SGOL vs. GLDM
Compare and contrast key facts about Aberdeen Standard Physical Gold Shares ETF (SGOL) and SPDR Gold MiniShares Trust (GLDM).
SGOL and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGOL is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Sep 9, 2009. 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 SGOL 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: SGOL or GLDM.
Key characteristics
| SGOL | GLDM | |
|---|---|---|
| YTD Return | 12.46% | 12.54% |
| 1Y Return | 16.54% | 16.62% |
| 3Y Return (Ann) | 9.18% | 9.23% |
| 5Y Return (Ann) | 12.54% | 12.59% |
| Sharpe Ratio | 1.38 | 1.39 |
| Daily Std Dev | 12.24% | 12.22% |
| Max Drawdown | -45.51% | -21.63% |
| Current Drawdown | -2.84% | -2.85% |
Correlation
The correlation between SGOL and GLDM is 0.99, 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.
Performance
SGOL vs. GLDM - Performance Comparison
The year-to-date returns for both investments are quite close, with SGOL having a 12.46% return and GLDM slightly higher at 12.54%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SGOL vs. GLDM - Expense Ratio Comparison
SGOL has a 0.17% expense ratio, which is lower than GLDM's 0.18% 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%.
Risk-Adjusted Performance
SGOL vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Gold Shares ETF (SGOL) 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
SGOL vs. GLDM - Dividend Comparison
Neither SGOL nor GLDM has paid dividends to shareholders.
Drawdowns
SGOL vs. GLDM - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SGOL and GLDM. For additional features, visit the drawdowns tool.
Volatility
SGOL vs. GLDM - Volatility Comparison
Aberdeen Standard Physical Gold Shares ETF (SGOL) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 5.10% and 5.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.