YGLD vs. GLDM

Last updated Jun 4, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and GLDM (SPDR Gold MiniShares Trust) are both Gold funds. YGLD is actively managed, while GLDM is passively managed. Over the past year, YGLD returned 23.02% vs 32.42% for GLDM. Their correlation of 0.92 suggests significant overlap in exposure. YGLD charges 0.50%/yr vs 0.10%/yr for GLDM.

Performance

YGLD vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YGLD achieves a -7.24% return, which is significantly lower than GLDM's 3.00% return.

YGLD

• 1D: -1.34%
• 1M: -2.29%
• YTD: -7.24%
• 6M: -7.14%
• 1Y: 23.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDM

• 1D: -0.96%
• 1M: -1.62%
• YTD: 3.00%
• 6M: 5.60%
• 1Y: 32.42%
• 3Y*: 31.49%
• 5Y*: 18.49%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YGLD vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-7.24%	96.82%	-4.17%
GLDM SPDR Gold MiniShares Trust	3.00%	64.20%	-0.67%

Correlation

The correlation between YGLD and GLDM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.92

The correlation between YGLD and GLDM has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

YGLD vs. GLDM - Sectors Allocation Comparison

Sectors	YGLD	GLDM
Financial Services	32.3%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

YGLD vs. GLDM — Risk / Return Rank

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

YGLD

YGLD Risk / Return Rank: 18
YGLD Sharpe Ratio Rank: 18
YGLD Sortino Ratio Rank: 18
YGLD Omega Ratio Rank: 21
YGLD Calmar Ratio Rank: 17
YGLD Martin Ratio Rank: 16

GLDM

GLDM Risk / Return Rank: 32
GLDM Sharpe Ratio Rank: 33
GLDM Sortino Ratio Rank: 29
GLDM Omega Ratio Rank: 36
GLDM Calmar Ratio Rank: 34
GLDM Martin Ratio Rank: 29

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.

YGLD vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) 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.

	YGLD	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.24	-0.66
Sortino ratio: Return per unit of downside risk	0.96	1.63	-0.67
Omega ratio: Gain probability vs. loss probability	1.14	1.25	-0.11
Calmar ratio: Return relative to maximum drawdown	0.68	1.70	-1.03
Martin ratio: Return relative to average drawdown	1.55	4.23	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YGLD vs. GLDM - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.57, which is lower than the GLDM Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of YGLD and GLDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YGLD	GLDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	1.24	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.02	+0.16

Drawdowns

YGLD vs. GLDM - Drawdown Comparison

The maximum YGLD drawdown since its inception was -34.23%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for YGLD and GLDM.

Drawdown Indicators

	YGLD	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-34.23%	-21.63%	-12.60%
Max Drawdown (1Y) Largest decline over 1 year	-34.23%	-19.14%	-15.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.92%	—
Current Drawdown Current decline from peak	-33.06%	-17.65%	-15.41%
Average Drawdown Average peak-to-trough decline	-7.91%	-6.22%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.86%	7.69%	+7.17%

Volatility

YGLD vs. GLDM - Volatility Comparison

Simplify Gold Strategy PLUS Income ETF (YGLD) has a higher volatility of 8.70% compared to SPDR Gold MiniShares Trust (GLDM) at 5.47%. This indicates that YGLD'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

	YGLD	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	5.47%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	34.68%	22.99%	+11.69%
Volatility (1Y) Calculated over the trailing 1-year period	40.43%	26.39%	+14.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.10%	17.91%	+21.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.10%	16.85%	+22.25%

YGLD vs. GLDM - Expense Ratio Comparison

YGLD has a 0.50% expense ratio, which is higher than GLDM's 0.10% expense ratio.

Dividends

YGLD vs. GLDM - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 19.23%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%
YGLD Simplify Gold Strategy PLUS Income ETF	19.23%	12.05%

Frequently Asked Questions

Can I hold both YGLD and GLDM in my portfolio?

With a correlation of 0.93, YGLD and GLDM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, YGLD or GLDM?

YGLD has higher volatility (8.70%) compared to GLDM (5.47%). In terms of maximum drawdown, YGLD dropped -34.23% vs GLDM's -21.63%.

Which ETF is better, YGLD or GLDM?

On 1-year performance, GLDM leads with 32.42% vs 23.02% for YGLD. On fees, GLDM is cheaper at 0.10% per year. On volatility, GLDM has been the lower-risk option at 5.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or GLDM?

Over the 1-year period, GLDM has performed better with a 32.42% return vs 23.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.50% for YGLD.

Which ETF pays a higher dividend yield, YGLD or GLDM?

YGLD has the higher dividend yield at 19.23%, compared with 0.00% for GLDM.

What is the main difference between YGLD and GLDM?

They also come from different issuers: Simplify and State Street. Their fees differ too: 0.50% for YGLD and 0.10% for GLDM.

Which has better risk-adjusted returns?

GLDM currently has the higher Sharpe Ratio (1.24 vs 0.57), 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.