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GLD vs GLDM: Performance & Backtest Comparison
GLDM delivered the higher return - 15.51% CAGR vs 15.21% - over 2018-07-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| GLD | GLDM | |
|---|---|---|
| Name | SPDR Gold Shares | SPDR Gold MiniShares Trust |
| CAGR | 15.21% | 15.51% |
| Total return | 210.48% | 216.92% |
| Volatility | 15.91% | 15.86% |
| Max drawdown | -23.85%Jun 2026 | -23.74%Jun 2026 |
| Sharpe | 0.81 | 0.83 |
| Sortino | 1.44 | 1.48 |
| Best year | 63.68% | 64.20% |
| Worst year | -7.05% | -6.97% |
| Final balance | $31,048 | $31,692 |
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 2026-06-30, GLDM performed better: 15.51% annualized versus 15.21% 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 15.91% annualized volatility and a -23.85% max drawdown, versus 15.86% and -23.74% for GLDM.