GSPKX vs. GLDM
GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) and GLDM (SPDR Gold MiniShares Trust) are both funds - GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, GSPKX returned 12.84%/yr vs 18.18%/yr for GLDM. At a 0.08 correlation, their price movements are largely independent. GSPKX charges 0.71%/yr vs 0.10%/yr for GLDM.
Performance
GSPKX vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, GSPKX achieves a 9.85% return, which is significantly higher than GLDM's -4.72% return.
GSPKX
- 1D
- -0.25%
- 1M
- 0.86%
- YTD
- 9.85%
- 6M
- 9.24%
- 1Y
- 23.12%
- 3Y*
- 20.27%
- 5Y*
- 12.84%
- 10Y*
- 13.27%
GLDM
- 1D
- -1.91%
- 1M
- -8.82%
- YTD
- -4.72%
- 6M
- -8.62%
- 1Y
- 21.66%
- 3Y*
- 28.79%
- 5Y*
- 18.18%
- 10Y*
- —
GSPKX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 9.85% | 13.60% | 29.55% | 21.39% | -15.20% | 22.79% | 14.15% | 25.11% | -7.60% |
GLDM SPDR Gold MiniShares Trust | -4.72% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between GSPKX and GLDM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.08 |
The correlation between GSPKX and GLDM shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GSPKX vs. GLDM — Risk / Return Rank
GSPKX
GLDM
GSPKX vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) 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.
| GSPKX | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.17 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 0.89 | +2.20 |
| Martin ratioReturn relative to average drawdown | 15.41 | 2.40 | +13.01 |
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Drawdowns
GSPKX vs. GLDM - Drawdown Comparison
The maximum GSPKX drawdown since its inception was -51.90%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for GSPKX and GLDM.
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Drawdown Indicators
| GSPKX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.90% | -24.35% | -27.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -24.35% | +16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -24.35% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.34% | -24.35% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -23.82% | +23.27% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -6.32% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 9.05% | -7.49% |
Volatility
GSPKX vs. GLDM - Volatility Comparison
The current volatility for Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) is 3.47%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 8.16%. This indicates that GSPKX experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSPKX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 8.16% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 24.22% | -15.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.24% | 27.36% | -17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 18.15% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 17.02% | -0.10% |
GSPKX vs. GLDM - Expense Ratio Comparison
GSPKX has a 0.71% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
GSPKX vs. GLDM - Dividend Comparison
GSPKX's dividend yield for the trailing twelve months is around 6.02%, while GLDM has not paid dividends to shareholders.
| Position | 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% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 6.02% | 6.32% | 12.77% | 6.48% | 6.33% | 6.01% | 7.19% | 6.86% | 7.95% | 6.13% | 5.63% | 6.29% |
Frequently Asked Questions
GSPKX and GLDM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (8.16%) compared to GSPKX (3.47%). In terms of maximum drawdown, GSPKX dropped -51.90% vs GLDM's -24.35%.
GSPKX currently has the higher Sharpe Ratio (2.37 vs 0.80), 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.
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