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SPMD vs. GLDM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

SPMD vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

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SPMD vs. GLDM - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
SPMD
SPDR Portfolio S&P 400 Mid Cap ETF
2.59%7.44%13.91%16.48%-13.13%24.76%13.46%25.19%-15.59%
GLDM
SPDR Gold MiniShares Trust
8.57%64.20%27.08%13.04%-0.47%-4.01%25.10%18.10%1.84%

Returns By Period

In the year-to-date period, SPMD achieves a 2.59% return, which is significantly lower than GLDM's 8.57% return.


SPMD

1D
2.99%
1M
-5.29%
YTD
2.59%
6M
4.27%
1Y
17.37%
3Y*
12.11%
5Y*
6.60%
10Y*
10.73%

GLDM

1D
3.77%
1M
-10.99%
YTD
8.57%
6M
21.24%
1Y
49.77%
3Y*
33.33%
5Y*
21.91%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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SPMD vs. GLDM - Expense Ratio Comparison

SPMD has a 0.05% 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%.


Return for Risk

SPMD vs. GLDM — Risk / Return Rank

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

SPMD
SPMD Risk / Return Rank: 5252
Overall Rank
SPMD Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
SPMD Sortino Ratio Rank: 5151
Sortino Ratio Rank
SPMD Omega Ratio Rank: 4949
Omega Ratio Rank
SPMD Calmar Ratio Rank: 5353
Calmar Ratio Rank
SPMD Martin Ratio Rank: 5959
Martin Ratio Rank

GLDM
GLDM Risk / Return Rank: 8888
Overall Rank
GLDM Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
GLDM Sortino Ratio Rank: 8686
Sortino Ratio Rank
GLDM Omega Ratio Rank: 8686
Omega Ratio Rank
GLDM Calmar Ratio Rank: 8989
Calmar Ratio Rank
GLDM Martin Ratio Rank: 8888
Martin Ratio Rank
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.

SPMD vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 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.


SPMDGLDMDifference

Sharpe ratio

Return per unit of total volatility

0.83

1.82

-0.99

Sortino ratio

Return per unit of downside risk

1.30

2.25

-0.95

Omega ratio

Gain probability vs. loss probability

1.18

1.33

-0.16

Calmar ratio

Return relative to maximum drawdown

1.25

2.71

-1.46

Martin ratio

Return relative to average drawdown

5.41

10.04

-4.63

SPMD vs. GLDM - Sharpe Ratio Comparison

The current SPMD Sharpe Ratio is 0.83, which is lower than the GLDM Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of SPMD and GLDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


SPMDGLDMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

1.82

-0.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

1.25

-0.91

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

1.09

-0.67

Correlation

The correlation between SPMD and GLDM is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Dividends

SPMD vs. GLDM - Dividend Comparison

SPMD's dividend yield for the trailing twelve months is around 1.37%, while GLDM has not paid dividends to shareholders.


TTM20252024202320222021202020192018201720162015
SPMD
SPDR Portfolio S&P 400 Mid Cap ETF
1.37%1.39%1.42%1.47%1.64%1.24%1.30%1.57%1.85%1.97%2.13%5.33%
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%

Drawdowns

SPMD vs. GLDM - Drawdown Comparison

The maximum SPMD drawdown since its inception was -57.62%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SPMD and GLDM.


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Drawdown Indicators


SPMDGLDMDifference

Max Drawdown

Largest peak-to-trough decline

-57.62%

-21.63%

-35.99%

Max Drawdown (1Y)

Largest decline over 1 year

-14.12%

-19.14%

+5.02%

Max Drawdown (5Y)

Largest decline over 5 years

-24.08%

-20.92%

-3.16%

Max Drawdown (10Y)

Largest decline over 10 years

-41.86%

Current Drawdown

Current decline from peak

-6.13%

-13.19%

+7.06%

Average Drawdown

Average peak-to-trough decline

-8.18%

-6.04%

-2.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

5.16%

-1.89%

Volatility

SPMD vs. GLDM - Volatility Comparison

The current volatility for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is 6.56%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 11.01%. This indicates that SPMD 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


SPMDGLDMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

11.01%

-4.45%

Volatility (6M)

Calculated over the trailing 6-month period

11.95%

24.07%

-12.12%

Volatility (1Y)

Calculated over the trailing 1-year period

21.11%

27.57%

-6.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.71%

17.65%

+2.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.18%

16.77%

+4.41%