GLD vs GLDM
Jun 26, 2018 – Sep 23, 2026, GLDM sets the start date
| Final balance | CAGR | Max drawdown | Sharpe ratio | |
|---|---|---|---|---|
| GLD | $32,943 | 15.56% | −26.40% | 0.92 |
| GLDM | $33,663 | 15.86% | −26.27% | 0.94 |
| GLD | GLDM | |
|---|---|---|
| Final balance | $32,943 | $33,663 |
| CAGR | 15.56% | 15.86% |
| Max drawdown | −26.40% | −26.27% |
| Sharpe ratio | 0.92 | 0.94 |
Loading the growth chart…
Growth of $10,000
- GLD
- GLDM
Trailing returns
Annualized past 1Y
| Period | GLD | GLDM | GLD − GLDM |
|---|---|---|---|
| YTD | −0.87% | −0.73% | −0.14% |
| 1Y | 13.40% | 13.70% | −0.30% |
| 3Y | 30.05% | 30.41% | −0.36% |
| 5Y | 19.16% | 19.51% | −0.35% |
Metrics
| Return | GLD | GLDM |
|---|---|---|
| Final balance | $32,943 | $33,663 |
| Total return | 229.43% | 236.63% |
| CAGR | 15.56% | 15.86% |
| Calendar years | GLD | GLDM |
| Best year | 63.68% | 64.20% |
| Worst year | −4.15% | −4.01% |
| Positive years | 5 of 7 | 5 of 7 |
| Risk | GLD | GLDM |
| Max drawdown | −26.40% | −26.27% |
| Longest drawdown | 3.6 years | 3.4 years |
| Volatility (annualized) | 17.37% | 17.28% |
| Risk-adjusted | GLD | GLDM |
| Sharpe ratio | 0.92 | 0.94 |
| Sortino ratio | 1.30 | 1.33 |
| Calmar ratio | 0.59 | 0.60 |
| Return | GLD | GLDM |
|---|---|---|
| Final balance | $32,943 | $33,663 |
| Total return | 229.43% | 236.63% |
| CAGR | 15.56% | 15.86% |
| Calendar years | GLD | GLDM |
| Best year | 63.68% | 64.20% |
| Worst year | −4.15% | −4.01% |
| Positive years | 5 of 7 | 5 of 7 |
| Risk | GLD | GLDM |
|---|---|---|
| Max drawdown | −26.40% | −26.27% |
| Longest drawdown | 3.6 years | 3.4 years |
| Volatility (annualized) | 17.37% | 17.28% |
| Risk-adjusted | GLD | GLDM |
| Sharpe ratio | 0.92 | 0.94 |
| Sortino ratio | 1.30 | 1.33 |
| Calmar ratio | 0.59 | 0.60 |
Worst drawdowns
| Decline | Peak | Bottom | Recovered |
|---|---|---|---|
| −26.4% | Jan 2026 | Jul 2026 | Not yet |
| −22.0% | Aug 2020 | Sep 2022 | Mar 2024 |
| −12.5% | Mar 2020 | Mar 2020 | Apr 2020 |
| −10.1% | Oct 2025 | Nov 2025 | Dec 2025 |
| −8.1% | Oct 2024 | Nov 2024 | Jan 2025 |
| Decline | Peak | Bottom | Recovered |
|---|---|---|---|
| −26.3% | Jan 2026 | Jul 2026 | Not yet |
| −21.6% | Aug 2020 | Sep 2022 | Dec 2023 |
| −12.5% | Mar 2020 | Mar 2020 | Apr 2020 |
| −10.1% | Oct 2025 | Nov 2025 | Dec 2025 |
| −8.1% | Oct 2024 | Nov 2024 | Jan 2025 |
Annual returns
| Year | GLD | GLDM | GLD − GLDM |
|---|---|---|---|
| 2018* | +1.67% | +1.84% | −0.17% |
| 2019 | +17.86% | +18.10% | −0.24% |
| 2020 | +24.81% | +25.10% | −0.28% |
| 2021 | −4.15% | −4.01% | −0.14% |
| 2022 | −0.77% | −0.47% | −0.30% |
| 2023 | +12.69% | +13.04% | −0.35% |
| 2024 | +26.66% | +27.08% | −0.43% |
| 2025 | +63.68% | +64.20% | −0.53% |
| 2026* | −0.87% | −0.73% | −0.14% |
* Partial year
Rolling returns
| Period | GLD median | GLDM median | More often ahead |
|---|---|---|---|
| 1Y | 19.02% | 19.34% | GLDM >99% |
| 3Y | 12.47% | 12.73% | GLDM 100% |
| 5Y | 12.24% | 12.53% | GLDM 100% |
About GLD vs GLDM
Both hold gold bars in vaults and follow the price of gold. GLDM, launched in June 2018, charges a lower fee. GLD dates from 2004, trades far more, and is the only one of the two with listed options.
GLD returned 15.6% a year from Jun 2018 to Sep 2026, against 15.9% for GLDM. Both fell furthest in 2026, GLD by 26.4% and GLDM by 26.3%. GLDM beat GLD in all 7 full years and in every rolling 5-year period.
Uses daily closing prices with dividends reinvested. Fund fees are included, but not taxes or trading costs. The comparison starts on Jun 26, 2018, when GLDM's prices begin.