USAU vs. GLDM

Last updated Apr 1, 2026

Compare and contrast key facts about U.S. Gold Corp. (USAU) and SPDR Gold MiniShares Trust (GLDM).

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

USAU vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Gold Corp. (USAU) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

USAU vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
USAU U.S. Gold Corp.	-21.74%	216.64%	44.24%	-11.46%	-46.49%	-45.80%	104.32%	-10.00%	-29.13%
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, USAU achieves a -21.74% return, which is significantly lower than GLDM's 8.57% return.

USAU

• 1D: 8.50%
• 1M: -30.00%
• YTD: -21.74%
• 6M: -7.83%
• 1Y: 67.11%
• 3Y*: 39.63%
• 5Y*: 6.65%
• 10Y*: -15.22%

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)

Return for Risk

USAU vs. GLDM — Risk / Return Rank

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

USAU

USAU Risk / Return Rank: 72
USAU Sharpe Ratio Rank: 74
USAU Sortino Ratio Rank: 72
USAU Omega Ratio Rank: 67
USAU Calmar Ratio Rank: 73
USAU Martin Ratio Rank: 73

GLDM

GLDM Risk / Return Rank: 88
GLDM Sharpe Ratio Rank: 89
GLDM Sortino Ratio Rank: 86
GLDM Omega Ratio Rank: 86
GLDM Calmar Ratio Rank: 89
GLDM Martin Ratio Rank: 88

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.

USAU vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Gold Corp. (USAU) 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.

	USAU	GLDM	Difference
Sharpe ratio Return per unit of total volatility	0.95	1.82	-0.86
Sortino ratio Return per unit of downside risk	1.66	2.25	-0.59
Omega ratio Gain probability vs. loss probability	1.19	1.33	-0.14
Calmar ratio Return relative to maximum drawdown	1.56	2.71	-1.15
Martin ratio Return relative to average drawdown	3.88	10.04	-6.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAU vs. GLDM - Sharpe Ratio Comparison

The current USAU Sharpe Ratio is 0.95, which is lower than the GLDM Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of USAU 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.

Sharpe Ratios by Period

	USAU	GLDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.82	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	1.25	-1.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	1.09	-1.28

Correlation

The correlation between USAU and GLDM is 0.35, 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

USAU vs. GLDM - Dividend Comparison

Neither USAU nor GLDM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

USAU vs. GLDM - Drawdown Comparison

The maximum USAU drawdown since its inception was -99.99%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for USAU and GLDM.

Drawdown Indicators

	USAU	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-21.63%	-78.36%
Max Drawdown (1Y) Largest decline over 1 year	-39.07%	-19.14%	-19.93%
Max Drawdown (5Y) Largest decline over 5 years	-76.58%	-20.92%	-55.66%
Max Drawdown (10Y) Largest decline over 10 years	-98.20%	—	—
Current Drawdown Current decline from peak	-99.95%	-13.19%	-86.76%
Average Drawdown Average peak-to-trough decline	-83.10%	-6.04%	-77.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.72%	5.16%	+10.56%

Volatility

USAU vs. GLDM - Volatility Comparison

U.S. Gold Corp. (USAU) has a higher volatility of 18.25% compared to SPDR Gold MiniShares Trust (GLDM) at 11.01%. This indicates that USAU'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.

Volatility by Period

	USAU	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.25%	11.01%	+7.24%
Volatility (6M) Calculated over the trailing 6-month period	49.44%	24.07%	+25.37%
Volatility (1Y) Calculated over the trailing 1-year period	70.99%	27.57%	+43.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.78%	17.65%	+45.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.64%	16.77%	+69.87%