MYMK vs. GLDM

Last updated Jun 4, 2026

MYMK (SPDR SSGA My2031 Municipal Bond ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - MYMK is a Municipal Bonds fund actively managed by State Street, while GLDM is a Gold fund tracking the LBMA Gold Price PM. MYMK is actively managed, while GLDM is passively managed. At a 0.17 correlation, their price movements are largely independent. MYMK charges 0.20%/yr vs 0.10%/yr for GLDM.

Performance

MYMK vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA My2031 Municipal Bond ETF (MYMK) 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, MYMK achieves a 0.76% return, which is significantly lower than GLDM's 3.87% return.

MYMK

• 1D: -0.04%
• 1M: 0.33%
• YTD: 0.76%
• 6M: 1.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDM

• 1D: 0.84%
• 1M: -1.62%
• YTD: 3.87%
• 6M: 6.41%
• 1Y: 32.70%
• 3Y*: 31.59%
• 5Y*: 18.69%
• 10Y*: —

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

MYMK vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025
MYMK SPDR SSGA My2031 Municipal Bond ETF	0.76%	0.77%
GLDM SPDR Gold MiniShares Trust	3.87%	17.77%

Correlation

The correlation between MYMK and GLDM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.17

Return for Risk

MYMK vs. GLDM — Risk / Return Rank

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

GLDM

GLDM Risk / Return Rank: 34
GLDM Sharpe Ratio Rank: 36
GLDM Sortino Ratio Rank: 32
GLDM Omega Ratio Rank: 39
GLDM Calmar Ratio Rank: 35
GLDM Martin Ratio Rank: 30

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.

MYMK vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA My2031 Municipal Bond ETF (MYMK) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MYMK	GLDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.02	+0.09

Drawdowns

MYMK vs. GLDM - Drawdown Comparison

The maximum MYMK drawdown since its inception was -2.22%, smaller than the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for MYMK and GLDM.

Drawdown Indicators

	MYMK	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-2.22%	-21.63%	+19.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.14%	—
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	-1.06%	-16.95%	+15.89%
Average Drawdown Average peak-to-trough decline	-0.57%	-6.22%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.76%	—

Volatility

Volatility by Period

	MYMK	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.97%	26.38%	-24.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.97%	17.90%	-15.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.97%	16.85%	-14.88%

MYMK vs. GLDM - Expense Ratio Comparison

MYMK has a 0.20% 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

MYMK vs. GLDM - Dividend Comparison

MYMK's dividend yield for the trailing twelve months is around 1.84%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%
MYMK SPDR SSGA My2031 Municipal Bond ETF	1.84%	0.77%

Frequently Asked Questions

Can I hold both MYMK and GLDM in my portfolio?

MYMK and GLDM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYMK or GLDM?

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.

Which ETF is cheaper, MYMK or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.20% for MYMK.

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

MYMK has the higher dividend yield at 1.84%, compared with 0.00% for GLDM.

What is the main difference between MYMK and GLDM?

MYMK is categorized as Municipal Bonds, while GLDM is Gold. Their fees differ too: 0.20% for MYMK and 0.10% for GLDM.