MYCI vs. GLDM

Last updated Jun 4, 2026

MYCI (State Street My2029 Corporate Bond ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - MYCI is a Corporate Bonds fund actively managed by State Street, while GLDM is a Gold fund tracking the LBMA Gold Price PM. MYCI is actively managed, while GLDM is passively managed. Over the past year, MYCI returned 4.75% vs 32.42% for GLDM. At a 0.24 correlation, their price movements are largely independent. MYCI charges 0.15%/yr vs 0.10%/yr for GLDM.

Performance

MYCI vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2029 Corporate Bond ETF (MYCI) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCI achieves a 0.45% return, which is significantly lower than GLDM's 3.00% return.

MYCI

• 1D: -0.04%
• 1M: 0.17%
• YTD: 0.45%
• 6M: 0.87%
• 1Y: 4.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDM

• 1D: -0.96%
• 1M: -1.62%
• YTD: 3.00%
• 6M: 5.60%
• 1Y: 32.42%
• 3Y*: 31.49%
• 5Y*: 18.49%
• 10Y*: —

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

MYCI vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCI State Street My2029 Corporate Bond ETF	0.45%	7.59%	-1.56%
GLDM SPDR Gold MiniShares Trust	3.00%	64.20%	-1.48%

Correlation

The correlation between MYCI and GLDM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.24

Return for Risk

MYCI vs. GLDM — Risk / Return Rank

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

MYCI

MYCI Risk / Return Rank: 67
MYCI Sharpe Ratio Rank: 66
MYCI Sortino Ratio Rank: 72
MYCI Omega Ratio Rank: 71
MYCI Calmar Ratio Rank: 62
MYCI Martin Ratio Rank: 63

GLDM

GLDM Risk / Return Rank: 32
GLDM Sharpe Ratio Rank: 33
GLDM Sortino Ratio Rank: 29
GLDM Omega Ratio Rank: 36
GLDM Calmar Ratio Rank: 34
GLDM Martin Ratio Rank: 29

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.

MYCI vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2029 Corporate Bond ETF (MYCI) 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.

	MYCI	GLDM	Difference
Sharpe ratio Return per unit of total volatility	2.15	1.24	+0.92
Sortino ratio Return per unit of downside risk	3.22	1.63	+1.58
Omega ratio Gain probability vs. loss probability	1.42	1.25	+0.17
Calmar ratio Return relative to maximum drawdown	3.05	1.70	+1.35
Martin ratio Return relative to average drawdown	11.23	4.23	+7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYCI vs. GLDM - Sharpe Ratio Comparison

The current MYCI Sharpe Ratio is 2.15, which is higher than the GLDM Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of MYCI and GLDM, 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

	MYCI	GLDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.24	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	1.02	+0.23

Drawdowns

MYCI vs. GLDM - Drawdown Comparison

The maximum MYCI drawdown since its inception was -2.41%, smaller than the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for MYCI and GLDM.

Drawdown Indicators

	MYCI	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-2.41%	-21.63%	+19.22%
Max Drawdown (1Y) Largest decline over 1 year	-1.56%	-19.14%	+17.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.92%	—
Current Drawdown Current decline from peak	-0.56%	-17.65%	+17.09%
Average Drawdown Average peak-to-trough decline	-0.54%	-6.22%	+5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	7.69%	-7.27%

Volatility

MYCI vs. GLDM - Volatility Comparison

The current volatility for State Street My2029 Corporate Bond ETF (MYCI) is 0.59%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.47%. This indicates that MYCI 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.

Volatility by Period

	MYCI	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	5.47%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	1.50%	22.99%	-21.49%
Volatility (1Y) Calculated over the trailing 1-year period	2.22%	26.39%	-24.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.02%	17.91%	-14.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.02%	16.85%	-13.83%

MYCI vs. GLDM - Expense Ratio Comparison

MYCI has a 0.15% expense ratio, which is higher than GLDM's 0.10% 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%.

Dividends

MYCI vs. GLDM - Dividend Comparison

MYCI's dividend yield for the trailing twelve months is around 4.57%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025	2024
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%	0.00%
MYCI State Street My2029 Corporate Bond ETF	4.57%	4.56%	1.19%

Frequently Asked Questions

Can I hold both MYCI and GLDM in my portfolio?

MYCI and GLDM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCI or GLDM?

GLDM has higher volatility (5.47%) compared to MYCI (0.59%). In terms of maximum drawdown, MYCI dropped -2.41% vs GLDM's -21.63%.

Which ETF is better, MYCI or GLDM?

On 1-year performance, GLDM leads with 32.42% vs 4.75% for MYCI. On fees, GLDM is cheaper at 0.10% per year. On volatility, MYCI has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCI or GLDM?

Over the 1-year period, GLDM has performed better with a 32.42% return vs 4.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCI or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.15% for MYCI.

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

MYCI has the higher dividend yield at 4.57%, compared with 0.00% for GLDM.

What is the main difference between MYCI and GLDM?

MYCI is categorized as Corporate Bonds, while GLDM is Gold. Their fees differ too: 0.15% for MYCI and 0.10% for GLDM.

Which has better risk-adjusted returns?

MYCI currently has the higher Sharpe Ratio (2.15 vs 1.24), 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.