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GLDM vs IAU: Performance & Backtest Comparison
GLDM delivered the higher return - 15.93% CAGR vs 15.78% - over 2018-07-31 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| GLDM | IAU | |
|---|---|---|
| Name | SPDR Gold MiniShares Trust | iShares Gold Trust Shares |
| CAGR | 15.93% | 15.78% |
| Total return | 230.25% | 226.90% |
| Volatility | 15.65% | 15.68% |
| Max drawdown | -22.59%Jun 2026 | -22.72%Jun 2026 |
| Sharpe | 0.86 | 0.86 |
| Sortino | 1.58 | 1.55 |
| Best year | 64.20% | 63.95% |
| Worst year | -4.01% | -4.00% |
| Final balance | $33,025 | $32,690 |
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, GLDM or IAU?
Over 2018-07-31 to 2026-07-31, GLDM performed better: 15.93% annualized versus 15.78% for IAU, with dividends reinvested. Past performance does not guarantee future results.
How similar are GLDM and IAU?
Their monthly returns have a correlation of 1.00 over the common period. GLDM is SPDR Gold MiniShares Trust; IAU is iShares Gold Trust Shares.
Which is riskier, GLDM or IAU?
Over the common period GLDM had 15.65% annualized volatility and a -22.59% max drawdown, versus 15.68% and -22.72% for IAU.