USAGX vs. GLDM
Compare and contrast key facts about USAA Precious Metals and Minerals Fund (USAGX) and SPDR Gold MiniShares Trust (GLDM).
USAGX is managed by Victory. It was launched on Aug 14, 1984. 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.
Performance
USAGX vs. GLDM - Performance Comparison
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USAGX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USAGX USAA Precious Metals and Minerals Fund | -0.46% | 156.06% | 10.76% | 6.73% | -11.80% | -10.14% | 25.85% | 42.97% | -8.26% |
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, USAGX achieves a -0.46% return, which is significantly lower than GLDM's 8.57% return.
USAGX
- 1D
- 0.06%
- 1M
- -25.50%
- YTD
- -0.46%
- 6M
- 13.74%
- 1Y
- 84.81%
- 3Y*
- 39.18%
- 5Y*
- 21.72%
- 10Y*
- 15.64%
GLDM
- 1D
- 3.77%
- 1M
- -10.99%
- YTD
- 8.57%
- 6M
- 21.24%
- 1Y
- 49.77%
- 3Y*
- 33.33%
- 5Y*
- 21.91%
- 10Y*
- —
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USAGX vs. GLDM - Expense Ratio Comparison
USAGX has a 1.12% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Return for Risk
USAGX vs. GLDM — Risk / Return Rank
USAGX
GLDM
USAGX vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Precious Metals and Minerals Fund (USAGX) 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.
| USAGX | GLDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.82 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.25 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.71 | +0.18 |
Martin ratioReturn relative to average drawdown | 10.78 | 10.04 | +0.73 |
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
| USAGX | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.82 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.25 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.09 | -0.91 |
Correlation
The correlation between USAGX and GLDM is 0.76, 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.
Dividends
USAGX vs. GLDM - Dividend Comparison
USAGX's dividend yield for the trailing twelve months is around 0.24%, while GLDM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
USAGX USAA Precious Metals and Minerals Fund | 0.24% | 0.24% | 0.00% | 2.45% | 0.95% | 0.84% | 0.04% | 0.00% | 0.00% | 0.00% | 4.20% |
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% |
Drawdowns
USAGX vs. GLDM - Drawdown Comparison
The maximum USAGX drawdown since its inception was -80.89%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for USAGX and GLDM.
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Drawdown Indicators
| USAGX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -21.63% | -59.26% |
Max Drawdown (1Y)Largest decline over 1 year | -30.12% | -19.14% | -10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -45.72% | -20.92% | -24.80% |
Max Drawdown (10Y)Largest decline over 10 years | -51.03% | — | — |
Current DrawdownCurrent decline from peak | -25.50% | -13.19% | -12.31% |
Average DrawdownAverage peak-to-trough decline | -43.17% | -6.04% | -37.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 5.16% | +2.93% |
Volatility
USAGX vs. GLDM - Volatility Comparison
USAA Precious Metals and Minerals Fund (USAGX) has a higher volatility of 15.38% compared to SPDR Gold MiniShares Trust (GLDM) at 11.01%. This indicates that USAGX's price experiences larger fluctuations and is considered to be riskier 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
| USAGX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 11.01% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 24.07% | +10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.75% | 27.57% | +15.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 17.65% | +14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.73% | 16.77% | +15.96% |