SLQD vs. GLDM
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SLQD returned 2.48%/yr vs 17.89%/yr for GLDM. At a 0.36 correlation, their price movements are largely independent. SLQD charges 0.06%/yr vs 0.10%/yr for GLDM.
Performance
SLQD vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 0.73% return, which is significantly higher than GLDM's 0.30% return.
SLQD
- 1D
- 0.05%
- 1M
- -0.12%
- YTD
- 0.73%
- 6M
- 1.17%
- 1Y
- 4.49%
- 3Y*
- 5.41%
- 5Y*
- 2.48%
- 10Y*
- 2.63%
GLDM
- 1D
- 0.25%
- 1M
- -8.41%
- YTD
- 0.30%
- 6M
- 3.19%
- 1Y
- 30.55%
- 3Y*
- 30.08%
- 5Y*
- 17.89%
- 10Y*
- —
SLQD vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.73% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.47% |
GLDM SPDR Gold MiniShares Trust | 0.30% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
Correlation
The correlation between SLQD and GLDM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.36 |
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Return for Risk
SLQD vs. GLDM — Risk / Return Rank
SLQD
GLDM
SLQD vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.
| SLQD | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.23 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 1.53 | +2.71 |
| Martin ratioReturn relative to average drawdown | 19.25 | 3.85 | +15.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLQD | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 1.15 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.00 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.99 | -0.15 |
Drawdowns
SLQD vs. GLDM - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SLQD and GLDM.
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Drawdown Indicators
| SLQD | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -21.63% | +8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -20.00% | +18.94% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -20.00% | +18.94% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -20.92% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -19.80% | +19.56% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -6.24% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 7.96% | -7.73% |
Volatility
SLQD vs. GLDM - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.51%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.65%. This indicates that SLQD 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
| SLQD | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 5.65% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 23.31% | -22.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 26.65% | -25.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.44% | 17.98% | -15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 16.89% | -13.75% |
SLQD vs. GLDM - Expense Ratio Comparison
SLQD has a 0.06% 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
SLQD vs. GLDM - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.33%, 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% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.33% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SLQD and GLDM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (5.65%) compared to SLQD (0.51%). In terms of maximum drawdown, SLQD dropped -12.69% vs GLDM's -21.63%.
On 5-year performance, GLDM leads with 17.89% vs 2.48% for SLQD. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.51%. 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 17.89% return vs 2.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.10% for GLDM.
SLQD has the higher dividend yield at 4.33%, compared with 0.00% for GLDM.
SLQD is categorized as Corporate Bonds, while GLDM is Gold. SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.06% for SLQD and 0.10% for GLDM.
SLQD currently has the higher Sharpe Ratio (3.04 vs 1.15), 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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