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GLD vs GLDM: Performance & Backtest Comparison
GLDM delivered the higher return - 15.93% CAGR vs 15.62% - over 2018-07-31 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| GLD | GLDM | |
|---|---|---|
| Name | SPDR Gold Shares | SPDR Gold MiniShares Trust |
| CAGR | 15.62% | 15.93% |
| Total return | 223.24% | 230.25% |
| Volatility | 15.71% | 15.65% |
| Max drawdown | -22.76%Jun 2026 | -22.59%Jun 2026 |
| Sharpe | 0.84 | 0.86 |
| Sortino | 1.54 | 1.58 |
| Best year | 63.68% | 64.20% |
| Worst year | -4.15% | -4.01% |
| Final balance | $32,324 | $33,025 |
Correlation of monthly returns: 1.00. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, GLD or GLDM?
Over 2018-07-31 to 2026-07-31, GLDM performed better: 15.93% annualized versus 15.62% for GLD, with dividends reinvested. Past performance does not guarantee future results.
How similar are GLD and GLDM?
Their monthly returns have a correlation of 1.00 over the common period. GLD is SPDR Gold Shares; GLDM is SPDR Gold MiniShares Trust.
Which is riskier, GLD or GLDM?
Over the common period GLD had 15.71% annualized volatility and a -22.76% max drawdown, versus 15.65% and -22.59% for GLDM.