SPTM vs. GLDM
SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - SPTM is a Large Cap Blend Equities fund tracking the S&P Composite 1500 Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SPTM returned 12.61%/yr vs 17.40%/yr for GLDM. At a 0.09 correlation, their price movements are largely independent. SPTM charges 0.03%/yr vs 0.10%/yr for GLDM.
Performance
SPTM vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, SPTM achieves a 8.68% return, which is significantly higher than GLDM's -7.59% return.
SPTM
- 1D
- -0.03%
- 1M
- -1.06%
- YTD
- 8.68%
- 6M
- 7.29%
- 1Y
- 22.61%
- 3Y*
- 20.37%
- 5Y*
- 12.61%
- 10Y*
- 15.36%
GLDM
- 1D
- -3.01%
- 1M
- -11.57%
- YTD
- -7.59%
- 6M
- -11.06%
- 1Y
- 19.86%
- 3Y*
- 27.48%
- 5Y*
- 17.40%
- 10Y*
- —
SPTM vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 8.68% | 16.93% | 23.87% | 25.55% | -17.75% | 28.58% | 17.94% | 31.34% | -8.12% |
GLDM SPDR Gold MiniShares Trust | -7.59% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between SPTM and GLDM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.09 |
The correlation between SPTM and GLDM shifts across timeframes, from 0.09 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPTM vs. GLDM — Risk / Return Rank
SPTM
GLDM
SPTM vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) 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.
| SPTM | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.76 | +1.85 |
| Martin ratioReturn relative to average drawdown | 11.73 | 2.17 | +9.56 |
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Drawdowns
SPTM vs. GLDM - Drawdown Comparison
The maximum SPTM drawdown since its inception was -54.80%, which is greater than GLDM's maximum drawdown of -26.11%. Use the drawdown chart below to compare losses from any high point for SPTM and GLDM.
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Drawdown Indicators
| SPTM | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.80% | -26.11% | -28.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -26.11% | +17.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -26.11% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -26.11% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | — | — |
Current DrawdownCurrent decline from peak | -2.83% | -26.11% | +23.28% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -6.33% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 9.19% | -7.26% |
Volatility
SPTM vs. GLDM - Volatility Comparison
The current volatility for SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is 4.77%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 8.56%. This indicates that SPTM 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
| SPTM | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 8.56% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 24.41% | -14.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 27.53% | -15.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 18.20% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 17.05% | +0.99% |
SPTM vs. GLDM - Expense Ratio Comparison
SPTM has a 0.03% 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
SPTM vs. GLDM - Dividend Comparison
SPTM's dividend yield for the trailing twelve months is around 1.08%, 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% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 1.08% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.56% | 1.72% | 1.90% | 1.66% | 1.91% | 1.92% |
Frequently Asked Questions
SPTM and GLDM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (8.56%) compared to SPTM (4.77%). In terms of maximum drawdown, SPTM dropped -54.80% vs GLDM's -26.11%.
On 5-year performance, GLDM leads with 17.40% vs 12.61% for SPTM. On fees, SPTM is cheaper at 0.03% per year. On volatility, SPTM has been the lower-risk option at 4.77%. 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 17.40% return vs 12.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTM is cheaper with a 0.03% expense ratio, compared with 0.10% for GLDM.
SPTM has the higher dividend yield at 1.08%, compared with 0.00% for GLDM.
SPTM is categorized as Large Cap Blend Equities, while GLDM is Gold. SPTM tracks S&P Composite 1500 Index, while GLDM tracks LBMA Gold Price PM. Their fees differ too: 0.03% for SPTM and 0.10% for GLDM.
SPTM currently has the higher Sharpe Ratio (1.83 vs 0.73), 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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