IAUF vs. GLDM
Compare and contrast key facts about iShares Gold Strategy ETF (IAUF) and SPDR Gold MiniShares Trust (GLDM).
IAUF and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUF is a passively managed fund by iShares that tracks the performance of the Bloomberg Composite Gold Index. It was launched on Jun 6, 2018. 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 IAUF 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: IAUF or GLDM.
Performance
IAUF vs. GLDM - Performance Comparison
Returns By Period
IAUF
N/A
N/A
N/A
N/A
N/A
N/A
GLDM
26.57%
-3.93%
8.06%
31.76%
12.06%
N/A
Key characteristics
| IAUF | GLDM |
|---|
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IAUF vs. GLDM - Expense Ratio Comparison
IAUF has a 0.25% expense ratio, which is higher than GLDM's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IAUF and GLDM is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IAUF vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Strategy ETF (IAUF) 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
IAUF vs. GLDM - Dividend Comparison
Neither IAUF nor GLDM has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IAUF iShares Gold Strategy ETF | 111.57% | 13.18% | 0.88% | 0.00% | 7.61% | 10.04% | 0.77% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IAUF vs. GLDM - Drawdown Comparison
Volatility
IAUF vs. GLDM - Volatility Comparison
The current volatility for iShares Gold Strategy ETF (IAUF) is 0.00%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.65%. This indicates that IAUF 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.