. 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. Both GSG and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSG or GLDM.
Performance
GSG vs. GLDM - Performance Comparison
Returns By Period
In the year-to-date period, GSG achieves a 4.94% return, which is significantly lower than GLDM's 26.57% return.
GSG
4.94%
0.29%
-6.15%
1.20%
6.99%
-2.25%
GLDM
26.57%
-3.93%
8.06%
31.76%
12.06%
N/A
Key characteristics
| GSG | GLDM | |
|---|---|---|
| Sharpe Ratio | 0.19 | 2.16 |
| Sortino Ratio | 0.38 | 2.89 |
| Omega Ratio | 1.04 | 1.38 |
| Calmar Ratio | 0.04 | 3.92 |
| Martin Ratio | 0.59 | 12.97 |
| Ulcer Index | 5.24% | 2.45% |
| Daily Std Dev | 16.22% | 14.76% |
| Max Drawdown | -89.62% | -21.63% |
| Current Drawdown | -72.11% | -6.25% |
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GSG vs. GLDM - Expense Ratio Comparison
GSG has a 0.75% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Correlation
The correlation between GSG and GLDM is 0.17, 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.
Risk-Adjusted Performance
GSG vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) 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.
Dividends
GSG vs. GLDM - Dividend Comparison
Neither GSG nor GLDM has paid dividends to shareholders.
Drawdowns
GSG vs. GLDM - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GSG and GLDM. For additional features, visit the drawdowns tool.
Volatility
GSG vs. GLDM - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 5.45% and 5.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.