VGPMX vs. GLDM
Compare and contrast key facts about Vanguard Global Capital Cycles Fund (VGPMX) and SPDR Gold MiniShares Trust (GLDM).
VGPMX is managed by Vanguard. It was launched on May 23, 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
VGPMX vs. GLDM - Performance Comparison
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VGPMX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGPMX Vanguard Global Capital Cycles Fund | 4.53% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -25.18% |
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, VGPMX achieves a 4.53% return, which is significantly lower than GLDM's 8.57% return.
VGPMX
- 1D
- -0.02%
- 1M
- -10.69%
- YTD
- 4.53%
- 6M
- 17.55%
- 1Y
- 57.21%
- 3Y*
- 24.25%
- 5Y*
- 19.13%
- 10Y*
- 12.39%
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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VGPMX vs. GLDM - Expense Ratio Comparison
VGPMX has a 0.36% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Return for Risk
VGPMX vs. GLDM — Risk / Return Rank
VGPMX
GLDM
VGPMX vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Capital Cycles Fund (VGPMX) 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.
| VGPMX | GLDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.94 | 1.82 | +1.13 |
Sortino ratioReturn per unit of downside risk | 3.51 | 2.25 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.33 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 4.24 | 2.71 | +1.53 |
Martin ratioReturn relative to average drawdown | 17.59 | 10.04 | +7.55 |
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
| VGPMX | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.82 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 1.25 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.09 | -0.84 |
Correlation
The correlation between VGPMX and GLDM is 0.40, 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
VGPMX vs. GLDM - Dividend Comparison
VGPMX's dividend yield for the trailing twelve months is around 3.73%, while GLDM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGPMX Vanguard Global Capital Cycles Fund | 3.73% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
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
VGPMX vs. GLDM - Drawdown Comparison
The maximum VGPMX drawdown since its inception was -78.85%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for VGPMX and GLDM.
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Drawdown Indicators
| VGPMX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.85% | -21.63% | -57.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.80% | -19.14% | +6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -20.92% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -54.59% | — | — |
Current DrawdownCurrent decline from peak | -10.73% | -13.19% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -34.69% | -6.04% | -28.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 5.16% | -2.07% |
Volatility
VGPMX vs. GLDM - Volatility Comparison
The current volatility for Vanguard Global Capital Cycles Fund (VGPMX) is 7.56%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 11.01%. This indicates that VGPMX 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
| VGPMX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 11.01% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 24.07% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 27.57% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 17.65% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 16.77% | +4.88% |