SCHG vs. GLDM
SCHG (Schwab U.S. Large-Cap Growth ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SCHG returned 14.33%/yr vs 17.41%/yr for GLDM. At a 0.07 correlation, their price movements are largely independent. SCHG charges 0.04%/yr vs 0.10%/yr for GLDM.
Performance
SCHG vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, SCHG achieves a 2.58% return, which is significantly higher than GLDM's -2.40% return.
SCHG
- 1D
- 0.12%
- 1M
- -3.66%
- YTD
- 2.58%
- 6M
- 2.96%
- 1Y
- 20.32%
- 3Y*
- 22.68%
- 5Y*
- 14.33%
- 10Y*
- 18.50%
GLDM
- 1D
- 0.11%
- 1M
- -9.52%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
SCHG vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 2.58% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -8.27% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between SCHG and GLDM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.07 |
The correlation between SCHG and GLDM shifts across timeframes, from 0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHG vs. GLDM — Risk / Return Rank
SCHG
GLDM
SCHG vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) 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.
| SCHG | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.00 | +0.15 |
| Martin ratioReturn relative to average drawdown | 3.78 | 2.87 | +0.91 |
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Drawdowns
SCHG vs. GLDM - Drawdown Comparison
The maximum SCHG drawdown since its inception was -34.59%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for SCHG and GLDM.
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Drawdown Indicators
| SCHG | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -24.35% | -10.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -24.35% | +7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -24.35% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | -24.35% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -21.96% | +16.63% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -6.27% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 8.44% | -3.48% |
Volatility
SCHG vs. GLDM - Volatility Comparison
The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 5.14%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.73%. This indicates that SCHG 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
| SCHG | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 7.73% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 23.93% | -11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 27.15% | -11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 18.13% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 16.98% | +4.60% |
SCHG vs. GLDM - Expense Ratio Comparison
SCHG has a 0.04% expense ratio, which is lower than GLDM's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHG vs. GLDM - Dividend Comparison
SCHG's dividend yield for the trailing twelve months is around 0.38%, 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Frequently Asked Questions
SCHG and GLDM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (7.73%) compared to SCHG (5.14%). In terms of maximum drawdown, SCHG dropped -34.59% vs GLDM's -24.35%.
On 5-year performance, GLDM leads with 17.41% vs 14.33% for SCHG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDM has performed better with a 17.41% return vs 14.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHG is cheaper with a 0.04% expense ratio, compared with 0.10% for GLDM.
SCHG has the higher dividend yield at 0.38%, compared with 0.00% for GLDM.
SCHG is categorized as Large Cap Growth Equities, while GLDM is Gold. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.04% for SCHG and 0.10% for GLDM.
SCHG currently has the higher Sharpe Ratio (1.18 vs 0.90), 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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